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Outsourcing offers time-sensitive, lower-cost, and high quality products.
SIMILARLY, WE MADE SIGNIFICANT PROGRESS ON STREAMLINING OUR COST STRUCTURE THROUGH THE OUTSOURCING OF MANUFACTURING OPERATIONS AND IMPROVEMENTS TO OUR SUPPLY CHAIN MANAGEMENT PROCESSES THROUGH OUR PARTNERSHIP WITH OUTSIDE SUPPLIERS.
At the same time, outsourcing procurement by some hospitals and competition from local manufacturers in intravenous catheter needles have negative impact on sales.