Monday, February 16, 2015

Trending of Medical Device Industry - Part2

In the blog, I will try to answer the question, what's the impact to FP&A from the trending.
A brief introduction on FP&A role.
  1. Financial planning on revenue and cost associated with it
  2. Financial analysis for projects or functions
  3. Translate business issue and analytic problem and analytic solutions to business actions
Here is the imaginary impact,
  • Financial planning on revenue
    • new products
      • more related to aging people
      • more related to patients rather than physicians
    • new customers
      • from emerging market
    • new business model
      • product only to service/subscription
  • Financial planning on associated cost
    • Cost to communicate with consumers. (From B2B to B2C)
    • Cost of supply chain integration (with emerging market)
    • Cost structure dramatic change when business model changes to service/subscription
  • Financial analysis on revenue
    • revenue components change when demographic changes (shift to aging people, and shift to emerging country)
    • decision maker changes on healthcare merger (from physician to procurement)
    • decision maker changes on consumerization (more ads for mass consumer)
  • Financial analysis on procurement
    • more from emerging market/supplier
  • Financial analysis on IT/business intelligence
    • big data on customers

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