Hospital Supply Chain Management - 1732 Words

Supply Chain 1 I Care Healthcare Supply Chain Management By Jeffrey S. Moser Operations Management MGT 554 Professor Stephen Wernick October 12, 2004 Supply Chain 2 Supply Chain Management plays a vital role in our hospitals today. With the growing cost of healthcare and new technologies, it is vital for hospitals to run as efficiently as possible and without jeopardizing care. To the materials manager and to the financial minds of a hospital the area of supply chain is a tedius task at best, the kind of planning, strategizing and measuring that seldom goes recognized and rewarded. The work involved with inventory control fits tightly within that description. In many hospitals today, it is easy for inventory control to go astray and†¦show more content†¦Until that time comes, if ever, there needs to be another solution. There is no quick fix, but I will start with a list of criteria that will help us better control I Cares inventory, understand what is being spent, where it is being spent and areas where we can cut costs on supplys, which according to ASCET (Achieving Supply Chain Excellence through Technology) makes up between 25 and 30% of a hospitals operating costs. 1. Understand your spend. Knowing exactly what you are keeping in inventory, where it comes from, and how its received, handled and stored is critical to inventory reduction efforts. There are many programs that can gather and track this data, but technology is an enabler -- not a solution. There must still be business processes in place to analyze this data to make it worthwhile. 2. Rationalize SKUs. This requires data about what SKUs are being used, by whom, and for what. This is the biggest challenge, but armed with this information, youll be able to impact inventory levels, SKU proliferation, leverage substitutes and alternates -- or even the need to stock certain materials at all. 3. Leverage key strategic partners/distributors for information and just-in-time services which will substitute inventory stockpiles. This means you get only what you need. And, should you need more of a product on occasion, you know exactly where to find it.Show MoreRelatedSupply Chain Management in Hospital: a Case3654 Words   |  15 PagesSupply Chain Management in Hospital: A Case Study Samuel Toba †¢ Mary Tomasini †¢ Y. Helio Yang San Diego State University, San Diego, CA It is a common misunderstanding that hospital purchasing is just a functional part of operations rather than a strategic means to achieve financial cost savings. The supply chain process is the essential link for all programs and services offered by a hospital, and hence any improvement in managing the supply chain can positively impact bottom line profitabilityRead More Hospital Supply Chain Management Essay1640 Words   |  7 PagesCare Healthcare Supply Chain Management Supply Chain Management plays a vital role in our hospitals today. With the growing cost of healthcare and new technologies, it is vital for hospitals to run as efficiently as possible without jeopardizing care. To the materials manager and to the financial minds of a hospital the area of supply chain is a tedius task at best, the kind of planning, strategizing and measuring that seldom goes recognized and rewarded. The work involved with inventory controlRead MoreThe Complexities of Healthcare Supply Chains 855 Words   |  3 PagesHealthcare Supply Chains The healthcare supply chain shares a number of similarities with other chains, not only in terms of processes (e.g. procurement, warehousing, distribution), but also in terms of discerning customers and management structures. There are also differences in the chain that are related to the specific characteristics and requirements of the sector. In general, healthcare supply chains are very complex, diverse, and dynamic. That complexity arises from the numerous companiesRead MoreSupply Chain Management And Healthcare Industry1745 Words   |  7 PagesSupply Chain Management –For Healthcare Industry Introduction: Economic downturn in Healthcare sector has given renewed importance to supply chain management in healthcare industry. Supply chain management has great effects on hospital organizations. 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A supplyRead MoreComponents of the pharmaceutical industry manufacturing and distribution chain A pharmaceutical700 Words   |  3 Pages Components of the pharmaceutical industry manufacturing and distribution chain A pharmaceutical supply chain is made up of the following stages- †¢ Primary Manufacturing †¢ Secondary Manufacturing †¢ Market Warehouses †¢ Distribution Centre †¢ Wholesalers †¢ Retailers /Hospitals. Primary manufacturing Primary manufacturing is the process of production of the AI(Active Ingredient) or API (Active Pharmaceutical Ingredient). This process is comprised of multiple complex chemical synthesisRead More1.Introduction. The Purpose Of This Report Is To Examine1390 Words   |  6 Pagese-procurement, in their business operations. The next part of this report introduces the technology implementation barriers when applying these systems and models in the process management. 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