Investing In Supply Chain This article was written by Lisa Miller. By 2020, supply chain costs are expected to overtake labor expenses as the #1 cost in US healthcare, making it vital to invest in your supply chain in 2019. A 2018 report also suggests that each healthcare institution could potentially save around $11 million
Achieving Success With Your Supply Chain This is the final part of a three-part series on world-class supply chain. Missed the first two? Click here for part 1, and here for part 2. There are certain things that are simply working against world-class supply chain superiority, and you need to be aware of them. If
Enhancing Supply Cost Management System As promised, we’re continuing our discussion on achieving a world-class supply chain. If you missed part one, click here for the first post in the series. Achieving supply chain superiority can be difficult without a better supply cost management system. If you’re unsure of the efficiency of your current arrangement,
Key Elements to World-Class Hospital Supply Chain What are the key elements of achieving a world-class hospital supply chain superiority? This is important, because only a 5%-15% savings in supply costs can equal a 1%-3% improvement in a hospital’s total operating margin. It goes without saying that a keen focus on your supply chain can
