Five Ways to Optimize Your Supply Chain

Today’s market dynamics, coupled with healthcare reform measures, have made supply chains extremely complex and planning more difficult. Representing 25 percent of a healthcare provider’s budget, the supply chain holds significant opportunities for savings. That’s why it’s critical for providers to reduce high-dollar supply chain inefficiencies. Implementing a supply chain optimization strategy takes a great deal of work and great effort on the part of the organization. However, the benefits far outweigh the efforts because an optimized supply chain can help a facility stay lean, manage costs and respond to fluctuations in demand. 

Here are five ways to optimize your supply chain:

  1. Take Control of Your Item Master
  2. Manage Your Inventory
  3. Establish Supply Chain Metrics for Measurement and Benchmarking
  4. Create a Value Analysis Committee
  5. Implement Performance Improvement Analysis

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