Supply Chain Tip of the Week: Achieve supply chain resiliency with the right inventory management strategy

In a Q&A with Cardinal Health and Becker’s Hospital Review, Joe Walsh, founder of Supply Chain Sherpas, discussed how supply chain leaders can best prepare for the 2022.

Walsh weighed in on combating ongoing challenges and shared expert insight on 2022 healthcare supply chain trends. As we head into the last quarter of 2022, it’s important to remember Walsh’s advice on how to best overcome the supply obstacles the industry is facing this year.

Walsh shared an observed breakthrough on “deploying new and improved strategies to enable a more resilient supply chain. One example is dynamic sourcing which considers when an organization sole sources, multi-sources, brings manufacturing back onshore or even uses local sourcing. Providers are implementing operational infrastructure to prioritize critical supplies, to enable demand sensing and demand planning, and to catalyze more visibility. Inventory strategies, with costly and space consuming ‘just in case’ models replacing the ‘just in time’ models of yesterday. Cardinal Health’s Strategic Stock Solution is an innovative way for providers to stockpile and sequester their critical supplies from multiple manufacturers, in a cost effective and space saving manner.”

For more information on space allocation and inventory management for your facility, visit our Strategic Stock Solution website. 

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