Health systems who can fully optimize their supply chains typically see improved year-over-year financial performance, which includes inventory turns, operating margin, and return on investment capital.1
To build a strong foundation for your supply chain as you strive for excellence, it is critical to clearly identify your strategy. This strategy should be aligned to the overall goals of your health system in order to achieve significant results. Some things to consider as you build your strategy include a min and max philosophy, replenishment schedule, nursing communication schedule, and a supply chain inventory management system. This is the first of five key steps to achieving supply chain excellence.
For more supply chain insights and to view all five building blocks of supply chain excellence, visit our supply chain center.
1 https://www.supplychainquarterly.com/articles/946-how-do-you-define-supply-chain-excellence
