In today’s age of unpredictability in the healthcare supply chain industry, taking proactive steps to manage backorders, gain visibility, and implement contingency scenarios is what can set you apart in the industry.
With supply chain leaders navigating through supply constraints since 2020, it is clear the healthcare industry could benefit from new technological strategies for inventory management to stay ahead of these challenges.
In a recent Q&A with Becker’s Hospital Review sponsored by Cardinal Health, Joe Walsh, founder of Supply Chain Sherpas, shared his thoughts on what advancements in data and technology he anticipates in 2022 for the supply chain industry: “Promising technology innovations include solutions that identify the products that become critical in various disruption scenarios and then cross-reference clinically equivalent products across a broad network of manufacturers without competitive bias. Other important solutions are advanced analytics, and event monitoring solutions to help sense primary and secondary shortages. Demand sensing, demand planning and tools connecting trading partners are also showing early promise1.” Continuous technological advancements that target problems healthcare customers are currently facing show the need for investments in the right technology to achieve the proactive steps to success.
Finding ways to incorporate technological advancements in your supply chain strategy can help better prepare you for the year ahead as well as any unforeseen obstacles. For more supply chain tips and best practices, visit cardinalhealth.com/supplychaincenter.