Whether your facility is looking to cut costs or increase efficiency, data analytics can help you achieve your supply chain goals. Utilizing data in your supply chain strategies can help you take control of your supply chain while maintaining quality patient care.
Here are two helpful ways to begin:
- Increase visibility via data analytics: You can’t manage what you can’t measure. By improving inventory visibility from the manufacturer to the point of use, you’ll take greater control over your total spend. Accurate real-time data that reveals actual utilization will help you make more informed purchasing and inventory management decisions that will optimize supply spend, reduce waste and support patient safety.
- Reveal new savings with freight management: Data analytics can also uncover savings opportunities in an often-overlooked area: shipping expenses. But there’s more to professional freight management than negotiating discounted rates from carriers. This is about using advanced analytics to maximize supplier participation, accelerate efficiency and ensure that every shipping mode is included in your program: inbound freight, outbound freight, large shipments over 150 pounds and same-day courier services.
Implementing data analytics can strengthen your supply chain strategies. For more supply chain tips and best practices, visit cardinalhealth.com/supplychaincenter.