Savings Beyond Price™
Innovative Supply Savings and Quality Solutions That Work
by Strategic Value Analysis® in Healthcare
Did You Know...?
That Value Analysis Was Developed Back In the 1940's After World War II as a Way to Find Lower Cost but Higher Quality Alternative products and methods. This was Due to the Lack of Material Resources At The End of The War.
Savings Beyond Price -Weekly eNewsletter - September 22, 2010
Robert T. Yokl
President & Chief Value Strategist
Creating a Supply Chain for the Future
Greetings,
I’m just in the final edit stage on several Strategic Supply Chain Operational Plans for a number of hospital and system clients that got me thinking about how important it is for supply chain managers to reinvent, reorder and reengineer their supply chain every five to seven years.
Why? Things change, people change and technology changes, which makes what we have been doing rapidly obsolete. For instance, I can’t think of a hospital, system or IDN who has totally kept up with the technology revolutionize in our industry. We now can utilize RFID technologies for the purpose of identifying, tracking, or charging supplies or equipment throughout their life cycle. Save even more money by applying the concept of Activity-Based Costing to our supply chain spend analytics and make our requisition to purchasing transaction process almost entirely automated. Technology is just one of about thirty-five topics your Strategic Supply Chain should cover.
We have seen this observable fact at small to large hospitals, systems as well as IDNs throughout the country. The reason this has come about is that supply chain professionals haven’t stopped the clock to take a hard look at what their supply chain is doing (or neglected to do) or should be doing to plan, organize and create a visible, reliable and sustainable supply chain for the future.
Winds of Change: One big change that is right around the corner is the new healthcare reform bill. A portion of the bill went into effect this month and that will surely cost your hospital, system or IDN hundreds of thousands of dollars, or in many cases millions of dollars in lost revenues and will also drastically affect your bottom line.
Master Change: We in supply chain management always seem to be herky--jerky when it comes to strategic operational planning, even though planning is the little known secret you desperately need to stay on top of your game. By looking at where you have been, where you are now and where you want (or need) to be in 1, 2, 3 or 5 years with you supply chain management program, you can manage these unpredictable winds of change more effectively.
Anticipate Change: This is the case with another client of ours whose management is telling their supply chain manager that he needs to do more with less. He has responded to this challenge by developing a Strategic Supply Chain Operations Plan, with our assistance, which includes re-inventing and re-tooling his purchasing operations and supply value analysis program to be leaner, meaner and more productive. At the same time, our client is proactively increasing his supply saving yield by 11.4 times over the next few years.
If you want to be left standing when the winds of change hits your healthcare organization over the next few years, you need to master change by anticipating change with your own Strategic Supply Chain Operations Plan that will keep you afloat in good times and bad.
Your Partner In Savings Beyond Price™,
Robert T Yokl
Chief Value Strategist
Strategic Value Analysis® In Healthcare
1-800-220-4274
P.S. If you want to read more about the winds of change, you might want to read my new blog article on the Journal of Healthcare Contracting’s website this week.
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