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October 10, 2004         

by Robert T. Yokl, President

Are You Still Leaving 6% to 9% Of Your Supply Chain Savings On The Table – Untouched?

Looking For New Savings Opportunities?

 “The Low Hanging Fruit Has Been Harvested From Your Vineyard, Now Is The Time To Attack Your “Invisible Costs Too!”

This October will be my 27th year as a healthcare supply chain consultant/trainer (you can see by the gray hair in my photo above that I have earned my stripes). Yet, after all this time, I’m still perplexed by the way healthcare organizations are still leaving 6% to 9% of their supply chain savings on the table — untouched! 

Now why is this happening?  The biggest reason for this happening,  as I see it, is that  healthcare organizations still aren’t “organized to save”, and to attack what I call, their “invisible costs” or unnecessary and unwanted supply chain expenses.  For the record, supply chain expenses are now roughly 35% to 40% of your healthcare organization’s operating expenses. 

Your “Invisible Costs” Are Your Enemy

Your “invisible costs” are your enemy, therefore, you must be always on the attack. They can be characterized as follows:

All of these “invisible costs” are bloating your budgets by as much as 6% to 9% in avoidable supply chain expenses.

A Urgent Need For Healthcare Organizations

To Be Organized To Save And Attack Your “Invisible Cost”

Now, what do I mean by “being organized to save”?  By this statement I mean that you need to have a proven, repeatable money-savings system to manage and control your supply chain expenses — evermore.  As opposed to “winging it” as most healthcare organizations are doing today and hope that somehow savings will happen.  I believe we all know that “the low hanging fruit” has been harvested, now is the time to get serious about reducing your “invisible costs”.

About the Author

Robert T. Yokl, President, The HCP Group, Ltd., has over 35 years of experience as a consultant and manager in the field of Supply Value Chain Management and is one of the country's leading healthcare experts in value analysis, value engineering, Non Salary Expense Reduction and materials management. He is the developer and program leader of the award winning Certified Value Analysis Practitioner Training Program™. Mr. Yokl is also the developer of the healthcare industry's leading ValueNetCentral™ Value Analysis Software. Over the past two decades he has trained thousands of healthcare managers in his patented Strategic Value Analysis™ and Team-Based Project Management™ processes and has assisted scores of organizations in developing their own value management programs. He has published six books, videos and audios on supply/value chain management. His latest book being, “ Strategic Value Analysis™: The #1 Smart Strategy for Taking Cost Out of a Healthcare Organizations’ Healthcare Supply Value Chain”.

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