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 - January 27, 2010
Robert T. Yokl
President & Chief Value Strategist
The Cost of Doing NOTHING in Supply Chain Management
Greeting,
One of the questions that I ask everyone that I talk to in my dealings with supply chain professionals everyday is “what are you up to” in your supply chain operations? Their answers are frequently inspirational, educational and transformative when I hear how they are making big positive changes happen at their healthcare organizations. But too often I hear from these bright and engaging individuals that they are just maintaining the “status quo”, or doing NOTHING to move the ball forward in their supply chain operations.
That brings me to the point of this article. I have never come across a healthcare organization in my long supply chain career that couldn’t do better than good in everything they do. More importantly, the cost of doing NOTHING is actually contributing to healthcare organizations losing tens of thousands of dollars a year in labor, expenses or both.
As an illustration, most value analysis teams that we have observed have been doing the same things in the same ways for decades. No changes, no improvements, no self examination and no enhancements in the way they do business. The result is that hundreds of thousands of dollars in supply chain savings are being left on the table untouched.
I could also cite numerous examples where we have observed supply chain labor being wasted doing unnecessary and unneeded chores and supply expense budgets that are bloated because no one is investigating why this is occurring. So doing NOTHING does have a cost that is insidious, pervasive and damaging to your healthcare organization’s bottom line.
My point here is that even if healthcare reform doesn’t become law, healthcare providers are now realizing that they are under the gun to dramatically improve their quality while at the same time lower their cost, since our nation’s healthcare cost (4% increase in 2008) is unsustainable over the next decade.
As supply chain professionals, we all need to pitch in to help lower our healthcare organization’s cost. Doing NOTHING isn’t an option if our industry is to remain viable, profitable and relevant in the 21st century.This way everyone wins!
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 are looking for ideas to make your supply chain organization better than good, I would suggest that you check out our Value Analysis Resource Web that has a treasures trove of new ideas for you. A client just told me yesterday that they saved $100,000 with just one utilization savings strategy (there are hundreds more!) they learned in the Value Analysis Resource Web.
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