January 7, 2024- Outside of the healthcare provider organization market segment, companies generally regard the supply chain with a modicum of respect for managing assets used in the manufacture and sale of products. This links the supply chain in most other market segments directly to the top-line revenue stream as well as to the bottom-line expense stream.
Supply chain within the healthcare provider organization market segment, however, typically fails to experience similar benefits and rapport.
Supply chain as a department and function may serve as specialists in strategic sourcing, product and service evaluation, contracting, purchasing, logistics, distribution and process facilitation – all of which typically fall on the expenditure side of the budget. But a growing number of entrepreneurial supply chain teams also are creating, developing, launching and sharing revenue-generating processes and products to promote and reinforce additional value to their provider organization and to others. These teams not only work to control costs but also to generate income.
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