August 28, 2023- While the COVID-19 pandemic, extreme weather events and geo-political activity have exposed vulnerabilities in the global supply chain in recent years, organizations across the healthcare industry have felt the impact of fragmentation—particularly as complexity has grown due to emerging markets, expanding product portfolios and numerous additional structural factors.
Fragmented supply chains experience rising costs due to stockouts, delays, quality issues, errors, lack of standardization, inconsistent processes and decreased visibility. For organizations aiming to evolve to a more integrated model, a comprehensive and systematic approach that enables better visibility, faster transfer of information and stronger alignment between clinical, operational and logistical teams is necessary.
As health systems have expanded into alternative care locations including non-acute settings outside of the hospital, inefficiencies in inventory management, sourcing and supplier coordination have come into heightened view.
Read More in the latest issue of The Journal of Healthcare Contracting.