November 8, 2024- Recent years have exposed the fragility and inefficiencies of the healthcare supply chain, but also the vast potential for improvement and innovation.
Healthcare supply chains need to forecast better and adapt faster to navigate a challenging and changing environment, and technology is key – from access to robust, actionable data to automating traditionally manual, cumbersome processes.
Technology enablement can support more transparent and autonomous networks, allowing the supply chain to operate as a connected and self-orchestrating ecosystem vital for resiliency, as well as competitive advantage and long-term growth. For instance, organizations that have developed digital capabilities to transform their supply chains achieved savings of 6.8 percent annually in supply chain costs, along with a 7.7 percent revenue increase, with investments paying off in an average of 22 months.
Read more in the latest issue of JHC.