Healthcare Supply Chain Management System

Finally, if any end-user customers were to adopt the activity-based pricing (ABP) system proposed by O&M, O&M could help hospitals better understand their costs and analyze their processes. This would improve efficiency and reduce waste due to loss, theft and expiration of sensitive medical supplies. O&M would reduce its costs by delivering only what is needed, and the hospitals would be buying fewer unutilized supplies.

Reorders are placed at the time of review (T), and the safety stock that must be reordered is:

The hospital provides a slew of services to the community like acute hospitals, community hospitals, continuum care facilities, home-health agencies, ambulatory sites, and specialty institutes. If I was a part of the management of this organization my approach to managing supplies successfully will be to ensure the hospital

Managing inventory effectively is a huge task for most businesses, but in the healthcare arena, it can be particularly hard to do. Hospitals have to make sure they never run out of critical medical supplies, however not making the correct decisions could leave facilities overstocked with expiring supplies and medication.

SSI’s not only set back our patients, but they also create financial and economic burdens for our facility. Additionally, there are considerable inefficiencies throughout UAHN’s surgical services departments, especially in its handling of inventory and supply chain management. The management of inventory which includes the daily returned inventory from surgical cases creates an excess in labor, indicating our system is non-optimized and costs UAHN approximately $4 million annually. It is for these reasons I believe there is great need for change at the University of Arizona Health Network (UAHN) moreover these changes can be accomplished on multiple level. We can establish a more efficient workflow at the clinical level as well as at the supply chain management level, doing so will increase the effectiveness and the financial health of the UAHN organization.

It will be a win-win strategy for every participant in the medical devices supply chain. In details, first, MTC could form a strategic alliance to hospital ‘innovators’, such as Cleveland Clinic, to develop new high tech device. Patent could create a new revenue stream for both parties. Moreover, MTC would know earlier and react faster about what surgeons really need from the company’s next devices. At the same time, hospitals would be willing to cooperate due to the gain through such early involvement program. Second, implementing low unit of measure (LUM) Lean/JIT systems between distributors and hospitals. RFID tags could provide information on locations of medical device. Accordingly, manufacturer/distributors would have visibility to hospital’s items and control the order lead time to maintain a least landed cost. It is a desired result for distributors since they are more willing to shift from the traditional bulk model of shipping inventory in full-case quantities of use. Third, a higher percentage of ‘on-contract’ purchase benefit the cost saving which has become an important supply chain metric in leading hospitals. Last, supply chain touch points create potential safety issues and unnecessary expenditure. MTC should give a scrutinize of current process, in addition, eliminate touch point such as off-site

As the number of the cases increase, the just-in-time supply chains or the standard operating procedures would be really difficult to meet the growing demand. Hence the healthcare systems have been challenged to determine the medical supplies that need to be procured. One of the most challenging jobs is to develop a prioritized list detailing all the supplies and essential quantities that need to be stockpiled.

SSI’s not only set back our patients, but they also create financial and economic burdens for our facility. Additionally, there are considerable inefficiencies throughout UAHN’s surgical services departments, especially in its handling of inventory and supply chain management. The management of inventory which includes the daily returned inventory from surgical cases creates an excess in labor, indicating our system is non-optimized and costs UAHN approximately $4 million annually. It is for these reasons I believe there is great need for change at the University of Arizona Health Network (UAHN) moreover these changes can be accomplished on more than one level. We can establish a more efficient workflow at the clinical level as well as at the supply chain management level, doing so will increase the effectiveness and the financial health of the UAHN organization.

Specific struggles can occur as possible interventions to mitigate drug shortages are attempted. As discussed above, pharmaceutical manufacturers are private enterprises that are not obligated to manufacture any specific medication even if such medications are in short supply. Purchasing from foreign suppliers is a strategy distributors sometimes use to cope with drug shortages. Authors Dill and Ahn (2014) point out monitoring compliance of foreign suupliers is more challenging than monitoring and regulating facilities in one’s own country (2014). Another approach, used by some distributors, when medications are scare, is to turn to compounding facilities. According to Caulder, Mehta, Bookstaver, Sims, and Stevenson (2015) depending on compounding is a high risk practice. These authors explain that in some cases compounding practitioners do not have sufficient experience and contamination can occur (p. 180). Undoubtedly the most important goal is to avoid distribution of drugs that are contaminated. Using contaminated drug; and a subsequent recall, is the worst possible scenario for all

The results of this paper center on the supply chain and logistical functions of an elite pharmaceutical organization in the United States. Westminster Company retains three separate companies, which produce and distribute individualized or differentiated commodities independently. This paper will discuss the changes being considered within their supply chain structure, which are, the establishing of a solidified warehousing structure, possessing combined shipments to conserve on costs, the incorporation of information technology (IT) to keep up the companies’ inventory using software like enterprise resource planning (ERP), and

Distribution: With the growth of medical IT, retailers need to include telemedicine products to keep up with consumer demand. Strong national distributors like Shoppers and London Drug have already established themselves as trustworthy suppliers of healthcare products and give strong brand equity to the products they stock.

Project Technical Paper Reliable Pharmaceutical Supply Index Introduction 1. Entity-relationship diagram that shows the data strorage requirements for Relable Pharamceutical Supply -------------------3 2. Domain meta class for RPS. -------------------4 3. Activity diagram for each use case related to entering new orders -------------------5 4.

Effective supply chain management can provide an important competitive advantage for a business marketer, resulting in improved communication and involvement among members of the chain, increased motivation, and decreased costs. Tracking the movement of and demand for components used to manufacture a product across a variety of potential and actual suppliers, provides insight and the ability to respond instantly to shortages, surpluses, and changes in market conditions. It seeks to optimize production, decrease manufacturing time, minimize inventory, streamline order fulfillment, and reduce cost.

This report provides the analysis and examples of inventory management system and forecasting methods of Walmart. Methods of analysis and evaluation include Walmart strategic vendor partnerships, fewer links in supply chain, cross docking, and technology. Results of methods mentioned show Walmart accruing a high inventory turnover ratio of 8.1 (Bloomberg). In comparison to other retailer on regional and global scale Walmart hits industry highs with 71.9% in market share

A common way of decreasing the amount of inventory a business holds on a daily basis is implementing a just-in-time inventory process. A Just-In-Time inventory system means that the business gets the materials for a product, as they are demanded. “The electronic data