Healthcare Supply Chain Risk Management Essay

• This article talks about how healthcare develop different strategies to improve efficiency, quality of patient care and safety. Healthcare supply chain helps supplier of pharmaceutical products take ingredient from the manufactures and to the health providers.

• Author talks about a research which is quantified by developing risk management strategies that can help in serving health emergencies and also help to treat the adverse results if any interruption occurred in the supply chain of a hospital. Risk management is adapted by all the healthcare institutions in order to provide good supply chain of the pharmaceutical products. With less supply of products, shortage of important drugs or vaccination have adverse effect on the hospital or healthcare. So having

Then risk analysis where all the analysis are performed in order to see what strategies they should take in order to reduce the risk effects and results.

• With transfer and acceptance they give a responsibility to a person where that person monitor the risk in order to avoid adverse effects which might create an issue in future.

• Supply chain risk management helps in generating good relationships, good reputation, and patient health and safety. It also helps in making better decisions, provide opportunity to build a good position in the market and balanced risk ratio.

• This article also talks about the application of Analytic Hierarchy process which has four stages-

 Construct- This means to create a hierarchy which helps in building the structure which helps in describing the problem- what are the issues, where it started from.

 Derive weights- This helps in conducting comparisons of all the attributes.

 Options available- This helps decision maker to make decisions with all the respect to the lowest level