Supply Chain Trends For The Healthcare Sector Essay

Supply Chain Trends For The Healthcare Sector Essay

Length: 709 words (2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

These admission diagnoses lead to a large volume of unique supplies needed for the duration of the length of stay (LOS). The costs associated with ensuring supply availability and timely delivery can add even more expense. When a unit is able to create efficiencies to this process, substantial savings may be acquired.
The materials used in the healthcare supply chain, specifically specialized and high-cost surgical products, have been on a rapid trajectory of cost increases and are becoming as expensive as the cost of staffing and benefits. What can be done to offset these costs is to manage the use and inventory of these expensive materials to enhance revenue, mitigate risk, and ensure that the focus of clinical staff is primarily on patient care (Schneller, 2011).
According to Schneller (2011), supply-chain trends for the healthcare sector will place additional emphasis on lowering costs through efficiencies to offset lower margins on patient care services. It is projected that the value of the supply chain as an organizational asset will gain momentum with healthcare leadership, as well as with a greater emphasis on investment returns from supply-chain projects and enhancements. An increased focus on the relationship between supply chain management, clinical outcomes, patient safety, and sustainability will be needed to derive accurate performance metrics to assist in making sound corporate decisions.
A migration of the supply chain from transactional to strategic will also contribute to improvements in healthcare’s bottom-line. As a method of survival, healthcare CEOs and CFOs will need to recognize the value that an efficient supply chain can provide to this struggling sector of the economy (Schneller, 2011).
Strategic C...

... middle of paper ...

Any new initiative requiring collaboration would undoubtedly affect staff differently. For many employees, the social aspect of collaboration is a socialization task and is frowned upon in the workplace. In order to change these views, the active support of these stakeholders must be gained. Several methods can be utilized to break this cycle and foster an environment that collaborates and accepts change. Senior management should demonstrate its support through actions and not just directives. Second, collaboration must become part of the employees’ work habits and routine. Finally, middle managers must be empowered to affect change and have the support of senior management to empower others. Experimentation such as this comes with some risk of setbacks, but the collaborative environment that accepts initiatives for change far outweigh the risks (Yehuda, 2009).

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The Impact Of Marketing On Supply Chain Performance Essay

- Supply chain is defined as all organisations and activities linked with the flow and transformation of raw materials, through to the consumer, including all the associated information and fiscal flows (Skjott-Larsen 2007). It is takes place in virtually all industries and is used by most companies as a leverage to improve company profitability, performance and productivity. How as competition intensifies among companies, especially in enhancing their supply chain management, innovation is considered key to gaining competitive advantage....   [tags: Supply chain management, Management]

Better Essays
795 words (2.3 pages)

Driving The Economy : How Our Drinks Arrive On Store Shelves Fast Essay

- Driving the Economy: How Our Drinks Arrive on Store Shelves Fast Post date: 7.6.15 If the Coke vs. Pepsi wars invoke the ‘80s, other beverages have emerged as the victors of this decade: Illustrating the fact that the beverage industry is undergoing massive change, says John Deris, Sr. Vice President of National Sales of Fleet Management Solutions for Ryder System, Inc., a global transportation and supply chain management company. “It’s been tremendous,” explains Deris. “It’s more competitive than it’s ever been even though the big players are still the big players....   [tags: Supply chain management, Management, Supply chain]

Better Essays
1029 words (2.9 pages)

How Your Clothes Are Poisoning Our Oceans And Food Supply Essay

- “Breaking a plastic bottle into millions of fibrous bits … might prove to be worse than doing nothing at all,” warns Leah Messinger, a reporter for the national British newspaper entitled The Guardian, in her article “How Your Clothes Are Poisoning Our Oceans and Food Supply.” However, she is not referring to any old, wrinkled piece of clothing off our closet floors. The microfiber lined, thin, durable, and immensely warn synthetic and acrylic clothing used for outdoor sports and yoga pants are the garments recently making headlines....   [tags: Water, Sewage treatment, Water pollution]

Better Essays
1144 words (3.3 pages)

What Is Supply Chain Management? Essay

- What is Supply Chain Management. This essay is about defining “what is supply chain management.” We will look into the different areas of a supply chain and the way they are managed. We will also study the way supply chains work on an international level. A supply chain is defined as the process that encompasses production from the raw materials all the way to the end customer. Supply chain management focuses on the overall flow and integrates the supply and demand management across the companies whom are involved in the specific supply chain, in order to deliver customer value at the lowest cost (Blanchard, 2010)....   [tags: Management, Supply chain management]

Better Essays
956 words (2.7 pages)

Zara Clothing Company Supply Chain Essay

- The following paper analyzes the supply chain strategies conducted by Zara, European based retail store, with the aid of “Zara Clothing Company Supply Chain,” a recent article that analyses Zara’s success through its supply chain. Further, it highlights the strengths and key practices that allow Zara to be able to have such a successful supply chain in regards to efficiency and responsiveness. “Zara Clothing Company Supply Chain” (2016) is a study conducted by SCM Globe, an online supply chain design and simulation tool....   [tags: Supply chain management, Supply chain]

Better Essays
928 words (2.7 pages)

Supply Of Supply Chain Management Essay

- Supply change management refers to managing materials and processes as they move from the suppliers of raw materials to manufacturers to wholesalers to retailers and finally to the customers. It involves managing the supply-side activities to gain competitive advantage and to increase customer value. It also involves coordination among different firms at different levels within the supply chain. A good supply chain management should be both economical and efficient. Supply chain management manages and controls the production, shipment or movement of products and their distribution processes....   [tags: Supply chain management, Supply chain, Inventory]

Better Essays
994 words (2.8 pages)

Essay on Le Supply Chain Management

- Continuous Improvement In present world, supply chain management plays an important role in businesses. In order to create efficient supply chain, the right approach is essential. This essay will explain Lean synchronization, one of the most popular supply chain philosophy, as the role of talent and technology, and four principles to success in continuous improvement. There are various ways to improve supply chain in the competitive environment. Lean synchronization is considered one of the best techniques....   [tags: Supply chain management, Supply chain, Management]

Better Essays
997 words (2.8 pages)

Case Study : A Supply Chain Essay

- A supply chain may be characterized as a coordinated procedure wherein various different business elements (i.e., suppliers, makers, wholesalers, and retailers) cooperate with an end goal to: (1) gain raw materials, (2) change over these raw materials into indicated complete items, and (3) convey these last items to retailers. This chain is generally portrayed by a forward stream of materials and a retrogressive stream of data. For a considerable length of time, scientists and professionals have basically researched the different procedures of the supply chain separately....   [tags: Supply chain management, Logistics, Management]

Better Essays
4940 words (14.1 pages)

Amazon 's Supply Chain Management Essay

- Amazon as an agent: In this model of supply chain, Amazon acts as an agent where it doesn’t own the product or even store the product in the warehouse. The suppliers can sell their products online through Amazon. In this model, the suppliers list their products online through Amazon and when a customer buys it, the product is directly shipped from the supplier to the customer. Amazon acts an agent and takes agents fee from the supplier. Product shipment Agent Summary of the two supply chains: The two supply chains of Walmart and Amazon are different from each other and are best at their own perspective....   [tags: Supply chain management, Logistics, Supply chain]

Better Essays
1054 words (3 pages)

E-Business And The Supply Chain Essay example

- E-Business and the Supply Chain Competition, global and domestic, shortened product life cycles, and today's economic conditions provide ongoing challenges for distributors of goods and services. Organizations that remain tied to the conventional supply chain processes find the increasing demands made by major consumers to be a trial because of the inaccuracies associated with forecasting the purchasing habits of those same customers. While distributors endeavor to enter into value-added supply-chain services such as collaborative planning and vendor-managed inventories some vendors oppose the efforts which in turn forces distributors to struggle with inadequately controlled inventory level...   [tags: Supply Chain Management SCM]

Better Essays
1738 words (5 pages)