Creating an Agile Supply Chain Through HRO Inventory Management

Content Areas: Strategic Planning | Tags: Change Management, Cost Management, CQO, Inventory Management | Formats: Event
Member Price: Free | Non-Member Price: $49 | CPE Credit: 1.0

High Reliability Organization (HRO) principles extend beyond the clinical setting to standardize health care processes through the de-stigmatization of failures, finding the true root cause of issues, a keen sensitivity to operations and a commitment to resilience and a regard for expertise. Working through each of the principles can lead a supply chain department to new processes and improvements that spread throughout the organization.

In this webinar, we will discuss NYU Langone supply chain’s driving force of transformation, starting with HRO education and concept training, to action-oriented committees and project specific development, planning and implementation. With new facility construction, industry-wide product shortages and changing regulatory dynamics, NYU Langone Health’s supply chain department adopted the High Reliability Organization (HRO) principles, and took a prominent transformational lead to support clinical needs and drive quality patient outcomes.

As an overall result of their solution to help monitor inventory in a real time active environment, NYU Langone Health has seen vast operational improvements, has access to in-depth reporting (enabling them to take a more analytical and holistic view of inventory) and is able to forecast risk. Significant savings and increased performance improvement among the workforce has been tracked with the HRO mindset, and more time is available to proactively concentrate on par level monitoring, expiration management, inventory turns and reducing/eliminating stock outs.

This webinar is presented courtesy of AHRMM CQO sponsor Acurity & Nexera

Learning Objectives

  • Describe what it means and what it takes to be a high reliability organization.
  • Apply organizational change management techniques within inventory management.
  • Explain how a technology-based approach should be used to optimize a strategic approach to inventory management.

How this Session Relates to the Cost, Quality, and Outcomes (CQO) Movement: Through the use of technology and a high-reliability model, NYU Langone Health has increased its ability to accurately assess inventory management and overall supply chain patterns. By doing so, costs have decreased and needed products are available to support clinical needs (supporting quality patient outcomes).

Presenter: Kenneth Scher, CMRP, Senior Manager, Nexera, Inc.

Presenter: Mark Negron , Senior Director Supply Chain Integration, Transformation & Data Analytics, NYU Langone Health

Presenter: Vin Matozzo, MBA, LSSBB, Senior Director Strategic Sourcing | Value Analysis , NYU Langone Health