Knowledge Center

Healthcare expenses continue to rise and yet hospitals are realizing consistently shrinking margins. Healthcare supply costs are typically the second largest expense to a hospital and must be managed in a manner that ensures providers have access to quality products but also with an emphasis on cost awareness and expense reduction strategies. Healthcare supply chains must leverage their data in order to make better business decisions to reduce costs and increase operational efficiencies through the use of business analytics.

Tremendous value can be achieved by investing Supply Chain Management (SCM) resources into shared services where optimizing the supply chain is not normally a top priority. This paper will discuss an example where SCM partnered with the Nutrition and Food Services (NFS) department within a medical center.