Closing the Gap: What Can Health Care Learn from Retail

Description:

Health care costs continue to rise at an alarming rate, growing well ahead of inflation. In order to explore opportunities to improve the efficiency and reduce costs, a gap analysis that compares the differences between healthcare and retail was conducted at the Center for Innovation in Healthcare Logistics (CIHL).

In this webinar, we compare and contrast the education and training practices for supply chain professionals in each sector, the use of Collaborative Planning Forecasting and Replenishment (CPFR), and the use of actual usage data at the last leg of the supply chain as a means to enhance automated inventory control strategies.

Learning Objectives:

• Recall some of the key differences in supply chain best practices between health care and retail and gain an understanding as to the degree to which each practice is utilized in the health care sector.
• Gain an understanding of the barriers associated with implementing some the retail best practices in the health care sector and the potential impacts that their implementation may have on the health care supply chain.
• Develop an appreciation of where your organization stands with regard to the use of these practices and learn strategies for how to improve their effectiveness in your organization.

Presenters:

• Edward Pohl, CMRP — Professor of Industrial Engineering, Director of the Center for Innovation in Healthcare Logistics, University of Arkansas
• Heather Nachtmann — Associate Professor, University of Arkansas
• Manuel Rossetti — Professor, University of Arkansas
• Vijith Varghese — Postdoctoral Fellow, Center for Innovation in Healthcare Logistics, University of Arkansas