Parkview Health, a 10-hospital system based in Fort Wayne, Ind., won the Top Supply Chain Projects Award from Supply & Demand Chain Executive for synchronizing its pharmacy and supply chain processes.
The system reorganized and simplified its pharmacy supply chain by co-designing an "integrated procurement and inventory management system," according to a news release from supply chain technology company Tecsys, which partners with Parkview and is a joint winner of the award.
Before implementing the award-winning strategy, "lack of visibility and control resulted in frequent overordering, excess inventory and returns, potential overpayments to wholesalers and suppliers, and a massive amount of non value-added work for the pharmacy team," according to a case study Tecsys compiled about the Parkview project.