Supply Chain Tip of the Week: 3 key components of a contingency stock plan

The ongoing COVID-19 pandemic and supply challenges have shown the need for contingency stock plans that allow you to continue delivering quality patient care while navigating inventory crises. This involves the three following components:

  1. Determine your most important supplies for contingency stock scenarios
  2. Locate sufficient space for your facility’s supplies
  3. Get the right support for your logistical needs. 

To assist with contingency stock planning, Cardinal Health launched Strategic Stock Solution, a solution to optimize time and space for your directly sourced products that gets to the right points of care at the right time. Strategic Stock Solution has increased customers’ supply chain resiliency, efficiency, and proactive supply chain visibility. It also has prepared customers for the ongoing manufacturer backorders and manufacturer product allocations the healthcare industry continues to face.

View our infographic for more information on contingency stock planning and learn more about what Cardinal Health’s Strategic Stock Solution can do for your facility here.

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