As the healthcare industry remains a dynamic environment, many health systems will likely be looking for opportunities for any additional cost savings.
There are several long-term changes facilities can undergo in order to see significant cost savings, such as implementing a logical unit of measure system, leveraging an inventory management technology, or maximizing freight management. However, these may not be practical or feasible in the short term. But looking within your current supply chain model may uncover some hidden inefficiencies. Here is one tip to improve efficiency within your inventory management process.
Encourage staff cycle counting on high turn items. Make sure everyone on your staff is held accountable for proper demand planning of key products. Identify key high turn items and encourage regular cycle counting to quickly determine where inventory management issues can occur. This can potentially identify the root cause of inventory issues and help better predict future demand.
With improved demand planning and inventory management, your health system can increase overall efficiency and prevent possible supply challenges. For more tips on supply chain inventory management visit our Supply Chain Center page.