All Entries in the "Benchmarking" Category
#1 Best Healthcare Supply Benchmarking Process Technique
The classic benchmarking process has 10-steps (i.e., Identify what is to be benchmarked to recalibrate benchmarks), but we have discovered that the #1 best healthcare supply benchmarking process technique (or gap analysis) is a “site visit” to determine what your peers are doing differently that is producing superior performance in the category you are investigating. [...]
Why You Should Benchmark What Other Industries Are Doing!
I was just reading a brochure on seminars and workshops being offered by the Institute for Supply Management (the largest supply chain association in the world) to gage what’s hot in the global supply chain world. Of note, some of the hundreds of seminars and workshops being offered by ISM that could and should relate [...]
How Your Hospital Supply Chain Can Search out Even Better Savings Ideas!
Most of us in hospital supply chain management look to other hospitals for even better savings ideas. Yet, this should just be the starting point for you to scan the worldwide marketplace to improve your innovation. Meaning, to be truly innovative you will need to search across all industries to glean the best-of-the-best savings ideas. [...]
Institutionalizing Benchmarking to Improve Your Cost Management Performance
Hospital Supply Chain Benchmarking as an art and science hit its peak in the 80s when Robert C. Camp published his book “Benchmarking: The Search for Industry Best Practices That Lead To Superior Performance”. Camp explained in simple terms that benchmarking is the “process of consistently researching for new ideas for methods, practices, and processes, [...]
Drive Your Hospital’s Supply Expense Savings Even Higher without Leaving Your Desk
Some of the most significant supply expense savings opportunities are within your grasp if you employ the time-tested tenets of benchmarking, which every supply chain professional knows about and talks about, but very few do it effectively. The best part about benchmarking is that you can drive your hospital’s supply expense savings even higher without [...]
Setting Priorities, Measuring, Benchmarking and Excelling
You might question what these four distinct things (setting priorities, measuring, benchmarking and excelling) have in common? The answer is that they are the three key ingredients and the one essential outcome in your search for excellence in healthcare supply chain management. If applied consistently and vigorously, they can ensure that your supply chain operations [...]
Are you Keeping Score with Actionable Key Performance Indicators?
We found, 10 years ago that it was impossible for us to keep our finger on the pulse of everything that was happening in our client’s supply chain expenses unless we changed how we were keeping score. It was like counting the windows on a train as it passed by at 80 miles an hour. [...]
Do You Have a Reliable Saving Ideas Pipeline?
I know that most value analysis teams get off to a flying start with a lot of good ideas to save money, and then they “hit a wall” after a few months because they don’t have a pipeline of new saving ideas to fall back on to fuel their savings fire. To help you avoid [...]
Actionable Hospital Supply Metrics Will Make Change Happen!
We all deal with metrics everyday (statistics that measure or quantify our data), but is this information ACTIONABLE? For example, most hospitals use the metric supply cost/net revenues to compare their hospital’s supply chain performance to their peers to see how their hospital fits into a regional or national norm, but what does this information [...]
Hospital Supply Chain Utilization Revolution
Healthcare Supply Utilization Revolution Become a Savings Magnet Read this book and in a few weeks save more money than you have in years. Sounds unbelievable? Robert T. Yokl and Robert W. Yokl, healthcare’s leading authorities in Supply Utilization Management, [...]
