All Entries in the "savingsblog" Category
Does Your Hospital’s Culture Matter in Cost Management?
Something that you might not realize if you have only worked at one, two or three hospitals, systems or IDNs in your supply chain career: All hospitals, systems or IDNs have a different culture or shared beliefs, values, customs, practices and social behavior that guide their actions. Having worked with more than 496 hospitals, [...]
Building your Hospital’s Supply Chain Infrastructure to Save Big in 2012
As you know, it takes a solid foundation to build a strong and lasting building or structure like the Taj Mahal in India, Eiffel Tower in Paris or the Chrysler building in New York. What you might not be aware of is that it takes the same unique architecture, perseverance and creativity when you are [...]
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 [...]
Protect one of the most Vulnerable Assets of Your Hospital’s Supply Chain
When I was told by an inventory specialist a few months back that a hospital’s inventory assets can have a value, on any given year, of up to 28% of a hospital’s total supply spend it took me by surprise. I always knew that a hospital’s inventories where a valuable asset, but I never [...]
3 New Rules = New Opportunities for Hospital Value Analysis Team(s) Peak Performance
My staff spends a good portion of their time with hands-on training, coaching and facilitation of our client’s value analysis teams. In doing so, we have learned that by applying three new rules to the value analysis process, it immediately opens up new opportunities for hospital value analysis team(s) peak performance. So if you want [...]
Planning to Win in the Hospital Supply Chain Game
I always find the job of planning to be boring, while at the same time stimulating and thought provoking because it forces you and me to think long-term about our challenges and opportunities one, two, three or even five years out. I do this exercise every year around the holidays, for the last 25 years [...]
Three Proven Tips and Tricks to Lowering your Hospital’s Purchase Service Contract Cost
I’m hearing more and more chatter in hospital supply chain circles that purchase service contracts are becoming more of a priority to reduce hospital, system and IDNs’ operating expenses. While this is a good thing, I’m also hearing that many supply chain professionals don’t know where to get started when venturing into this new found [...]
How to Best Utilize Your Hospital’s Limited Supply Chain Resources
I don’t think there is a hospital, system or IDN supply chain department that believes that they have all of the time, money or resources to do everything that they want to do to lower their cost and improve their operations. With this in mind, I would like to suggest three ways to expand your [...]
How Data Driven Logic Can Make Cost Reductions Happen
How Using Data-Driven Logic-Based Strategies Can Give You The Focus You Need On Your Customers To Make Savings Happen! Uncovering Savings Opportunities In The 21st Century Requires You To Use Predictive Analytics (data mining) To Understand Your Customer’s Behavior – then modify them. In the 20th century supply chain professionals were fixated on price savings to reduce the [...]
What’s Working in Hospital Supply Expense Management
We are often asked what's working in hospital supply expense management that can make a big difference in people, performance and projects that will quickly yield big dividends. Our answer is usually the following three supply expense optimizers:
