The 26 Cent Solution
Did you know that if you change hundreds of wasteful things you are doing right now in your supply chain that you could reduce your total supply expenditures by as much as .26 cents on every dollar you are spending? Compare this to 1, 2 or 3 cents you are now savings on price.
As a client of mine told me last week, “Today’s savings are NOT about Price; rising cost must be offset by other strategies”. I’m finding that more and more supply chain professionals are agreeing with this statement, but aren’t acting on it as aggressively as they could or should in this (price is always going up) economy. The few trail blazers that have embraced this concept have however saved millions in less than one year – beyond price.
I just read about a major teaching hospital that saved $14 million by completely changing their culture about how things are done at their hospital by making systematic change happen permanently. For instance, they saved $147,000 when they found that all of their towels were being de-linted, instead of just their operating room towels. $100,000 was cut from their telecommunications budget by auditing the use of all of their phones in their building. They saved $87,000 by reducing the frequency of the trash pickups when they found that their dumpsters weren’t full when they were picked up three times a week. And a whopping $400,000 was saved by turning off computers and lights at nights in all their facilities.
That’s just a few real life examples of what any and all healthcare organizations can save when you change the things that you are doing without affecting your patient care at all. It’s really painless, productive and easier than you would think to do so, if you decide to commit to “The 26 Cent Solution” at your healthcare organization.
Your Partner In Savings Beyond Price™,
Bob Yokl
Robert T Yokl
Chief Value Strategist
Strategic Value Analysis® In Healthcare
800-220-4274
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P.S. You wouldn’t believe the huge response we are getting on our Utilizer™ Dashboard. Almost everyone that has seen the Utilizer™ has been blown away with how easy it is to use and the savings that it can generate for them. Our Clients especially like the idea that we do all of the heavy lifting and you get all the savings. Isn’t it time you take a TEST DRIVE too?
P.P.S. Don’t forget to check out my new blog article “When Does Something Become a NO-Brainer?” This blog is all about nothing good happens unless you are willing to experiment – experiment – experiment.
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