Why more health systems are rethinking inventory management


This year, healthcare supply chain leaders are keeping a close eye on issues like geopolitical concerns, inflation, technology developments and cybersecurity threats.

Although pandemic stressors are mostly in the rearview mirror, many hospitals and health systems now have a new perspective about inventory and how much stock they want to hold. They recognize the importance of managing their supply chains effectively — in both the short and long term.

This whitepaper outlines how organizations are using technology, data and analytics to achieve the following benefits:
 
  • Decrease inventory values by 40%+
  • Reduce waste by 63% and expiration by 54% over the industry average
  • Achieve cost savings of $300K+ per department
  • Increase nurse and physician satisfaction
 

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