Limiting costs, disruptions of medical procurement

by | Mar 7, 2013

As medical facilities seek to implement the most cost effective and consistent strategies, they often need to alter their purchasing methods to ensure they don’t run low on supplies, have to ration equipment or fail to have the life-saving resources a patient needs in stock. In doing so, they not only ensure they will have supplies on hand when necessary, they may also find opportunities for cost savings and more efficient strategies.

When organizations review their sourcing policies, they may find a large amount of waste in regard to finances, resources and time. However, they can choose to turn things around fairly easily by reworking their procurement techniques. Strategic sourcing, especially across multiple organizations, can help medical facilities access the proper quantity of supplies they need while also helping cut expenses, and it can also sometimes limit the amount of time resources spend in transit.

However, addressing sourcing concerns isn’t the only way the medical procurement process can be more cost effective and function properly. Those responsible for purchasing, facility supply chains or sourcing may find it beneficial to work with the professionals who use such equipment on a daily basis or review documents listing the quantity of procedures performed and what tools were necessary to complete them. Medical experts may be able to shed valuable insight on what products are used frequently, which supplies can be purchased in limited quantities and offer suggestions on alternative uses for surplus goods that can save an organization valuable resources.

Some facilities may also find it more cost-effective to implement sustainability initiatives. By working with suppliers that choose to use less costly renewable energy sources, as opposed to more expensive natural gas or coal, firms can sometimes benefit. Some organizations may find their costs for materials goes down, as their suppliers no longer need to build the cost of transportation or more expensive materials into the final price.

From: Strategic Sourceror

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