IMPORTANCE OF SUPPLY CHAIN MANAGEMENT IN HOSPITAL ADMINSTRATORS SUCCESS

WHAT IS HEALTHCARE SUPPLY CHAIN MANAGEMENT HEALTHCARE SCM IS THE REGULATION OF THE FLOW OF MEDICAL GOODS AND SERVICES FROM MANUFACTURER TO POINT OF CARE

BUYING Vs SCM Buying is a process adopted to acquire a product which includes contracting, receiving and stocking.

. Whereas supply chain is much wider network which encompasses entire value chain of the product starting from raw material aggregator till care providers including transportation, ware housing, intermediaries and a junior clerk at the desk.

. Buying is a sub-part of supply chain management It encompasses both upstream and downstream links It has a significant strategic content

GOAL OF SCM SUPERIOR CLINICAL OUTCOME HIGHER PATIENT SATISFACTION BETTER FINANCIAL PERFORMANCE - HIGHER REVENUE - BIGGER SAVINGS

COMPONENTS OF SUPERIOR SCM ACCURATE MASTER DATA MANAGEMENT BETTER SEGMENTATION OF PRODUCTS ALIGNING INTERNAL STAKE HOLDERS ACCURATE DATA CAPTURE AND INFORMATION FLOW COLLABORATION WITH EXTERNAL STAKE HOLDERS

BARRIERS MISALIGNED PRIORITIES OF DIFFERENT STAKE HOLDERS INACCURATE OR/AND INCOMPLETE DATA CAPTURE CONTRACT ADHERENCE FRAGMENTED INDUSTRY – MANAGING MULTIPLE VENDORS MANUAL/INCONGROUS PROCESSES – HENCE LATENCY UNRELIABLE VENDORS