Sunday, October 4, 2020

Healthcare SCM

Hello everyone,

I am Sreelakshmi V, second year MBA student from Amrita School of Business. In this blog I would like to share some insights on healthcare supply chain management.



Healthcare supply chain management is the procurement and distribution of medical goods or products or services from the manufacturer to the patients. 

Healthcare supply chain management is very complex and fragmented process. It includes getting resources, management of supplies, delivering of goods and services to both the pharmacies and other providers. This is a very tedious process as it goes through various stakeholders like manufacturers, insurance companies, providers, hospitals, and other regulatory agencies. The supply chain management is very complex in healthcare due to various reasons like inadequate data, poor product standardization, increase in regulatory requirements, and lack of automation.

High efficiency in the above said area will help hospital and doctors to reduce cost to a larger extent. 

The complexity in healthcare supply chain management is due to the differences in interest of various stakeholders. The manufacturer want to produce high cost quality products whereas the hospital want to reduce the cost and buy affordable products. Patients also plays an important role here as some patients need customized products depending upon there health. 

The clinicians or physicians want there product on time, so they squirrel away their own supplies. Also the waiting time is another important cost in healthcare supply chain management. 

Supply chain automation plays an important role here which helps to achieve more efficient supply chain process. This will helps them in various things like streamline inventory, reducing labor costs, enabling timely decision etc. Automation and data analytics play a vital role in efficient management of healthcare supply chain management. Close attention is one way to effectively implement cost reducing strategies automation plays an important role here. Also latest technology products will also increase return on investment.

Thank you for reading.

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