A reliable and robust supply chain is the lifeline of the healthcare sector. It ensures that the health of this essential industry remains healthy by ensuring that medical equipment, medical supplies and medicines reach the retailer or patient without problems. After the incredible challenges of a pandemic-affected year, in which many hospitals and health systems experienced significant revenue losses, it is no wonder that supply chain processes are top of mind for many hospital and health system management teams. The core activities of healthcare supply chain management include monitoring and supporting the flow of medicines, medical supplies and equipment, and medical services from manufacturer to patient.
Gartner provides trusted insight and objective advice to help its 2,500 leading supply chain clients accelerate their performance. Hospitals found themselves with supplies of personal protective equipment (PPE) and durable medical equipment (DME) either severely depleted or completely out of stock, and they struggled to get more. Because supply chain objectives are not always aligned within an organisation, the healthcare supply chain management process can be inefficient and fragmented. Another useful technology for healthcare supply chain management is multi-enterprise work management software.
It is clear that hospitals and health systems can do much to take control of their supply chain management destinies. Almost overnight, the COVID-19 pandemic brought long-standing supply chain challenges into the spotlight, highlighting the need for greater efficiency and resilience across the healthcare sector. The challenges that COVID-19 has posed to the healthcare supply chain are causing the sector to pause, take stock and transform. TraceLink's multi-enterprise work management software helps organisations drive co-innovation and create patient-centric supply chain networks.
It aims to increase visibility and efficiency across the healthcare supply chain and improve its agility and responsiveness. The second type, so-called "best-of-breed healthcare inventory and supply chain solutions", are typically more affordable and incorporate deeper industry knowledge, thus offering flexible, healthcare-oriented solutions. To fully embrace micro-analytics, healthcare supply chain professionals must consider the trade-offs related to service value, capital intensity and total end-to-end costs. In the next section, I will briefly discuss how the study of industrial systems has evolved from individual unit processes to considerations of the complex interactions between many different components of an industrial supply chain.
It has often been observed that most of the significant new opportunities, both for cost reduction and for the generation of new products and services, have been based on understanding the interactions between different sub-systems, or different actors, operating in the supply chain. As organisations seek to standardise purchasing, patient outcomes must be evaluated in terms of the specific supplies used, especially when multiple options are available.