The Pros And Cons Of Supply Chain Management

Superior Essays
can create another unknown. A solution for the problem is that, pharmaceutical companies can learn from their previous product and make necessary adjustment to the life cycle of the product. These companies can invest technology that will shorten life cycle by creating new distribution channels. Hospitals can take an initiative by controlling the pricing of the products set forth by pharmaceutical companies. Other issues that rises up the lack of predictability for the demand for medicine. Some clinician’s preferences can create more uncertainties. In my experience most if supply chain managers are not educated. These positions to my knowledge are filled by former healthcare employees without a background in a business. These managers are …show more content…
RFID is a software system that keeps track of confidential information being dispersed throughout the hospital and satellite centers. For example, this software allows transfer of data from our satellite hospital from California to Philadelphia. Traditional PACS system can take up to days before patient information is transferred. RFID is self-operated, it learns and adapts accordingly and no need of human intervention. According to technical staff of RFID at my hospital, the software can be reprogrammed, adjusted and tweaked as per needed. RFID offer accurate and real time data and ability to track various information and data throughout the organization. Customized product for patients and proper investment in can reduce the healthcare organization expenses. If not, a lot of money can is going to be wasted on unnecessary equipment’s and features. Hospitals usually purchase products with features that are not required medically or legally. They also have to careful that do purchase few or wrong components. Some Healthcare institutions bloat about their budgets with expensive products and services. These organizations need find strategies to lower costs or alternatives to meet customer’s requirement. All new technology needs to be closely monitored for the first three to five months. This is done to make sure the equipment is meeting specifications and expectations. Old technology needs to …show more content…
Hoarding of supplies by nurses on duty to make sure they do not run out. Take that picture and magnify ten thousands time you will get a warehouse of thousands of unnecessary supplies with no purpose. Maintaining excessive inventory is a chronic disease within healthcare industry. There are alternatives to achieving proper availability of inventory, rather than dealing with unnecessary costs of stockpile products. It begins with the creation of proper tracking of products, from every supply chain within the hospital. Proper data is required before reordering new supplies, this provides visibility on which products were used and which were not. Lastly the organization needs to build an effective warehousing and transportation framework that will quickly operate on the collected data. Proper inventory management requires effective inventory, ability to deliver products quickly to patients and most importantly delivering products safely and cost

Related Documents

  • Improved Essays

    (2009), most telemedicine systems are now equipped with software that allows hospitals to securely build an electronic patient…

    • 1628 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    Hs515 Assignment 1

    • 1933 Words
    • 8 Pages

    1- Answer The EHR, CPOE, e-damage, telemedicine, and numerous other clinical applications all influence the ways suppliers convey consideration to or correspond with patients, and they all go up against the same boundaries obstructing their far reaching appropriation and use. Hierarchical and behavioral hindrances identify with supplier use and acknowledgment of such frameworks and the work process challenges connected with the presentation of new innovation. Notwithstanding the money related boundaries, numerous behavioral or hierarchical…

    • 1933 Words
    • 8 Pages
    Improved Essays
  • Superior Essays

    Pocahontas Memorial Expansion Pocahontas County Healthcare Background Pocahontas County is lacking a complete healthcare system. This county has one hospital facility which includes 25 critical access beds. This facility also houses the community clinic for laboratory tests, and x-ray services. Because of the rural status and the lack of a continuum of care for the community, Pocahontas Memorial Hospital is considering creating a comprehensive satellite health clinic. This clinic would be located closer to the community in Marlinton, WV.…

    • 1648 Words
    • 7 Pages
    Superior Essays
  • Improved Essays

    Electronic Medical Records (EMR) has facilitated the collection of data for big and small healthcare companies. However, smaller healthcare centers have a slower ratio of EMR adoption. Smaller companies have a higher grade of difficulty when it comes to adoption do to lack of infrastructure, lack of IT equipment, and/or lack of support staff. The adoption of EMR facilitates the collection of specific diseases, which have laid the foundation for “Pay-for-Performance” (Tan & Payton, 2010). Pay-for-Performance (P4P) is a healthcare payment system for medical practitioners that get paid for the quality of services they provide.…

    • 397 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    INTRODUCTION: There has been a significant rise of Internet based information, developments in communication and technology. A dedicated SCM can be framed with these advancements in order to face the strategic and operational objectives of a company. It is estimated that one in six firms had reshored its manufacturing to UK from other countries. The concept of Supply chain is to integrate the end to end operations of a business, managing the sources, flow of materials considering a total systems perspective among multiple functions and suppliers.…

    • 731 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    SUSTAINABLE SUPPLY CHAIN MANAGEMENT PRINCIPLES From working personally with the Woolworths company I was able to see how and why inventory was transferred from suppliers to stores. The Woolworths company uses a very simple inventory management system. As a supermarket, having the adequate number of stock in stores at all times is pivotal in keeping customers satisfied after every shop at a Woolworths store. In order to achieve this goal, Woolworths supermarkets use an electronic inventory management system that sends alerts to the specific warehouse when stock is low or is expected to run out.…

    • 1424 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    The only technological aspect they provide is an alerting system and a regular dispensing process. Also, some models only allow medication to be dispensed on doctors orders. This type of technology means that patients would need a passcode to access the medication. However, a patient's health can be endangered if they are not able to remember a passcode. With most of these models, everything has to be set up with a doctor or caregiver, since the system is too complicated.…

    • 1493 Words
    • 6 Pages
    Improved Essays
  • Great Essays

    The Care Continuum

    • 1096 Words
    • 5 Pages

    Technology Across the Care Continuum “Continuum of Care is a concept involving a system that guides and tracks patients over time through a comprehensive array of health services spanning all levels and intensity of care.” (HIMSS Committees, n.d.). The continuum of care includes all levels of care during a person’s lifetime. The type of setting may include primary care doctor inpatient or outpatient. Technology Across the Care Continuum…

    • 1096 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    One of the main benefits of having an electronic medical record is that it can reduce the number of medical errors. According to a study conducted for adverse events occurring in hospitals, at least 44,000 and as many as 98,000 deaths have occurred annually because of medical errors (Sultz & Young, p 89). The implementation of EMR can reduce significant mistakes, by utilizing computerized prescription entry, predicting drug interactions and displaying a warning for the health-care provider, assisting clinicians in reconciling patient medications, and most important, maintaining a detailed and legible medical record. The electronic medical record (EMR) facilitates information accessibility and communication among many specialty facilities (Advancing…

    • 852 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The impact of increased government involvement has required healthcare providers to alter their business practices. They must have a clear vision of the future and develop strong strategic planning methods to ensure practicability in the new healthcare marketplaces. Healthcare organizations must continually evaluate the healthcare markets, their labor costs, and present infrastructure to ensure soundness of their business plan. This also has caused hospitals, medical practices, physicians, and other healthcare businesses to merge and unite to stay viable in healthcare marketplaces.…

    • 1084 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    1. Executive Summary Listed on the Hong Kong stock exchange since 1992, Li & Fung (“LF”) is a Hong Kong based company established more than 100 years ago by Fung Pak-Lui and his partner Li To-Ming. LF provides a holistic supply chain management and value addition at each level of supply chain at a global level (see Appendix A). In its earlier life, LF did not owned any of the boxes of the supply chain.…

    • 2795 Words
    • 12 Pages
    Great Essays
  • Superior Essays

    Nursing Practice Issue Inadequate staffing can be the downfall for any organization and when inadequate staffing effects the healthcare field, the ramifications can affect patients and the nurses caring for them with negative ramifications. Nurses face dilemmas such as patient safety, patient satisfaction, nurse burnout, as well as a decrease in job satisfaction. These dilemmas can be attributed to inadequate staffing of facilities.…

    • 990 Words
    • 4 Pages
    Superior Essays
  • Improved Essays

    The Importance Of Supply Chain Management

    • 888 Words
    • 4 Pages
    • 4 Works Cited

    Short distance can take the route of trucking, packaging and a great example of this is Wal-Mart "hub and spoke" system where the hub was the distribution centers and the "spoke" was the local stores. Same way Wal-Mart revolutionized the supply chain system, Amazon's futuristic drone delivery is looking very promising. The long distance shipment takes the route of railroad, air, package water, and pipeline. The rail is used for long distance, bulk items, and slower process compared to trucking. Trucking is for getting from point A to B to point C.…

    • 888 Words
    • 4 Pages
    • 4 Works Cited
    Improved Essays
  • Improved Essays

    The core of the pharmaceutical industry problems consists of the expiration of patents, rising R&D expenses, and uncertainties facing new researched products and their abnormal methods of circulation of returns from said product. As rooted in the topic of this case AstraZeneca upholds the gold of innovatively changing the way medicine reaches patients. When patents are first granted there are procedures that followed before a drug reaches the marketplace. Due to the extended timeframe that is required for clinical trials, studies and organizational processes to tested and developed the revenue phase of the drug decreases (Hitt, Ireland, & Hoskisson, 2015). More specifically after the developed drug is ready for sale the patent remaining on these products are near expiration.…

    • 703 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    HBR CASE STUDY Excel-Pls supply chain management at Haus Mart 1. How is value added in supply chain management through better planning versus better execution? Ans. Supply chain management as we have learnt in this course is managing the movement of goods and services. It involves the storage and flow raw materials, inventory of work in process as well as finished goods from their point of origin to their point of consumption or use.…

    • 1315 Words
    • 6 Pages
    Improved Essays