Improving Healthcare Supply Chain Efficiency- Strategies for Maximizing Cost Savings
Healthcare supply chain management is a daunting task because of its complex and fragmented nature. Supply chain costs make up 25-30% of the operating costs in healthcare. Therefore, it is imperative that healthcare organisations optimise these costs to counter the rising healthcare expenses. Spend analytics, which is a systematic analysis of healthcare procurement data, offers valuable information about supply chain expenses. These insights help healthcare organisations assess the efficiency of their procurement programs, identify wasteful expenditures, assess the profitability of suppliers, and optimise purchasing practices.
