FREE eNewsletters

5 Keys to Overcoming Barriers that Limit Supply Chain Expense Savings

By Danielle Miller | November 24, 2020 | 0 Comments

Saving money is as much an art and science as logistics, inventory, or risk management. In fact, it requires a set of core beliefs, system thinking, and a smidgen of behavioral science if you are to be truly successful in reducing your supply chain expenses. Most supply chain professionals believe saving on their expenses is […]

3 Things You Must Know About Your GPO’s Price Savings to Make Them Stick

By Danielle Miller | November 17, 2020 | 0 Comments

Over the last few decades, GPOs have been the driving force on price and standardization savings for healthcare organizations. However, as Isaac Newton’s third law states, “With every action there is a reaction.” The reaction or result of taking your GPO’s price and standardization at face value is that you are missing three things you […]

3 Ways the Supply Savings Triangle Can Enhance Your Overall Savings Strategies

By Robert Yokl | November 10, 2020 | 0 Comments

I have often written about the Supply Savings Triangle (or a combination of price, standardization, and utilization tools, techniques, and tactics) as the ultimate savings strategy for any and all supply chain organizations. You might call it the triple header of supply chain expense management. As a reminder, here are three ways the Supply Savings […]

The Ugly Truth About Healthcare Supply Chain Price Maturity

By Robert Yokl | November 3, 2020 | 0 Comments

Due to the growing maturity of group purchasing and custom contracting in the healthcare industry, hospitals, systems, and IDNs have already achieved a significant amount of savings in their pricing and standardization. However, these savings are starting to be constrained because of the law of diminishing returns. In fact, SVAH’s studies show that the overall […]

Podcast 59 – 5 Ways to Strengthen Your Supply Chain Expense Management Almost Overnight

By Robert Yokl | November 2, 2020 | 0 Comments

Every supply chain professional is looking for that magic bullet to squeeze a few more dollars out of their supply chain expenses this fiscal year. However, let me tell you a secret I have learned in my long supply chain career about saving money. There are no magic bullets; just proven strategies, tactics, and techniques […]

5 Ways to Strengthen Your Supply Chain Expense Management Almost Overnight

By Robert Yokl | October 27, 2020 | 0 Comments

Every supply chain professional is looking for that magic bullet to squeeze a few more dollars out of their supply chain expenses this fiscal year. However, let me tell you a secret I have learned in my long supply chain career about saving money. There are no magic bullets; just proven strategies, tactics, and techniques […]

What Everyone Should Know About Supply Savings Validation

By Robert Yokl | October 20, 2020 | 0 Comments

Healthcare supply chain and value analysis professionals are estimating projected and promised savings on their price, standardization, and value analysis projects. Yet, an estimate or promise of savings in today’s economic downturn isn’t good enough for the following strategic reasons: 1. Make Certain that Savings Budgeted by Finance are Validated: It is our estimate that […]

5 Things You Should Do To Optimize Your Supply Chain Expense Savings This Fiscal Year

By Robert Yokl | October 13, 2020 | 0 Comments

All healthcare organizations are scrambling to optimize their supply chain expense savings this fiscal year to fill the gaps in their budgets due to the effects of the pandemic. However, rather than just cut 5% to 8% indiscriminately across the board, progressive supply chain leaders are doing these five things to optimize their supply chain […]

6 Components You Should Include in Your Lifecycle Cost Analysis

By Robert Yokl | October 6, 2020 | 0 Comments

Lifecycle cost management (or how much money you spend over the life) of the products, services, and technologies you are buying is the ultimate cost optimization strategy vs. just focusing on price and standardization of these same commodities. The classic definition of lifecycle cost is, “The sum of the purchase price plus the subsequent costs […]

4 Things You Must Do to Be Successful in Clinical Supply Utilization Benchmarking

By Robert Yokl | September 29, 2020 | 0 Comments

Clinical supply utilization benchmarking (sample shown in figure 1) is new to many supply chain professionals but is the fastest and surest way we have found to compare clinical supply utilization best practices between peer healthcare organizations. However, to be truly successful in clinical supply utilization benchmarking you must do these four things: Figure 1 […]

Want to learn more?

Check out these articles below