MONITOR AND OPTIMIZE
If Excellence is Your Top Priority
Then you need to know where you stand to have a healthy supply chain operation.
It is mission critical for supply chain professionals to continuously monitor and optimize their supply chain operations.
SUCCESSFUL SUPPLY CHAIN OPERATION
Reach for the Stars
We offer the following sample KPIs & metrics for all sizes of hospitals, systems, and IDNs:
- Inventory turns
- Supply expenses
- Cost per supply categories
- Departmental cost per category
- Spend control
- Warehouse cost
- Fill rate
- Inventory days on hand
- Customized KPIs & metrics
5 Ways KPIs Can Make Your Healthcare Supply Chain Operations Better Than Just Good
Recently Published Article
By Robert T. Yokl, President and CEO, SVAH Solutions
Most of us assume that our supply chain functions are doing okay until we hear from a customer, our CEO, COO, or CFO that something just isn’t right with our labor or non-labor expenses or our supply chain department’s operational performance. I remember this happening to a supply chain vice president who was touting to his CFO that he had the best IV set prices in the region, only to hear three months later from his CFO that his IDN’s IV set and solutions cost was higher than before they signed a new IV set and solutions contract. If only this VP had key performance indicators (KPIs) to give him a heads up that this was occurring, he could have avoided this embarrassing situation. This is just one of the following five ways that KPIs can make your healthcare supply chain operations better than just good:
WHY WE DO IT
Why Does Benchmarking Work?
- Benchmarking is founded on accounting principles
- Cost divided by operating metric equals cost per metric
- Compare the metric to the best practice metric
- The difference will show whether you are good, bad, or best practice level
- You can ascertain savings or bottom line improvement quickly
CONTINUOUS IMPROVEMENT
Benchmarking is Not a One Time Event
Benchmarking one time will show great benefit but ongoing benchmarking will help you capture the always moving target once and for all
CONTACT VALUEKPI BELOW FOR A NO COST NO OBLIGATION SOLUTIONS REVIEW