RESEARCH THERAPY
NAVIGATING THE CHANGING LANDSCAPE OF HEALTHCARE PROCUREMENT
PRESENTED BY
The supply chain and procurement function oversees most of a health system’ s external spend, including non-labour spend, medical supplies, and other utilities. This accounts for up to 40 percent of the organisation’ s total costs. Leaders increasingly acknowledge supply chain and procurement’ s central role in driving efficiency for their organisations. They also look to procurement as a way to build resilience to weather market volatility, economic downturns, supply chain issues, and other disruptive forces.
Healthcare procurement challenges
Selection and Pricing
When the economy experiences a downturn and cost-cutting becomes the highest priority, access to a wide selection of products with competitive pricing and high quality is integral to both survival and growth.
Purchasing Operations
Traditional sourcing tactics, with notoriously slow and tedious processes, tend to decelerate operations and frustrate staff.
Spend Visibility
Rising purchases outside of existing supply chain management systems make it difficult to manage policy adherence and track spend.
Balancing the purchasing landscape in healthcare
Healthcare leaders must increasingly balance the need for sourcing speed with visibility on buying behaviour and spend management.
To prosper in the face of uncertainty, organisations must adopt more agile supply chain operations that make buying easy while optimising costs.
Here are three ways procurement leaders can accelerate change, strengthen supply chain resilience, and drive organisational value:
1. Extend your supply network with competitive pricing
2. Automate purchasing while maintaining spend control
3. Make better data-driven decisions and guide buying. �
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