What is supply chain resiliency?
The topic of supply chain resiliency is gaining lots of traction in the healthcare industry. But do you know what it is, and why it’s so important?
According to SAP, “A resilient supply chain is defined by its capacity for resistance and recovery. That means having the capability to mitigate most supply chain disruptions and greatly limit the impact of those that occur. Operational risk and interruption can threaten multiple areas of the supply chain. Worldwide disasters, as we’ve seen with COVID-19, can have a far-reaching, global impact upon supply chain logistics, suppliers, and workforces. Other supply chain disruptions can come in the form of unexpected competition, sudden market trends, or even rapid changes in customer shopping behaviors.”
Supply chain disruptions can negatively impact patient care.
If the COVID-19 pandemic taught us anything, it’s that interruptions to the supply chain can happen anytime, anywhere, and with little-to-no advance notice.
How a health system manages those interruptions, and how well prepared it is to respond before interruptions happen, can make a world of difference to both its bottom line and its patients’ long-term care.
Resiliency is a must, and the most resilient health systems are empowered with data that enables them to:
- Drive better negotiation at the procurement level
- Reduce cost
- Increase employee satisfaction
- Improve trust and relationships with clinicians
- Enable better patient care and outcomes
How medical organizations can achieve supply chain resiliency.
Every industry feels the impact of a fragile supply chain, but in healthcare it presents as a serious loss of productivity and revenue, and a threat to high-quality care. If you continue doing as you’ve always done, you’ll continue to get what you’ve always gotten—lack of visibility and frustration from both providers and patients.
Download your copy of the Healthcare Supply Chain Resiliency Playbook to see why technology is key to a smarter supply chain.