Prescriptive Analytics to Address Supply Chain Needs
By MedTech Outlook | Wednesday, March 27, 2019
The face of the supply chain evolves with the development of modern technology and Internet-based software. The supply chain relies heavily on digital technologies to enhance efficiency and productivity from the acquisition of raw materials to production, shipments, and final destinations. This changing landscape offers companies an opportunity to leverage innovative marketing techniques to simplify their processes while retaining their position in the highly competitive markets of the day. As the supply chain industry has become a wide array of technological opportunities, companies are seeking providers with a supply chain that suits their needs. In the context of challenges in the operational room, Cardinal Health launched a supply chain automation solution. The single platform for healthcare services allows hospitals to improve visibility in real-time inventory and prescriptive analysis, to simplify costs and improve efficiency. The system also provides comprehensive logistics and real-time insights.
Cardinal Health has reported that from 40 to 60 percent of total hospital supply costs are OR expenses, while the inventory includes 3,000 to 4,000 products at several locations. The supplies are moved through various processes and have different tracking, documentation and compliance requirements. The solution from Cardinal Health helps combine data and workflows, saves time, reduces costs, and provides more peace of mind and improved workflows to clinical staff and supply chain administrators. The solution has an easy dashboard which provides warnings for such things as slow movement, reminder or missing items. For complete visibility from receiving, using, and order, the analytics suite may compile multiple strands of supply data and case cost information. The solution also provides prescriptive analytics to predict future needs and guide the management of supply related challenges. The system can be integrated into existing hospital systems including material management systems, electronic medical records, and clinical information systems due to its interoperability. The new Cardinal Health system offers better visibility, flexible reporting, scalability, and change management that enables hospitals to develop an integrated and comprehensive approach that takes into account operational and financial planning. Cardinal Health brings solutions that help its customers to flourish in a changing world to navigate the complexity of healthcare.
The company employs its almost 100 years of experience and expertise to lower overall healthcare costs and improve patients' lives.