A recent article in Becker's Hospital Review outlined the ongoing issues hospitals face with their supply chains. It is no secret that most hospitals struggle to reduce costs in their supply chains and often use an inaccurate and outdated process to complete their inventory counts.
As with many organizations, the resistance to change has been in place for years if not decades. But Erin Marshall of Becker’s lists some strategies a supply chain manager or a CFO can use to build their case for using an inventory management solution: 1. Show how the current state isn't working 2. Articulate your vision 3. Communicate the benefits 4. Gather your allies 5. Identify your savings opportunity
If you’re a hospital CFO, Materials or Supply Chain Manager and looking streamline your inventory management process by putting technology to work, please contact Z5 Inventory. Our powerful inventory valuation solution is easy-to-use, fast and accurate and can be used across an entire system or network. Z5 Count provides real-time data, an accurate picture of your slow-moving and excess inventory, and will ultimately save you time and money.