70% of the Fortune 500 either already have ERP or are planning to install it soon. The ERP marketplace is now expanding into the under $250 million size companies. The ERP premise is to help a company achieve the maximum results from a company wide database that helps the supply chain in becoming more effective, the Human Resource team in increasing their impact on performance, …
PeopleSoft Supply Chain Management: Saving Lives & Making Hospital Management Easier
Inventory management is rarely a life and death issue. But, it is in hospital management. This is perhaps the primary reason so many health care management teams turn to PeopleSoft Supply Chain Management. Prioritizing Purchase Orders That Really Matter In a hospital or clinic, high-priority requisitions may literally be a matter of life and death. Risk to patients is significantly increased when the …
Cut Hospital Support Costs through Proper ERP Optimization
Many times, hospital support costs are a gray variable in otherwise smooth operations and financial management of hospitals. Support services are a needed part of quality health offerings, but complicated business relationships, reporting and regulation requirements, and different constituents reduce the positive impact of hospital support services. While the issues involved in information and systems management between a hospital and its support …
Better Hospital Supplier Management through Real-Time Feature
Streamlined hospital supplier management doesn’t just improve operational efficiency, it also ensures patient need is first priority. PeopleSoft automates hospital supplier management processes, securing inventories that don’t suffer stock outages at crucial times. This is largely due to a real-time inventory management feature that keeps providers up-to-date with supply chain management action as things happen. As of 2015, 45% of vendors place …
The Role of Hospital Financial Management in Cost Reduction
The financial management of hospitals plays a larger role today in administering the business of healthcare institutions than ever before. The leading aspect is planning for the acquisition of equipment and appropriate the funds (capital) that will allow the institution to run efficiently along with the fiscal responsibility to stay solvent. Hospital financial management, according to the American College of Healthcare Executives, requires some very specific functions. …
Increase Hospital Income – Integrate Your ERP with Sales and Service
Increasing income is a unique part of enterprise resource planning (ERP) systems for hospitals, with regulations and insurance systems in place hospitals must build relationships with doctors offices and other referral agencies as well as the general public in order to increase patients and income. With the understanding of the unique needs hospitals face, a good ERP system, like PeopleSoft, will be …
How Hospitals Can Make Payments Using PeopleSoft ERP
Hospitals are facing increased pressure to operate more efficiently and reduce cost by streamlining their processes for non-purchase order transactions made outside of the Purchasing system. Oracle’s PeopleSoft ERP Payment Request feature supports this effort by creating a self-service option for filing non-purchase order invoices that is scalable and more efficient. Using the Payment Request feature, professionals outside Accounts Payable …
Aim for Success with Proper ERP Planning
ERP is one of the most popular workforce management systems out there. It combines business functions and data in one system shared throughout a company. It has modules to cover everything from supply chain to customer relationship management. The systems are designed to increase the efficiency of business by improving processes and decreasing cost. Although ERP is quickly becoming the backbone of …
PeopleSoft Keeps Your Processes in Focus
Whenever a healthcare organization is considering a software implementation, like PeopleSoft ERP, it is extremely important to remember that software is a support mechanism for your hospital’s systems and processes, not a substitution. When preparing an install or dealing with software issues, your software systems must be prepared so that they manage your organizations specific needs and processes. Strategy First, Then PeopleSoft Systems …
5 Tips for Great Hospital Supplier Management
When it comes to using your ERP for hospital supplier management, there are some important areas your organization needs to address to effectively increase quality vendor relationships, decrease inventory and supply issues and integrate your supply chain management with the rest of your organization. Addressing the following 5 issues with supply chain relationships can drastically impact your supplier management for good! …
