Hospitals are one of the most complex organizations across our nation. The number of moving parts and people is simply astounding. Getting the hospital supply chain right is extremely difficult. However, using an ERP solution like PeopleSoft can facilitate a much smoother supply chain with less hiccups, less waste, more savings and higher patient and staff satisfaction.One of the worst case scenarios is when …
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! …
Maintaining Your Hospital Supply Chain
Mission critical is the most accurate way to describe the hospital supply chain. Managing and maintaining the ordering, receiving and dispersal of supplies, from medicines to drinking straws, demands up to date information at all times. It’s important to oversee how the supplies are moving, where any supply chain pinch points or slow-downs that require attention are, and verify use patterns. Another aspect …
Maintain Internal and External Supply Chain Relationships With PeopleSoft
For many hospitals, PeopleSoft is an excellent ERP system, but there are several areas with substantial problems and issues. When it comes to supply chain management, improper internal and external integration can cause significant problems. Mergers and acquisitions will exacerbate these problems, as well as major supply chain shifts. While frustrating, supply chain issues are not caused by the software, nor necessarily …
Optimization is Key – How Healthy is Your Hospital Supply Chain?
In the rush to drive down healthcare costs, hospital supply chain optimization can help. By doing so, hospitals are saving millions of dollars and blazing a new trail in healthcare management. Through our PeopleSoft operational support, Belmero Inc. identifies ways to optimize hospital supply chains – just one way we typically achieve a 25% reduction in support costs and increase overall productivity for our clients. This May 4th through …
Creating an Effective Hospital Supply Chain
In the provision of quality service, a hospital needs a supply chain that merges logistic and purchasing operations of clinical elements. Attaining this objective is not always easy. A well-integrated hospital supply chain incorporates all relevant parties in and around the hospital into its process, including clinicians, finance, clinical outcomes, executive leaders, physicians and others, in other to achieve optimal success. When creating …
The Future of Hospital Supply Chain Management in 2015
According to reports from The Health Industry Distributor Thought Leaders Initiative, healthcare providers are expecting cuts in reimbursements during 2015 that will reduce operating margins by up to 30%. This can significantly impact profitability and their ability to sustain and grow in the future. With this challenge, hospital supply chain management will have to factor in new ways in which they can continue to provide quality products for patient care and come up with …
Oracle News and Product Updates: Improving Business Processes and Profits
In the world of multinational computer technology corporations, Oracle is a well recognized force. Oracle was founded in 1977 and is headquartered in Redwood City, California, in the United States. The company specializes in developing and marketing computer hardware systems and enterprise software products, such as PeopleSoft. They also build Enterprise Resource Planning (ERP) software, Customer Relationship Management (CRM) software, and Supply Chain Management …
Hospital Supply Chain – What to Look For When Seeking Assistance
The rising cost of healthcare is on everyone’s minds. Citizens worry about how they’re going to pay their medical bills while hospitals and medical facilities explore different ways they can further reduce expenses. Today, hospital managers have been forced to make some huge changes to the methods they use to keep costs low and while also going to some impressive …
Five Challenges in Supply Chain Management
Supply Chain Management is the most critical area of concern for hospitals. It is critical to the health and safety of patients and staff to have the right tools available to the right people at the right time. A recent survey published by Healthcare Finance News reported on the top five challenges of managing hospital supply chains: Cost-savings goals: The first area …
