Healthcare Supply Chain Best Practices Podcast

Imagine a bucket filled with a dozen holes. Now, imagine trying to keep that bucket full of water by adding more water to the bucket. Guess what. The holes continue to leak water, creating a vicious cycle that can go on forever. Now, change the word “water” in this sentence to “savings” and you can see how your healthcare organization could be losing millions of dollars annually in wasteful and in...

Imagine a bucket filled with a dozen holes. Now, imagine trying to keep that bucket full of water by adding more water to the bucket. Guess what. The holes continue to leak water, creating a vicious cycle that can go on forever. Now, change the word “water” in this sentence to “savings” and you can see how your healthcare organization could be losing millions of dollars annually in wasteful and in...

During a recent conversation that Robert W. Yokl (SVAH’s VP, Supply Chain & VA) had with a system supply chain executive. This thought-provoking discussion he had with the system supply chain executive was about how he was targeting supply utilization in a new savings initiatives to achieve his organization’s savings goals beyond price strategies. Clearly, he knew what we know and that is that sup...

During a recent conversation that Robert W. Yokl (SVAH’s VP, Supply Chain & VA) had with a system supply chain executive. This thought-provoking discussion he had with the system supply chain executive was about how he was targeting supply utilization in a new savings initiatives to achieve his organization’s savings goals beyond price strategies. Clearly, he knew what we know and that is that sup...

We are excited today to have Kate Vitasek as our guest today who is a faculty of Graduate and Executive Education at the University of Tennessee’s Haslam College of Business Administration. She is the author of six books on the topic we are going to talk about today…Vested® Outsourcing. She has been featured on Bloomberg, CNN International, NPR, and Fox Business News. In addition, her insights hav...

We are excited today to have Kate Vitasek as our guest today who is a faculty of Graduate and Executive Education at the University of Tennessee’s Haslam College of Business Administration. She is the author of six books on the topic we are going to talk about today…Vested® Outsourcing. She has been featured on Bloomberg, CNN International, NPR, and Fox Business News. In addition, her insights hav...

For many in the healthcare supply chain, this this catch phrase (“providing the right product, at the right time at the right place”) has been the cornerstone of the supply chain’s best practices for over 50 years. Yet, we fail to ask these important questions: What happens after the product is in our customers hands? What happens after the contract has been implemented/converted and/or value anal...

For many in the healthcare supply chain, this this catch phrase (“providing the right product, at the right time at the right place”) has been the cornerstone of the supply chain’s best practices for over 50 years. Yet, we fail to ask these important questions: What happens after the product is in our customers hands? What happens after the contract has been implemented/converted and/or value anal...

My son, Robert W. Yokl, VP of SVAH Solutions, sent me an article the other day from BBC Sports about the Mercedes Formula 1 racing team, who won six consecutive championships, on their “relentless pursuit of excellence”. More specifically, how Toto Wolff, head of Mercedes’s motorsport program, never stops pushing for even higher performance from his award-winning team. Here’s four tips from Wolff...

My son, Robert W. Yokl, VP of SVAH Solutions, sent me an article the other day from BBC Sports about the Mercedes Formula 1 racing team, who won six consecutive championships, on their “relentless pursuit of excellence”. More specifically, how Toto Wolff, head of Mercedes’s motorsport program, never stops pushing for even higher performance from his award-winning team. Here’s four tips from Wolff...

My son, Robert W. Yokl, VP of SVAH Solutions, sent me an article the other day from BBC Sports about the Mercedes Formula 1 racing team, who won six consecutive championships, on their “relentless pursuit of excellence”. More specifically, how Toto Wolff, head of Mercedes’s motorsport program, never stops pushing for even higher performance from his award-winning team. Here’s four tips from Wolff...

The old supply chain adage of getting the right product at the right price to the right customer at the right time has always been a our goal. But what happens after the product is in the hands of the customer, the vendor contract is converted and/or the value analysis study is implemented? We know the pricing is right in our ERP/Purchasing Systems but does the dollars hit our bottom lines as we i...

The old supply chain adage of getting the right product at the right price to the right customer at the right time has always been a our goal. But what happens after the product is in the hands of the customer, the vendor contract is converted and/or the value analysis study is implemented? We know the pricing is right in our ERP/Purchasing Systems but does the dollars hit our bottom lines as we i...

Value analysis is a systematic process that does not have any software tied to it in any way. You may hear companies call their software Value Analysis Software but it is only software for tracking the project workflow of your various value analysis studies. As one client said to me who had a software in place, “It doesn’t do any value analysis at all.” What we are talking about is the next genera...

Value analysis is a systematic process that does not have any software tied to it in any way. You may hear companies call their software Value Analysis Software but it is only software for tracking the project workflow of your various value analysis studies. As one client said to me who had a software in place, “It doesn’t do any value analysis at all.” What we are talking about is the next genera...

After reading an article by David Shannon and Chuck Miller of Bain & Company about “Closed-Loop Savings Verification” processes (CLSV) in other industries, I discovered that this industry best practice also mirrored what is happening in healthcare. More and more, hospitals, systems and IDN’s CFOs are requiring their supply chain professionals to verify their projected savings on every savings init...

After reading an article by David Shannon and Chuck Miller of Bain & Company about “Closed-Loop Savings Verification” processes (CLSV) in other industries, I discovered that this industry best practice also mirrored what is happening in healthcare. More and more, hospitals, systems and IDN’s CFOs are requiring their supply chain professionals to verify their projected savings on every savings init...

Benchmarking is nothing new to the healthcare supply chain and clearly you are thinking right now that, “We Benchmark at Our Hospital/System!” So, you know the value of benchmarking from one level or another, but do we apply this to our supply chain and value analysis initiatives as much as we could? The answer to that question is a big no! Why is this? First and foremost, nobody wants to be compa...

Benchmarking is nothing new to the healthcare supply chain and clearly you are thinking right now that, “We Benchmark at Our Hospital/System!” So, you know the value of benchmarking from one level or another, but do we apply this to our supply chain and value analysis initiatives as much as we could? The answer to that question is a big no! Why is this? First and foremost, nobody wants to be compa...

Healthcare Value analysis training appears to be at the bottom of most VA practitioners to do list, yet it is an imperative that you and your VA teams have basic, advanced and then masterclass value analysis training. Not one-time training, but training on an on-going basis.  One hospital we worked with that has annual VA training for their VA team leaders and VA team members. This is the only way...

Healthcare Value analysis training appears to be at the bottom of most VA practitioners to do list, yet it is an imperative that you and your VA teams have basic, advanced and then masterclass value analysis training. Not one-time training, but training on an on-going basis.  One hospital we worked with that has annual VA training for their VA team leaders and VA team members. This is the only way...

Healthcare Value analysis training appears to be at the bottom of most VA practitioners to do list, yet it is an imperative that you and your VA teams have basic, advanced and then masterclass value analysis training. Not one-time training, but training on an on-going basis.  One hospital we worked with that has annual VA training for their VA team leaders and VA team members. This is the only way...

Just like the value analysis revolution that we experienced in the early 2000’s to the present we are now seeing that supply utilization management (SUM) is becoming a major buzzword in the healthcare supply chain.

Just like the value analysis revolution that we experienced in the early 2000’s to the present we are now seeing that supply utilization management (SUM) is becoming a major buzzword in the healthcare supply chain.

If you are a frequent reader of our blog, you would know that we are very high on hospital supply chain benchmarking because it will make your supply chain operation better than just good. Yet, for those who still doubt the benefits of healthcare supply benchmarking here are four things you need to know to change this mindset