Supply chain sophistication: Not a contradiction in termsPosted:Jun 6th, 2018 2:30 am
Supply chain technology in many industries has evolved dramatically since the days of keeping records with pen and paper. Sophisticated, real-time tools help manufacturers like Toyota ensure they stock only the supplies they need, while relying on automated tracking and reordering to maintain the necessary inventory levels.
Shift gears to hospitals and health care systems, where cutting-edge technology is used to save lives every day, and you’ll find that supply chain management is often outdated. Because the supply chain feeds the entire organization — including patient care — this can end up costing health care organizations financially and compromises care delivery.
Consider the case of Mount Sinai Health System, which under its old inventory management practices used pen and paper to document as many as 2,000 packages each day, many of them perishable or time sensitive.
In 2015, Mount Sinai approached Jump Technologies looking for a better way to manage inventory. As a result of using our JumpStock platform, Mount Sinai reduced package processing time from an average of 132 seconds per package to 23.72 seconds per package. It also improved visibility, created an end-to-end audit trail, and implemented performance metrics that allow them to better evaluate their supply chain.
Beyond the loading dock, Mount Sinai uses JumpStock to manage inventory and automatically reorder supplies when levels are low. It gives the hospital real-time visibility into inventory counts and creates transparency into how much of each item they use.
Automating inventory management allows Mount Sinai to confidently carry less inventory, and gives supply chain leadership better tools and reporting throughout the system.
Creating a more sophisticated supply chain has benefits that start the moment supplies arrive on the loading dock. It saves time when receiving packages and tracks supplies until the moment they reach the patient. Ultimately, it helps hospitals reduce spending on supply chain resources and redirects that money to improving patient care or hiring staff that will generate new income. That’s good news for everyone.
Read more about how Mount Sinai transformed its supply chain management.