Power Supply
Safety Net or Money Pit? Finding Your Safety Stock Sweet Spot
Are your shelves carrying too much “just in case” inventory? In this final installment of our three-part series, Brian Bartel, Suzi Collins, and Justin Poulin dive deep into the critical balance of keeping enough buffer stock without tying up valuable cash flow. From finding your safety stock sweet spot to determining the right safety stock for high-dollar vs. high-volume items, you’ll discover practical strategies for right-sizing your inventory. Whether you’re dealing with critical patient care items or everyday supplies, this episode offers valuable insights on adapting safety stock to your facility’s unique needs. Join us as we wrap up this essential series and put the final piece of the inventory management puzzle in place!
Formula: Safety Stock = (Max Daily Usage x Max Lead Time) – (Average Daily Usage x Average Lead Time)
Thank you for joining us for this 3-part series!
Missed Parts 1 & 2? Catch up on our Reorder Point and Reorder Quantity discussions here: https://youtube.com/playlist?list=PLu-lsrFpnsLn3J-s_RGNF_VtH6kscKtr_&si=drgJyNMLRR1VJNHy
Want to stock up on more supply chain insights? Connect with Power Supply on LinkedIn: https://www.linkedin.com/company/powersupplymedia
#PowerSupply #SupplyChain #HealthcareSupplyChain #SafetyStock #InventoryManagement
AHRMM SME podcast featuring Richard Bagley
On this episode of the AHRMM Subject Matter Expert Podcast, Richard Bagley, VP of Supply Chain at UCHealth, joins Justin Poulin for an insightful discussion on reducing waste through preference card optimization. Richard breaks down why supply expenses extend beyond pricing, highlighting impacts from utilization and inefficient waste. He’ll walk us through the phases of UCHealth’s successful initiative – rallying stakeholders, leveraging game-changing tools like the Procedure Summary Report to drive behavioral change, and more. Tune in to gain Richard’s expert insights on minimizing wasteful spending and optimizing operational efficiency!
#PowerSupply #AHRMM #Podcast #HealthcareSupplyChain #Optimization #WasteReduction
Behind the Numbers: The Hidden Cost of Medical Waste
What’s the true cost of medical supply waste in your facility? On this episode of Power Supply Season 12, Christina Tosto, VP & GM for WaveMark™ Solutions at Cardinal Health, joins us to reveal the true impact of supply waste in our healthcare systems. From leveraging visibility and data to implementing effective communication strategies, Christina shares proven strategies for identifying and eliminating costly waste in healthcare supply chains. Whether you’re battling expired supplies or seeking to optimize your operational efficiencies, this episode offers actionable solutions for turning waste reduction into measurable improvements. Tune in now to discover how small inventory management changes can deliver lasting results to your bottom line and patient care outcomes!
Once you complete the interview, jump on over to the link below to take a short quiz and download your CEC certificate for .5 CECs! – https://www.flexiquiz.com/SC/N/ps12-04
#PowerSupply #Podcast #AHRMM #HealthcareSupplyChain #WasteReduction #SupplyChainOptimization #PatientCare #CostContainment
AHRMM SME podcast featuring Kai Peters
This week on the AHRMM Subject Matter Expert Podcast, recorded live at the AHRMM24 Conference in Columbus, OH, host Justin Poulin welcomes Kai Peters, Supplier Diversity and Sustainability Manager at Ohio State University Wexner Medical Center. Kai shares her passion for promoting social equity and environmental sustainability by locally sourcing products and services from diverse suppliers that serve the community. She also dishes on her most memorable career mistake and the lessons she’s learned along the way. Tune in for Kai’s unique perspective on merging supplier diversity and sustainability in healthcare supply chain!
#PowerSupply #AHRMM #Podcast #HealthcareSupplyChain #SocialEquity #HealthcareSustainability
The Clinical Connection: Rethinking OR & Supply Chain Relationships
What happens when an OR runs out of a critical supply during a procedure? How does your team manage the stress when there are more cases scheduled than supplies available? In this episode of Power Supply, Melanie Perry, host of the First Case podcast and active OR nurse, invites us into the dynamic world where clinical and supply chain priorities intersect. From tackling inventory management challenges to navigating urgent product approvals, Melanie shares her insights on how perioperative nurses and supply chain professionals can collaborate more effectively to meet supply needs. Whether you’re facing issues with accurate usage documentation or striving to build stronger clinical partnerships, this episode provides practical advice for creating collaborative solutions that benefit everyone involved. Tune in to learn how breaking down departmental silos can lead to better outcomes in the OR and beyond!
Once you complete the interview, jump on over to the link below to take a short quiz and download your CEC certificate for .5 CECs! – https://www.flexiquiz.com/SC/N/ps12-03
#PowerSupply #Podcast #AHRMM #HealthcareSupplyChain #ClinicalPartnerships #Collaboration #OperatingRoom #SupplyChain
AHRMM SME podcast featuring Jason Moulding & Dr. Paul Degenfelder
This week on the AHRMM Subject Matter Expert Podcast, Jason Moulding, Chief Supply Chain Officer, and Dr. Paul Degenfelder, Surgeon and Medical Director of Supply Chain at MultiCare Health System, join Justin Poulin to discuss their inspiring collaborative journey merging supply chain and clinical perspectives. They share how their unique partnership began, discuss Dr. Degenfelder’s path to discovering his passion for supply chain, and identify major wins like pioneering the first system-wide total joint initiative through physician engagement. Tune in for an eye-opening look at how this dynamic duo is transforming healthcare delivery through powerful supply chain-clinical collaborations!
#PowerSupply #AHRMM #Podcast #HealthcareSupplyChain #ClinicalCollaborations
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