Hospital Value Analysis: How to Make a Case for Positive Change

On this week’s episode of Power Supply Articles On-the-Go, Bob Yokl talks about the importance of putting your supply chain plan in writing: “The most critical element of your report should be your problem statement. The reason for this is that if you can’t identify a real, tangible, and critical problem that needs to be solved, your management or customers won’t be interested in solving it NOW. This is where you use statistics, stories, and examples to build your case for change. By the way, money talks, so make sure you show your readers how they are losing money (and quantify it) by not accepting your proposal…” Tune in for the full article! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://lnkd.in/gzg_s8H2 Android: https://lnkd.in/g_Bs3B72 And listen at: iTunes -> https://lnkd.in/gj3HTbUG Spotify -> https://lnkd.in/gVRx6vNa Stitcher -> https://lnkd.in/gh3ZQifn Amazon Podcasts -> https://lnkd.in/gDhPJDgh Google Podcasts -> https://lnkd.in/gisj3y2R #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #ValueAnalysis

Suppliers Managing Suppliers: A Look Behind the Curtain of Manufacturing

Most manufacturers are not making every component of their products and rely on their own suppliers.  The number of suppliers can be many and the bill of material can be up to 70-80% outsourced.  This is why having an internal framework for managing those relationships and aligning that framework to protect market position and enhance the customer experience is crucial.  Hays Waldrop, Garry Skinner and Justin Poulin welcome Abe Salloum on this episode of Power Supply to offer insights from his extensive healthcare manufacturing experience and why end-to-end transparency is a necessity to push #healthcaresupplychain towards greater success in a time of backorders!

Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://lnkd.in/gzg_s8H2 Android: https://lnkd.in/g_Bs3B72 And listen at: iTunes -> https://lnkd.in/gj3HTbUG Spotify -> https://lnkd.in/gVRx6vNa Stitcher -> https://lnkd.in/gh3ZQifn Amazon Podcasts -> https://lnkd.in/gDhPJDgh Google Podcasts -> https://lnkd.in/gisj3y2R

#SupplierManagement #PowerSupply #Podcast #Education #SupplyChain #HealthcareSupplyChain #Healthcare #Purchasing #Contracting #StrategicSourcing

Brainstorming Myths and Missed Opportunities in Healthcare Value Analysis

On this week’s episode of Power Supply Articles On-the-Go, Bob Yokl talks about the ups and downs of brainstorming in the healthcare supply chain decision making process: “Other experts have said that there are a lot of bad ideas thrown around in brainstorming sessions and that they should be vigorously debated and then eliminated immediately. Our opinion is that if you follow these recommendations, there will be a good chance that no time will be left to evaluate all the ideas accumulated on your chart and you will miss some big savings, quality, or safety improvement opportunities by doing so…” Tune in for the full article! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://lnkd.in/gzg_s8H2 Android: https://lnkd.in/g_Bs3B72 And listen at: iTunes -> https://lnkd.in/gj3HTbUG Spotify -> https://lnkd.in/gVRx6vNa Stitcher -> https://lnkd.in/gh3ZQifn Amazon Podcasts -> https://lnkd.in/gDhPJDgh Google Podcasts -> https://lnkd.in/gisj3y2R #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #ValueAnalysis

Inflating The Issue: Managing the Rising Cost of Healthcare

Backorders, supply chain disruption and now Inflation?!  We may be worried about the impact of inflation on our daily lives, but what does this mean for healthcare?  What can we expect as the hits just keep on coming?  David Dobrzykowski, Claudia Rosales, and Andrew Balthrop from the University of Arkansas — Sam M. Walton College of Business join Hays Waldrop, Garry Skinner and Justin Poulin to share some insights from the research they have been doing around inflation and the impact on healthcare organizations.  What do the trends tell us, how long is this going to last, how can we adjust our strategy?  Tune in and find out today!

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And listen at: iTunes -> https://zcu.io/3Zef Spotify -> https://zcu.io/eBXx Stitcher -> https://zcu.io/2gMi Amazon Podcasts -> https://zcu.io/Xo2S Google Podcasts -> https://zcu.io/O8SY

#inflation #supplychaindisruption #PowerSupply #Podcast #Education #SupplyChain #HealthcareSupplyChain #Healthcare 

6 Unwanted Things that Happen When the Products, Services, and Technologies You Buy Are Put into the Hands of Your Customers

On this week’s episode of Power Supply Articles On-the-Go, Bob Yokl talks about why price is the smallest element of your lifecycle cost equation: “Too often when a product, service, or technology is purchased, it is considered a completed transaction by your contract managers once they have obtained the best price, and then it is quickly forgotten. You might not realize it, but this is the #1 reason why you would have higher per patient day supply costs than your competition. Remember, price is the smallest element of your lifecycle cost equation. To this end, your optimal lifecycle cost drivers reside in the following six things that happen when the products, services, and technologies you are buying are put into the hands of your customers:…” Tune in for the full article! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://lnkd.in/gzg_s8H2 Android: https://lnkd.in/g_Bs3B72 And listen at: iTunes -> https://lnkd.in/gj3HTbUG Spotify -> https://lnkd.in/gVRx6vNa Stitcher -> https://lnkd.in/gh3ZQifn Amazon Podcasts -> https://lnkd.in/gDhPJDgh Google Podcasts -> https://lnkd.in/gisj3y2R #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #ValueAnalysis

Adjusting Time: A Positive Outlook on the Future of JIT

Many of us have felt that Just-In-Time is dead thanks to the pandemic and the increasing number of shortages we have experienced, but maybe not!  Wade Blom joins Hays Waldrop, Garry Skinner and Justin Poulin to offer up a brighter future for the inventory management strategy that was used extensively leading up to the pandemic.  We also learn how we set ourselves up for failure and what can be done to get things back on line and operational.  Don’t sleep on this episode as we not only discuss the healthcare side of the table, but also implications for manufacturers and what suppliers need to be doing to be good partners!

Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://zcu.io/sx2h Android: https://zcu.io/xJSJ

And listen at: iTunes -> https://zcu.io/3Zef Spotify -> https://zcu.io/eBXx Stitcher -> https://zcu.io/2gMi Amazon Podcasts -> https://zcu.io/Xo2S Google Podcasts -> https://zcu.io/O8SY

#JIT #Just-In-Time #supplychaindisruption #Mustard #Expiration #PowerSupply #Podcast #Education #SupplyChain #HealthcareSupplyChain #Healthcare #Purchasing #Contracting #Strategic #Sourcing