Power Supply
The Balancing Act: Mastering Reorder Points and Safety Stock
Struggling to find the sweet spot between overstocking and running out of critical supplies? Say goodbye to stockouts and hello to a well-oiled supply chain with Brian Bartel, Suzi Collins, and Justin Poulin as they unveil the secrets to mastering reorder points and safety stock. In this episode, Brian breaks down his tried-and-true formulas for calculating optimal inventory levels, while Suzi shares cautionary tales of unit measure mishaps and the importance of understanding how products are pulled. Together, they’ll guide you through the ever-changing landscape of lead times and usage patterns, providing you with the tools to make data-driven decisions and keep your shelves stocked with the right products at the right time. Tune in now and discover how to take your reordering game to the next level!
Formula: Reorder Point (ROP) Formula = Average Daily Usage x Lead Time + Safety Stock
Stay tuned for part two, where we’ll dive into the Reorder Quantity formula!
Want to stock up on more supply chain insights? Connect with Power Supply on LinkedIn: https://www.linkedin.com/company/powersupplymedia
#PowerSupply #SupplyChain #HealthcareSupplyChain #ReorderPoint #SafetyStock
The Distribution Shuffle: Balancing Contracts, Costs, and Continuity
In the wake of the pandemic, healthcare organizations were forced to venture beyond their trusted primary suppliers and into the unknown territory of secondary distributors – and the ripple effects are still being felt today in many healthcare facilities. This week on Power Supply, we sit down with Jody Eastland, Director of Strategic Sourcing and Procurement Operations at University Health and the newest member of the Power Supply Advisory Group, to identify the challenges and opportunities of navigating today’s supply chain landscape. From the challenges of vetting secondary distributors to the delicate balancing act of honoring primary contracts while keeping shelves stocked, Jody offers a candid look at how this shift has impacted the success and bottom lines of supply chain departments nationwide. Tune in for insider tips on building a resilient supply chain in the face of ongoing disruptions and discover why the “old normal” may be a thing of the past!
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/ps10-7
#PowerSupply #Podcast #AHRMM #HealthcareSupplyChain #SecondaryDistributors #PandemicLessons #SupplyChainResilience
From the OR to Supply Chain: A Surgeon’s Vision for Clinical Innovation
What if the key to unlocking your supply chain’s full potential has been hiding in plain sight all along, in the most unlikely place – the Operating Room? This week on Power Supply, Dr. Pearce McCarty, orthopedic surgeon and supply chain innovator, joins us to make a compelling case for why engaging surgeons in healthcare supply chain could be the key to unlocking game-changing improvements in cost, quality, and outcomes. He’ll share eye-opening stories from his own journey into the supply chain realm and reveal the communication strategies and data-driven tactics that helped him bridge the gap between the OR and supply chain. Plus, Dr. McCarty will give us an exclusive look at how cutting-edge technologies like generative AI could revolutionize the way surgeons and supply chain teams collaborate to drive sustainable change. Tune in, buckle up, and get ready to explore the untapped potential of surgeon-supply chain collaboration – your patients, your providers, and your bottom line will thank you!
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/ps10-6
#PowerSupply #Podcast #AHRMM #HealthcareSupplyChain #PhysicianEngagement #ClinicalCollaboration
Lean Linen? Folding Cost Savings & Efficiency into Your Hospital’s Laundry Program
Are rising laundry and linen expenses straining your healthcare facility’s finances? On this week’s Power Supply GPO Spotlight™, we’re joined by Trevor Rotondo, Director of Purchased Services Strategic Sourcing at HealthTrust Performance Group, to discuss a cost-effective approach to meeting your facility’s growing linen needs while staying within your budget. Learn how Trevor and the HealthTrust team can help take the guesswork out of managing your facility’s Laundry & Linen expenses while providing inventory management support, streamlining best practices, and negotiating strong contracts to protect your department’s bottom line. Discover how HealthTrust’s comprehensive solutions can transform the quality of your Laundry & Linen Services, and ultimately enhance the patient experience!
For more information on how HealthTrust can help your department consolidate its linen expenses, visit https://healthtrustpg.com/ to request a consultation. If you are a current HealthTrust member, contact your Account Manager for more information. You can also send an email to commercial@healthrustpg.com. Also, stay connected on LinkedIn for updates!
AHRMM Power Up Podcast – Episode 13
This is the AHRMM Power Up Podcast with Mike Schiller and hosted by Justin Poulin. Every month, we highlight trends, strategies, and solutions from the field to advance the healthcare supply chain industry. In this episode, Mike and Justin share what you need to know from May ’24:
- New HHS Proposal for Drug Shortages –includes penalties
- Review of AHA’s position and AHRMM’s released statement
- Supply Chain Fundamentals Series
- NEW, 30-minute e-learning course on the FAHRMM
- 0.5 CEC, FREE members/non-members
- FAHRMM guidelines have changed — Aligned more with the current environment
- Panama Canal is Opening Back Up!
#AHRMM #PowerSupply #Podcast #HealthcareSupplyChain #MayUpdate ________ Power Supply is proud to partner with AHRMM, the leading professional membership group for the healthcare supply chain. Through this collaboration, Power Supply offers Continuing Education Credit (CEC) approved podcast episodes to the healthcare supply chain audience.
Leeches, Baby Kits, & Bionic Ears: Uncovering the Uncommon Side of Supply Chain
When you think of healthcare supplies, bandages and gloves might come to mind – but what about leeches, newborn packs, and bionic ears? This week on the Power Supply Podcast, Randy Subramany, Director of Supply Chain at NewYork-Presbyterian Hospital, takes us on a wild ride through the lesser-known corners of the medical supply world. Discover the surprising challenges and creative solutions that come with managing these unique and critical items, from cultivating a steady supply of medicinal leeches to designing the perfect take-home kit for new parents. And when it comes to cochlear implants, you won’t believe the intricate logistical dance required to keep these high-tech devices flowing smoothly across multiple facilities. Whether you’re a seasoned supply chain professional or just curious about the inner workings of the healthcare supply chain, this episode is packed with valuable insights that will change the way you think about the role of supply chain in delivering cutting-edge patient care. Tune in today!
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/ps10-5
#PowerSupply #Podcast #AHRMM #HealthcareSupplyChain #UncommonSupplies #SupplyChainInnovation
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