Podcast 50 - Your Biggest Cost Savings Opportunity Is Often Ignored

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 analysis has chosen the best
valued product? We know that the right price is in our
ERP/Purchasing Systems, but do we know if the projected savings hit
our bottom line? In order to get a better grasp on this vital
concept, savings validation needs to occur because the costs
ramifications of losing savings cannot be left flapping out in the
wind any longer. Here is additional rational for doing so: