Powers Supply Articles On-the-Go
Articles On-The-Go: 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…”
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Articles On-The-Go: How to Best Utilize Your Hospital’s Limited Supply Chain Resources
On this week’s episode of Power Supply Articles On-the-Go, Bob Yokl talks about getting the most out of your limited supply chain resources (people & finances!).
“Everyone knows that delegation saves time and has a multiplier effect on your healthcare supply chain efforts. Nevertheless, too many supply chain professionals still do most of the work of their value analysis teams. That’s not what teamwork is all about. By definition, teamwork is a collaborative effort with a group of people to achieve a stated goal, not one person doing all or most of the work. Isn’t it time you have your value analysis team share the workload? This is the best way to utilize these resources, not doing their work for them…”
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Articles On-The-Go: 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…”
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6 Unwanted Things that Happen When the Products, Services, and Technologies You Buy Are Put into…
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:…”
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Articles On-The-Go: Are You Experiencing “Groundhog Day”
On this week’s episode of Power Supply Articles On-the-Go, Bob Yokl talks about that reoccurring feeling you get when you step into your supply chain meetings.
“Well, we have seen the same phenomenon with hospital value analysis teams who repeat the same team meeting again and again. We have mentioned before how we frequently read the minutes of value analysis teams going back a year and then are flabbergasted by how the same items are on their agenda month after month and even year after year…”
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Articles On-The-Go: 3 Useful Data Analytics That Will Add Value To Healthcare Value Analysis Process
On this week’s episode of Power Supply Articles On-the-Go, Bob Yokl talks about three data analytics you should consider using in your day-to-day as a supply chain leader.
“We are all looking for enhancements that will add value to our healthcare value analysis process without adding more time, work, or resources to generate even greater savings yields, or quality and safety improvements. The easiest, most foolproof and decision-driven way that we have discovered to meet this goal is with data analytics. Here are three useful data analytics that can change the way your hospital value analysis teams do business…”
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Articles On-The-Go: Hospital Supply Chain Benchmarking
On this week’s episode of Power Supply Articles On-the-Go, Bob Yokl takes us on a quick trip through common sense benchmarking in your hospital.
“You need to have a system in place to continuously benchmark everything that is important in your supply chain operation’s performance, such as people, projects, and performance, especially when it comes to expense and cost management. Since things change and people change at a rapid pace, your supply expense cost structure can change almost overnight. How would you know that it changed if you didn’t have a process in place (like supply chain radar) to identify your performance gaps?…”
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Articles On-The-Go: How Important is Price in the Healthcare Value Analysis Equation?
On this week’s episode of Power Supply Articles On-the-Go, Bob Yokl argues for looking beyond a price-only view of your Supply Chain responsibilities.
“If you are just attacking the price at the pump, then you are missing huge savings opportunities in your products, configurations, deliveries, and disposal cost. While price is important, it pales in comparison to your total cost of acquisition to disposition of everything you are buying. That’s why price is only 38% of the value equation and the balance of your product, service, and technology cost is 62%. What cost drivers will obtain the best return-on-your-investment if you put them under your value analysis microscope? I’m sure you now know the answer to this question…”
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Articles On-The-Go: Healthcare Value Analysis: Diagnose Before You Prescribe A Solution
On this week’s episode of Power Supply Articles On-the-Go, Bob Yokl describes the importance of diagnosing your healthcare Supply Chain challenges before trying to implement a solution.
“The simple truth is that we, as an industry, are treating symptoms of a problem more often than the actual cause of the behavior with so-so results. To correct this behavior, diagnose before you prescribe a solution. This will enable you to root out the causes of your cost and quality issues and then stamp out all waste and inefficiencies in your supply streams…”
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