The integration of supply chain management provides greater flexibility for the business to scale the process according to their needs. Several small & medium enterprises are adopting the supply chain management system with the aim to enhance the scalability and efficiency of the process and reducing cost. The supply chain management system helps in minimizing failure and reliable tracking of the whole process.
Supply chain usually refers to the resources needed to distribute goods or services to the end user. In healthcare, managing the supply chain is normally a very complex and fragmented process. Healthcare supply chain management is a process of obtaining resources, handling supplies and distributing goods and services to providers and end users. To complete the process, information about medical components and services usually go through a number of independent stakeholders, including manufacturers, insurance companies, hospitals, providers, group purchasing organizations and several regulatory agencies.
Supply Chain Management is involved with the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. The end goal of Supply chain management is to reduce inventory cost for an organization .Supply chain management is a very complex and fragmented process. Supply chain management solution helps in centralizing the information about every process of supply chain.
Supply chain management is the tool that is used in managing supplier relationships, executing supply chain transactions, and controlling associated business operations. Supply chain management help to raise output, reduce the cost, lower delay, and higher efficiency, henceforth increase demand for fuelling the growth of the supply chain management industry.
The Leading Players Covered in this Study
- Advocate Health Care, Inc.
- AmerisourceBergen Corporation
- Intermountain Healthcare
- McKesson Corporation
- Providence Health & Services
- SAP SE
- STERLING HEALTHCARE LOGISTICS.
- Vizient Inc.