Just-in-time buying can control supply chain costs

But some say it's too risky to keep inventories lean


Just-in-time buying can control healthcare facilities' supply chain costs, but some say it’s too risky to keep inventories lean, according to an article on the Healthcare Finance website. 

Just-in-time purchasing benefits the industry by lowering the carrying cost of inventory.

It 't without financial risk, however. The biggest — and the reason it took this type of inventory management a while to catch on in healthcare — is the potential lack of availability of a product under the system.

For example, when a patient procedure must be rescheduled because an implant, due to arrive the night before, is unavailable.

Read the article.

 

 



May 13, 2015


Topic Area: Maintenance and Operations


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