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.
Designing for Caregiver-Centered Support Spaces
Novant Health Gets Approval for Wesley Chapel Medical Center
Rocky Mountain Associated Physicians Falls Victim to Data Breach
The Disconnect Between EVS and Clinical Teams
Nemours Children's Hospital Opens Institute for Maternal Fetal Health in Delaware