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.
Avoiding Mistakes in Healthcare Site Selection
Can Rural Hospitals Be Saved?
Ascension Saint Thomas Breaks Ground on Hospital and Health Campus in Tennessee
The Hidden Risks of QAC Disinfectants in Healthcare Facilities
Sprinkler Compliance: Navigating Code Mandates, Renovation Triggers and Patient Safety