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.
Alleged Ransomware Administrator Extradited from South Korea
Design Plans Unveiled for New Intermountain St. Vincent Regional Hospital
Ground Broken on New Pediatric Health Campus in Dallas
Pre-Construction Strategies for Successful Facilities Projects
Geisinger Finds Success with Violence Prevention Efforts