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.
Two Steps to Controlling the Hot Zone
RiverSpring Living Breaks Ground on River's Edge Senior Living Community
Encompass Health Reveals Plans to Build Inpatient Rehabilitation Hospital in Post Falls, Idaho
Creating Compassionate Spaces in Healthcare
Study Shows Connection Between Odor and Patient Experience