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.
Regulations Take the Lead in Healthcare Restroom Design
AHN Allegheny Valley Hospital Opens Expanded Inpatient Rehabilitation Unit
HSHS and Lifepoint Rehabilitation Partner on New Inpatient Rehab Hospital in Green Bay
Turning Facility Data Into ROI: Where Healthcare Leaders Should Start
Sutter Health Breaks Ground on Advanced Cancer Center and Care Complex