Our very own Tom Redding was quoted in a recent Healthcare Purchasing News article about the effects of AI on the healthcare supply chain industry. Tom discussed which types of facilities will benefit from increased AI usage. Use the link below to read the article!
“Unfortunately, the healthcare supply chain primarily has a transactional relationship with their health system,” Redding lamented. “There is a significant potential to gain insights from transactional history to inform future purchasing decisions. Additionally, it may inform any contract negotiations with their suppliers to ensure they can meet the organization’s total demand requirements and the anticipated demand variation. Health systems are stuck in the allocation model, which drives them to seek other product options during peak periods.”
AI can assist supply chain operations within clinics, surgery centers and other non-acute facilities, too, Redding stresses.
“With more ‘low-demand’ non-acute facilities coming online in the coming years, there’s a need to continually monitor demand and adjust the available units of measure,” he noted. “There are opportunities to right-size the required units of measure. Manufacturers spend a considerable amount of time trying to determine the packaging size to optimize their costs but that doesn’t mean it meets the needs of their customers.”
Click here to read the article!