Blog

Found Money: How to Clean Up Preference Cards to Cut Inventory Spend and Boost Margins

March 23, 2016 Topics: Media, News

Featured on March 30, 2016, as one of “Today’s Top 20 Health Finance Stories” at Becker’s Hospital CFO, Steve Simco and Dave DuBose discuss how heightened cost pressures are forcing hospitals to look for ways to reduce wasted spend.

“In fact, in a recent survey, hospital executives said finding cost savings to meet their current-year objectives is one of their top challenges. The supply chain—more specifically, inventory and order management processes—is a natural place to look for savings. A study from the International Journal of Supply Chain Management shows that inventory and order management costs account for 61 percent of total supply chain costs (or $61 million per year for a typical large healthcare provider).”

Read the rest of the article here.

Subscribe For Insights

"*" indicates required fields

Consent
By clicking submit below, you consent to allow Sedlak to store and process the personal information submitted above to provide you the content requested. You can unsubscribe from these communications at any time.

Recent Posts
View All

It was great to see that ProMat was so well attended this year! After the past few years it was good to reconnect with friends and colleagues.

It is our pleasure to announce the following promotions and congratulate each of these Sedlak associates on their achievements! Rob Bober, Manager.

Sedlak maintains relationships with a number of key suppliers, which include integrators, third party logistics providers, and providers of material handling equipment and storage media, information technology, robotics, real estate, and construction. We work with these suppliers in order to keep our staff abreast of vendor capabilities, product offerings, industry news, and to obtain competitive […]

Automation is rapidly becoming essential, not optional, in addressing today’s supply chain challenges. While the main focus of automation has always been on optimizing the picking function, where the majority of labor is required, there are opportunities to utilize AMRs and other automation technologies to improve performance throughout an operation, including replenishment, Value Added Services […]