Bringing Big Data to Bear on Supply Chain Optimization
In 2020, supply chain costs are projected to surpass labor as the greatest expense for the average hospital. That’s why the supply chain continues to be a main focus of cost-reduction efforts. Moving forward, however, hospitals are making strategic and data-driven supply chain changes to bring about more effective care delivery. Gone are the days of relegating supply chain to a cost-reduction target. In fact, larger hospital systems have elevated the supply chain leader’s role to a C-level position, reflecting the sophistication required for an optimized supply chain.