December 30


6 Tips for Hospital Supply Chain Benchmarking

By Danielle Miller

December 30, 2021

benchmarking, healthcare supply chain, hospital supply chain, supply chain, supply chain benchmarking

1. If Your Are Not Benchmarking Then You Must Start Baseline Benchmarking Today – No Time to Waste

2. Start with Global Standards Such as Supply Cost as a Percent of Net Operating Expense to See If and/or When You Are Moving the Big Needle

3. Look to Departmental Benchmarks to Show You Which Departments are In Line/Out of Line with Their Supply Utilization

4. Go to the Commodity and/or Product Level to See Exactly Where Your Savings Opportunities Are – This Will Make It Much Easier to Attack the Savings

5. Start with a Spreadsheet, Then Turn it Into a Database for Ongoing Savings

6. Don’t Ignore the Power of Supply Chain Benchmarking – It May Start Out as a Major Challenge but In the End, It Will Be Your Best Ally In the Cost Management Fight

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