Healthcare

It is operating in vastly restricted and regulated environment. We understand the competing challenges today’s healthcare organizations face, including stringent patient safety standards, new legislative initiatives, complex compliance and reporting requirements related to the Affordable Care Act, increased competition, and the rising consumerism of patients. These and other dynamic issues are compounding the demands on CIOs’ already stretched budgets and resources. 

As the IT departments strive to improve operational efficiencies, optimize and integrate processes, and enable access to high-integrity data across a secure enterprise, they must also find ways to cut costs and support strategic initiatives. A typical health care supply chain is a complex network of many different stakeholders at different stages of the value chain. The nature of this industry is such that demand is highly volatile and intermittent. 

The current approach in the supply chain process leads to the following inefficiencies:

• The forecast accuracy is based on historical consumption patterns, which is poor.
• There are very few suppliers worldwide, that too based in a foreign country hence the supply reliability is poor.
• The demand is always higher in life science and healthcare industry, hence higher inventory levels at all stages of supply chain.
• To work upon supply chain process, more number of manpower is involved.