Supply Chain Management Strategies for Health Care Companies

Supply Chain Management pic

Supply Chain Management
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For the better part of four decades, DV Medical Supply has delivered high-quality medical and pharmaceutical supplies for clients operating in various health care sectors. Thanks to its prompt, personal service, DV Medical Supply helps ensure maximal supply chain integrity for health care organizations.

Health care supply chain management represents an essential consideration for companies looking to reduce waste and maximize revenue. Companies often begin by taking an in-depth look at their costs, focusing on hidden costs such as management and movement of supplies and inventory holding. In the same vein, health care organizations must identify sources of financial waste and rectify them as quickly as possible. A common way to reduce financial waste is to standardize inventories available to clinicians, avoiding potentially costly preference items from each physician.

Outside of reducing financial waste, inventory management is a key component of supply chain management. Thanks to technological advances, health care organizations can use comprehensive tracking systems to understand how supplies flow in and out of their inventory. Using this data, companies can make informed purchasing decisions and reduce inefficiencies due to poor inventory management.

Advice for Managing Conflicts in Family Businesses

 

Managing Conflicts pic

Managing Conflicts
Image: familybusinessinstitute.com

Placing its focus on providing high standards of customer service and competitive pricing to its customers, DV Medical Supply offers a range of medical, pharmaceutical, and surgical supplies to the veterinary and medical industries. Family operated, the company was founded by Neal Hyams in 1978 and is now overseen by his wife, Dr. Stephanie Ferguson, who took the reins of DV Medical Supply in 2005.

Conflict in family businesses is often magnified due to the strength of the emotional bonds involved. As completely as possible, business issues should be kept separate from personal ones. For many, this involves creating set communication protocols that define the topics that can be discussed in the context of the business, and those that should be avoided.

Removing the family from the business environment for short periods of time can also prove beneficial, as many run the risk of becoming so invested in their professional lives that issues bleed over into their family lives. Family retreats are an ideal way to strengthen bonds and improve communication within the family, while also offering time away from the pressures of running the business.