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Inventory as a Tool – A Healthcare Perspective

For healthcare organizations, inventory can be an important and powerful tool for controlling effective equipment management programs and providing better access to, quality of, and utilization of medical devices.    Accurately managed inventory can also be used for forecasting, developing budgets, performing risk analysis, risk management and mitigation, developing replacement and disposal practices, maximizing optimal… read more →




Working Capital Optimization: Safety Stock

When it comes to inventory management, companies often underestimate the importance of safety stock and the need to maintain optimal levels.  While it may seem like the path of least resistance from a service level standpoint, holding excessive inventory stock level leads to suboptimal working capital management and, as a result, hurts profitability by curbing… read more →




FOCUS PDCA – A Lean Tool For The Healthcare Industry

With a core objective of maximizing customer value while minimizing waste, Lean management principles are widely used in most industries, and healthcare is no exception. FOCUS PDCA is a Lean tool developed by the Hospital Corporation of America to specifically address the complex challenges the healthcare industry faces from increasing quality demands and continued pricing pressures.  The… read more →




The Impact of the 5S System on the Healthcare Workplace

The 5S organization system is a fundamental part of Lean consulting. A tool designed to improve efficiency, it uses a systematic approach to organization and cleanliness in the visual workplace.  Like Lean, 5S was created in Japan and because the original “S” terms were in Japanese, the English translations for each of the five steps… read more →




Cycle Stock and Its Role in Inventory Management

In today’s marketplace, deciding how much inventory to carry is by no means a simple task. With the growth of eCommerce and a competitive international trading scene, inventory managers are finding it harder to make accurate projections to stock their inventories. In such a scenario, we are seeing more project managers depending on safety stock… read more →




The Multiple Pieces of Operating Room Turnaround Time and the Hidden Elements of Waste Between Them

By Allison Newman Most hospitals define turnaround time as previous patient ‘wheels out’ to the next patient ‘wheels in’ – where ‘wheels out’ and ‘wheels in’ are the exact times that a patient bed rolls out of or into an operating room (OR). This is a key metric in determining OR efficiency, as long turnarounds… read more →




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