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Medical Equipment Inventory – A Key Part of Supply Chain Optimization

When maintained correctly, medical equipment inventory becomes an important part of improving equipment management in a healthcare organization, which in turn plays a key role in enhancing the company’s bottom line.   With better equipment management comes improved access to, quality of, and use of medical devices; as well as constructive insight into the company’s… read more →




Management Consulting in Healthcare

In their work, management consultants use their skills, knowledge, and expertise to enhance management and organizational performance by driving process improvements.  The changes they generate and implement bring value to a company through proactive and reactive improvement efforts that can help any organization course-correct its operations and obtain higher standards of performance and efficiency.  What… read more →




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 →




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