Supply Chain on Healthcare Organizations

Supply Chain Management
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Supply Chain Management
A healthcare organization's supply chain management oversees that all activities involved in delivering medical equipment and services to hospitals and patients effectively. The products are usually lifesaving, and delays in distributing such items might lead to patients' death. As such, supply chain management is crucial for a healthcare organization and can significantly influence the financial position of a firm.
Supply chain management enables healthcare organizations to have better and organized logistics when selecting high-quality and affordable products that can be distributed within a short period. When it comes to healthcare institutions, a logistic system is crucial since it facilitates timely, reliable, and safe delivery of medical equipment at reasonable prices (Mathur, Gupta, Meena, & Dangayach, 2018). Additionally, supply chain management increases products' visibility and cost transparency as goods move from producers to consumers. Supply chain managers establish effective communication between producers and healthcare organizations. On that note, medical equipment is delivered on time, which enhances patients' wellbeing.
Supply chain management significantly affects the financial position of an organization. Indeed, it facilitates creating a dependable supply chain and promotes the operational effectiveness and effici...