title: Not your father's supply chain. Following best practices to manage inventory can help you save big.
abstract: Today, supply chain metrics should be more strategic rather than transactional in nature. They should provide a for greater understanding of the relationship between supply chain manage ment, clinical outcomes and patient safety. In addition to taking a comprehensive look at inventory value, materials managers should assess strategies to reduce theft and consider third-party logistics managers where appropriate. This article provides direction for best practices in inventory management and suggests supply chain metrics that can be employed to improve performance.
authors.affiliation: PricewaterhouseCoopers, USA.
authors.forename: Michael
authors.initials: M
authors.lastname: Darling
authors.forename: Sandy
authors.initials: S
authors.lastname: Wise
mesh_terms: D017046:Cost Savings / Q000191:economics*; D017408:Guidelines as Topic; D007445:Inventories, Hospital / Q000191:economics / Q000458:organization & administration / Q000592:standards*; D014481:United States