Tag: "product"

Value Analysis Begins & Ends with Training

Value Analysis Begins & Ends with Training

VA training is the foundation for reaching even higher levels of savings There seems to be an aversion by value analysis practitioners to value analysis training in our industry. This is because there is a universal belief in value analysis circles that value analysis can be self-taught and learned by doing. Nothing can be further […]

The Future of Supply Chain Expense Management: Utilization Management

The Future of Supply Chain Expense Management: Utilization Management

www.utilizerdashboard.com – Saving millions for hospitals and healthcare organizations throughout the country Fill in the blanks about your Price Savings (     )     Are your group purchasing savings becoming smaller and smaller? (     )     Is your product standardization substantially completed? (     )     Have you had increases in your group purchasing contracts last year? (     )     Are you scraping the barrel […]

Value Analysis Steering Committee: A Value Analysis Prerequisite

Value Analysis Steering Committee: A Value Analysis Prerequisite

In each issue of HVAM we will provide our readers with the one basic proven and time tested tenet of value analysis to assist you to refine, enhance, and advance your value analysis processes. If you have any questions on this lesson, please contact us at bobpres@strategicva.com. We have worked with hundreds of value analysis […]

Ignoring A Customer In Your Value Analysis Process Can And Will Destroy Your Credibility

Ignoring A Customer In Your Value Analysis Process Can And Will Destroy Your Credibility

When we teach our clients’ value analysis team members in our Lean Value Analysis Program about the “Hierarchy of Customers” (internal and external), we start out by focusing on the obvious customer who is anyone who touches the product, service or technology through its life cycle. However, we also talk about the importance of identifying […]

Did You Know That Standardization Can Cost You Money?

Did You Know That Standardization Can Cost You Money?

Not all standardization is good for your healthcare organization’s bottom line. For over 40+ years, the healthcare supply chain industry has espoused standardization as a technique of choice for reducing and controlling their  costs. I cannot argue that if implemented strategically this will definitely reduce your supply costs. Unfortunately, we have seen hundreds of supply […]

The Seven-Percent Savings Solution

The Seven-Percent Savings Solution

Why do we continue to pursue 1%, 2% or 3% savings solutions (i.e., price), when a 7% savings solution (i.e., utilization) is just as easily obtainable? For instance, I know of healthcare organizations that have spent months to achieve a 3% savings on their cardiac rhythm management products, when a 7% to 15% savings was […]

Control and Verify Your Savings Before, During and After Implementation

Control and Verify Your Savings Before, During and After Implementation

Assume nothing, verify everything with your own eyes! Did you know that the word “savings” is the most misunderstood word in our supply chain business? We use it every day to describe cost reductions and cost avoidance, and then report it to our bosses as gospel, but do we really know what the word “savings” […]