The latest supply-chain news, analysis, trends and tools for executives in the healthcare industry. Learn how healthcare companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
Some of the biggest tech giants Monday agreed to build health care products that use a common set of standards in order to make it easier to share medical data across hospitals. What’s more, these are open standards and specifications aimed at encouraging “frictionless data exchange.”
Modern technology has empowered electronics manufacturing and supply chains to span the globe, and yet, many organizations still cling to outdated forms of both sourcing and procurement. Why is that? There’s some level of comfort in the old way of doing things, but even these methods come at their own costs.
Today’s top companies like Amazon, Facebook, Google, and Apple have taught consumers to hold digital experiences in the highest regard. This has led manufacturers to digitize as many elements of their supply chain as possible. Not only does this increase the ease of procurement and sourcing, but it also positions your company as a leader in the growing digital age of manufacturing.
The first step in your digital transformation should be to embrace modern technology. Digital procurement, or E-Procurement, is one such way to bring your outdated processes into the modern era.
Sipping a lemon-flavored VitaminWater at a sprawling complex of laboratories and offices in Tarrytown, New York, Leonard Schleifer, the 66-year-old cofounder of Regeneron Pharmaceuticals, is, as usual, criticizing the pricing practices of other drug companies. (He once told the chief executive of Pfizer: "You're not entitled to a fraction of the GDP.")