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SPANNING THREE DECADES OF VALUE MANAGEMENT LEADERSHIP

APRIL 25, 2002

SUPPLY/VALUE CHAIN OPTIMIZATION

Robert T. Yokl-President, The HCP Group, Ltd. 

Managing your supply/value chain is different from optimizing it.  Managing it is a function of planning, organization and control. Optimizing it requires new strategies, tactics and tools to remove the non-value added steps that have crept into it or been designed into it over the years without being noticed.  Supply/Value Chain Optimization (SVCO) is the systematic evaluation of all elements of a healthcare organizations supply, processing and distribution functions vertically or horizontally with the objective of removing non-value-added methods and practices.  The foundation of Supply/Value Chain Optimization philosophy is that, “there is more than one way to accomplish a business objective”.

SVCO begins with understanding your current situation (electronic-flow, information-flow, material-flow, forms-flow, work-flow and people-flow) by identifying, evaluating, and analyzing your supply/value chain elements.  Then SVCO envisions a future optimizing state that removes all barriers, bottlenecks, disconnects and waste and inefficiencies from your supply/value chain with a minimum of links to slow it down.  The number one smart strategy for taking cost and inefficiencies out of your supply/value chain is by employing the tools and techniques of Strategic Value Analysis™ (www.valueanalysis-web.com). 

Strategic Value Analysis™ (SVA) will give you the process steps and analytical tools to identify, evaluate and optimize your supply/value chain to find savings by looking at the big picture. SVA will enable you to understand how your products, services and technologies flow through your healthcare organization; identify and classify customers, stakeholders and experts who have knowledge of your supply/value chain; define the functional requirements for your supply/value chain; secure all pertinent information about your supply/value chain; identify lower-cost alternates that meet your customer’s exact functional requirements; estimate the dollar savings of each proposed alternative and prioritize them; develop the planning and execution phases necessary to successfully launch your optimized SVCO and provide a mechanism to document all changes, savings and best practices that will now be institutionalized at your healthcare organization.

If you have been looking for a culture-changing methodology to put your supply/value chain under a microscope, now is the time to make an impact at your healthcare organization with this newly emerging best practice – Strategic Value Analysis™.

 Copyright © 2002 The HCP Group, Ltd.

Robert T. Yokl, President, The HCP Group, Ltd., has over 35 years of experience as a consultant and manager in the field of Supply/Value Chain Management and is one of the country's leading healthcare experts in value analysis, value engineering and materials management. He is the developer and program leader of the award winning Certified Value Analysis Practitioner Training Program™. Mr. Yokl is also the developer of the healthcare industry's leading ValueNetCentral™ Value Analysis Software. Over the past two decades he has trained thousands of healthcare managers in his patented Strategic Value Analysis™ and Team-Based Project Management™ processes and has assisted scores of organizations in developing their own value management programs. He has published six books, videos and audios on supply/value chain management. His latest book being, “ Strategic Value Analysis™: The #1 Smart Strategy for Taking Cost Out of a Healthcare Organizations’ Supply/Value Chain”.