Strategic Value Analysis In Healthcare

Weekly Strategic Value Analysis Newsletter

Fast Target Savings

Strategis^TM Value Management

ValueNet Central ^TM Value Analysis Software

About HCP

Client List

Articles and White Papers

Contact HCP

SPANNING THREE DECADES OF VALUE MANAGEMENT LEADERSHIP

May 28, 2003

Value Analysis: The Key To Supply Chain Management Success

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

 

“We Are All Searching For The ‘Magic Bullet’ To Dramatically Improve Our Supply Chain Management Success, When We Already Have It In Our Grasp.”

We are all searching for the “magic bullet” to make our supply chain FASTER, BETTER, MORE NIMBLE and USER FRIENDLY by applying varied strategies and techniques to make this happen, but we have lost sight of the fact that we already have the most powerful tool in our arsenal of weapons to do so – VALUE ANALYSIS!

Although value analysis is widely applied to reduce and control a healthcare organization’s supply expenses, we can also successfully apply the same concept of value analysis to refining and streamlining our organization’s supply chain.

Value Analysis Is A Strategy

All positive supply chain management improvements start with a strategy (plan, line of attack, or approach) to modify, transform or revolutionize a product, service, technology, process or system within a healthcare organization’s supply chain.  No better plan, method or stratagem has been devised to re-invent a supply chain than the scientific process called value analysis.  By placing your supply chain under the value analysis microscope you can rapidly alter your supply chain into a faster, better, more nimble and user friendly process than any current fad, craze or trend that is blowing in the wind today.

Value Analysis Is A Process

To route out all waste and inefficiency in your supply chain you need a proven systematic repeatable process that can identify unnecessary, needless and superfluous methods and practices that are barriers to optimizing your supply chain.

VALUE ANALYSIS IS THAT PROCESS!  It will enable you to quickly identify, clarify and separate the essentials from the nonessentials in your supply chain.  And will re-invent your supply chain where necessary to provide your customers with what they absolutely, positively need and no more to perform their critical functions.

Value Analysis Is The Perfect Fit

If you are looking for 25% to 50% more efficiency in your supply chain, both in qualitative and quantitative results, then by employing value analysis as a strategic weapon you can have a perfect fit with your goal of optimizing your supply chain. 

Value analysis has a track record of “disciplined thinking” and for over 60 years, of holding quality while reducing waste and inefficiency in products, services, technologies, processes and systems worldwide starting with the General Electric Company in the 1940s.  Why experiment with passing fads, crazes and trends to optimize your supply chain, when you have a “magic bullet’ in your grasp --- value analysis.

 

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”.