Savings Beyond Price™
Innovative Supply Savings and Quality Solutions That Work
by Strategic Value Analysis® in Healthcare
Did You Know...?
That Value Analysis Was Developed Back In the 1940's After World War II as a Way to Find Lower Cost but Higher Quality Alternative products and methods. This was Due to the Lack of Material Resources At The End of The War.
Savings Beyond Price -Weekly eNewsletter - April 14, 2010
Robert T. Yokl
President & Chief Value Strategist
Too Much Information – Think about a Dashboard
Greetings,
It’s hard to believe that we have so much information to manage these days. When I was a material manager my biggest concern was keeping track of my inventory turn numbers, but now I can think of at least 229 categories of supply chain performance metrics that we must keep our eye on for our clients. To our dismay, these mission critical statistics are growing every day, week, month and year that we have been in business.
For example, we are now tracking and trending our clients drug eluding vs. bare metal stent utilization, which we added to our dashboard dictionary about eight months ago. We now are also working with a few of our clients on a beta test to study their drug utilization, since we have uncovered huge utilization misalignments in this expense category. As you can see, measuring and managing your supply chain performance data is a never-ending, but necessary chore if you want keep ahead of our ever changing healthcare environment.
I used to keep this vital information on spreadsheets, where I would always delete numbers by mistake. After a few quarters or years I became completely confused over what number should go into which columns because I couldn’t see my headers any longer.
Worst of all, I was frustrated since I couldn’t dig and drill down immediately to search for the answers on why I was having significant changes in my client’s metrics. It then took me weeks to compile this information off line and on line so that I could begin to analyze the changes in my client’s data.
All of this grief stopped straight away when we developed a dashboard. This captured all of our client’s supply chain data, then sliced and diced and analyzed it. It then generated graphical, statistical and trending reports that could easily be understood and that were actionable for our clients.
So if you are having too much information to manage as we did, then think DASHBOARD to stop the madness of having the right data, at the right time, in the right format so that you can understand and then act on any and all changes in your supply chain operations.
Wouldn’t you agree?
Your Partner In Savings Beyond Price™,
Robert T Yokl
Chief Value Strategist
Strategic Value Analysis® In Healthcare
1-800-220-4274
P.S. If you would like to see what a dashboard can do for you, why not sign up for a “test drive” of our Utilizer® Dashboard today. I can guarantee you that it will take the hassle out of your supply chain data management -- forevermore!
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