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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 E-Zine- December 6, 2006
Robert T. Yokl
President & Chief Value Strategist
Greetings!
Keep Your Value Analysis Teams Small!
It’s not unusual to find value analysis teams with 20, 25, or even 35 members in healthcare today. However, is this the most efficient and effective size for a value analysis team? The answer is NO!
The most effective size is a team that can be fed on two large pizzas!
Why! This forces you to break up projects into doable, measurable chunks, so your project managers can be held accountable for their actions.
On the other hand, having a team the size of a football team slows down the action, weakens your team’s performance and promotes “group think”
Keep your value analysis teams small and you will find that they will actually jump higher, sprint faster and save more money for your healthcare organization than unwieldy and unmanageable extra-large teams.
Your Partner in Supply Chain Savings,
Robert T. Yokl
President & Chief Value Strategist
P.S. If you want to learn more about successful teaming, check out our Past Newsletter Archive (Over 400 Articles!) for more information.
4 Powerful Steps To Prepare Your Organization For Value Analysis Success!
“Adequately Preparing Your Organization For Value Analysis Is The Critical Success Factor In Achieving Sustainable Results”
To achieve a state where value analysis becomes a natural way for your healthcare organization to do business you need to prepare your organization by:
1. Creating a Business Case for Change
I was just talking to a client of ours who is trying to convince his board of directors that they need to change their operating practices before their reimbursement shrinks or dries up all together. I told my client that he needed to create a “business case” to convince his board that now is the time for change, not next month, not next quarter, not next year. I told him that a good theme for his presentation to his board would be, “It wasn’t raining when Noah built his ark”, to get his board focused on the future, not just today.
You need to do the same thing before you launch or re-launch your own supply value analysis program. Build a “business case” for change with your senior management or you will never get your supply value analysis program off the launching pad.
2. Developing a Shared Vision That’s Logical
You need to develop a mental picture or visualization for your senior management and your department heads and management that is logical and makes sense to them if you want to have a sustainable supply value analysis program.
For example, you could ask them to imagine how it would look 18 months from now when your value analysis team(s) have “wrung the towel dry” in savings for your healthcare organization. Then hold those gains going forward! I’m sure that this could be developed into a shared vision for your organization without too much arm twisting.
3. Building your foundation on teamwork
Supply chain savings is “everyone’s business”, not just a supply chain manager’s business. Therefore, you must organize your department heads and managers in teams to make meaningful and significant supply savings happen. This then would give you a foundation of teamwork that would share the workload with many vs. just a few at your healthcare organization.
4. Arming your project managers with the Right Tools And Training to Manage Change
You wouldn’t send an army to fight a battle without the right equipment, tools and training. It’s the same with value analysis! You don’t want to send your project managers into battle to save money without the right tools and training to manage change. If you do, you can expect a lot of lost battles because your department heads and managers will be better prepared to hold on to their old practices, then your team members are to fight change.
We are all are looking for that magic bullet that will make our supply value analysis program successful – right from the get go – but in reality there is no magic bullet. Just strategies, tactics and techniques that will prepare your senior management and department heads and mangers for the journey you will be taking them on when you launch or re-launch your supply value analysis program.
DID YOU KNOW…
In 1899 it was thought that “everything that could be invented was invented”!
© 2006 - The Strategic Value Analysis in Healthcare, P.O. Box 939, 3887 Skippack, Pike, Skippack, PA 1-800-220-4271
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