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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- November 2, 2006
Robert T. Yokl
President & Chief Value Strategist
Greetings!
Do you feel like you don’t have enough time to save money!
I’m often told by supply chain professionals that they don’t have enough time to save money because of all of the other pressing problems, initiatives and day-to-day pressures they have just to keep their ship afloat. While on the surface this seems to be a legitimate complaint I have found that in truth this is a weak excuse to do little or nothing to save money.
As I see it, supply chain professionals are hired to perform three mission critical jobs, in this order of importance: (i) service your customers, (ii) save money and, (iii) be a policeman. Therefore, it is your job to prioritize what you are doing so that you always keep focused on these three jobs. If you are spending more than a third of your time on any one of these areas of responsibility then you need to investigate the reason why this is happening, then fix it so you can get back into a balanced situation.
More importantly, these three jobs need to be automated, mechanized and programmed so they can almost be on autopilot. Then you will have even more time to devote to your special projects and still stay laser focused on the three jobs you were hired to perform.
So, if you think you don’t have enough time to save money, maybe it’s not a function of time, but how you set your priorities that are holding you back from saving more money for your healthcare organization.
Your Partner in Supply Chain Savings,
Robert T. Yokl
President & Chief Value Strategist
3 Ways To Fully Engage Your Senior Management In Your Supply Value Analysis Initiatives
“Involvement Is The Key To Engaging Your Hospital or Healthcare Organization's Senior Management”
One of the huge disconnects that I observe with supply value analysis programs that leads to their early demise is not having your senior management fully engaged in your SVA program from the start.
Most Supply Value Analysis programs are led, managed and controlled by supply chain management staff without the leadership of senior management who can provide your Supply Value Analysis program with the legitimacy, credibility, and power to leap over problems, barriers and roadblocks with a single bound.
Here’s three surefire ways to fully engage your senior management in all of your supply value analysis initiatives:
1. Steering Committee
If you don’t have a supply value analysis committee composed of senior management representatives to guide, monitor, direct and arbitrate disputes, then you are missing a crucial success component of your Supply Value Analysis program. Without this steering committee you will never reach the heights necessary for sustainability of your Supply Value Analysis program.
2. Team Champions
It should be a requirement that each of your value analysis teams has a senior management representative as its champion to fill the role of supporter, arbitrator and one of your leaders of your teams. Without this champion in place your value analysis team will be weak and fragile as opposed to strong and muscular.
3. Team Leaders
It’s also the role of your champion to be a vigorous campaigner for your value analysis team’s initiatives. Meaning, it is also the champion’s role as one of your team leaders to actively engage your clinicians in dialog about why they are doing what they are doing and then sell them on your value team’s savings ideas. This isn’t a passive role but an active role that fully engages your senior management in your value analysis process.
The reason that you want your senior management actively involved in your Supply Value Analysis program is that their active involvement will bring about ownership of your organization’s Supply Value Analysis program. This ownership will then bring about a senior management commitment, obligation and dedication to your Supply Value Analysis program that you never dreamed possible.
That’s just for starters! This new senior management commitment will have the affect of elevating your Supply Value Analysis program to new levels of savings and quality performance.
DID YOU KNOW…
That having a “Culture of Data” is the best way to have honest, truthful and candid discussions about your organization’s challenges and opportunities. Without this “Culture of Data” you are only guessing and presuming to know the answers, which is a big waste of time and energy for all of us.
© 2006 - The Strategic Value Analysis in Healthcare, P.O. Box 939, 3887 Skippack, Pike, Skippack, PA 1-800-220-4271
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