The medical or health care industry is one of the world's largest and fastest growing industries, and includes medical equipment suppliers, pharmaceuticals, healthcare services, biotechnology and alternative medicine sectors. In the United States, health care consumes 16% of the gross domestic product (GDP) or $2.4 trillion annually. The American Medical Association, the American Hospital Association and other healthcare groups are hard at work, looking for ways to slow the pace of health care spending. Health care organizations, particularly hospitals, must improve their financial performance in order to remain viable.
Challenges, Opportunities, Supply Chain and Wolverine Assemblies
With the Asian domination of the manufacturing sectors, North American manufacturers have become importers and distributors. Regulatory pressures and margin compression have driven many providers to take their supply chains into their own hands. There is an increased focus on efficiency and improved customer service.
Wolverine Assemblies (WA) can assist any healthcare organization optimize supply chain operations. The company’s services address a key strategic imperative for optimizing health care supply chains: real-time visibility. WA’s supply chain management solutions provide these fundamental capabilities:
- The ability to track and trace products throughout the supply chain
- Real time information about product availability and status of shipments
- Improved on-time delivery
- Reductions in lead time and lead time variability
Supply chain management costs cannot be managed in a vacuum; they must be addressed in the context of total cost of the patient encounter. WA provides operational excellence in requisition, purchasing, receiving, inventory, delivery and payment, as well as, processes and technology.