article thumbnail

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

All of the above (and other down-stream KPIs and processes) are heavily influenced by the accuracy of a demand forecast: if the demand forecast is much more accurate, a company is more likely to have the right product, in the right quantities in inventory and will have less of the products in inventory that is not required. Louis, M.S.

article thumbnail

Nursing Hospital and Healthcare Supply Into a New Age

Logistics Bureau

Vendor-managed Inventory. While this form of inventory management may not totally transform a healthcare supply chain, many healthcare providers have turned to VMI as a way to improve service and cost performance. Scanning For Improvement in the Hospital Supply Chain.