Tribridge Connections

A Technology, Cloud Solutions & Industry Expertise Blog


Materials Management Demands Dedicated ERP Software for Healthcare

Published: March 13, 2015
Damon Auer, Vice President, Health and Life Sciences for Tribridge Read More

Supply chain solutions are prevalent across industries, and while the details of the shipments and schedules may vary from one organization to the next, the underlying structures still serve the same core function - to organize and manage the steady flow of resources and equipment necessary to fulfill key objectives. In the healthcare field, however, materials management has fallen behind the pack in terms of technological support, meaning that institutions everywhere are missing out on powerful efficiency advantages. In such a high-stakes arena, this reality is unacceptable. 

It's time for CIOs to reverse this trend and rebuild the supply chain with dedicated ERP software for healthcare, using the solutions that support general ledger operations to strengthen inventory management and predictive procurement capabilities. Decision-makers who deploy these specialized programs to enhance their visibility and control over their materials needs will find that the benefits far outweigh the time and effort it takes to put these new systems in place. 

It Goes Deeper Than Cost-Cutting

When most healthcare leaders consider implementing a new IT solution, their minds tend to turn to a cost-benefit analysis - and for good reason. The industry is known for its pricey procurement needs and an ever-changing landscape of tools and technologies that require heavy capital investment. When it comes to materials management, financial advantages are indeed a compelling factor, but I believe that patient care and service quality also see a major boost when organizations gain greater insight into the supply chain and make smarter purchase decisions as a result. A recent article from Supply Chain Digital echoed this concept, asserting that next-gen healthcare procurement methods will play a major role in how institutions ultimately serve their patients and deliver results to stakeholders. Global Healthcare Exchange reportedly conducted a series of interviews with providers and suppliers, revealing just how critical the supply chain will be in years to come. 

"For the past 15 years, the industry has been laser focused on basic cost-cutting initiatives," said Bruce Johnson, CEO and President of GHX, according to the source. "Today, healthcare has the opportunity to build off of those foundational changes to not only help solve the cost-quality equation, but also to influence the industry's future effectiveness."

New Solutions and Opportunities

As healthcare organizations seek to gain mastery over their supply chain operations, they'll need the support of software built specifically for their unique industry requirements. Materials management ERP solutions are designed to empower decision-makers with the knowledge and controls that bring value to each link in the supply chain.

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