Strategic Supplier Relationships Collaborative Knowledge Transfer
Hosted by Vizient
Thursday, July 27 | 12:00-1:00 pm | Webinar
REGISTER HERE
Please join us as Vizient® reveals the findings of the Strategic Supplier Relationships Collaborative. Register to hear from industry leaders as they share lessons learned and valuable takeaways that one can consider implementing within your organization.
Unnecessary hospital spending on supply chain products and related operations and procedures has reached about $25.7 billion a year and the potential savings opportunity to improve this spend represents up to 11%1. A Harvard Business Review article informs that organizations do not need to be convinced that in today’s healthcare climate, partnerships are the supply chain’s lifeblood. “The issue is not whether healthcare organizations should turn their arms-length relationships with suppliers into close relationships, but how?” 2 Creating and maintaining strategic supplier relationships is a continuous cycle of improvement and requires agility. When the process is done effectively, strategic supplier partnerships help organizations achieve savings and reduce unnecessary spend. Accelerate performance and improve strategic supplier relationships together by increasing transparency, visibility, engagement, and commitment within your organization.
Attendee benefits:
- By joining this session, participants will learn about the findings of the Strategic Supplier Relationships Collaborative
- Gain expertise in how to leverage a performance improvement framework to improve organizations’ strategic supplier relationships
- Learn how suppliers can play an integral role in helping your organization achieve its commitment in aligning cost, quality, market performance and patient outcomes
Contact
If you have questions about this benchmarking study please contact LaTammy Marks at latammy.marks@vizientinc.com or for logistical help contact Claudia Friedel at claudia.friedel@vizientinc.com.
About Vizient Member Networks offering
Vizient is the nation’s leading health care performance improvement company. Vizient Member Networks connects member organizations to create modern solutions for modern problems through our preeminent peer networks, where we foster collaboration and improvement in a trusted environment. It is not by coincidence that the Top 20 U.S. News & World Report BEST HOSPITALS utilize both the Vizient Clinical Data Base and Vizient Member Networks.
Sources:
- Lagasse, J. Healthcare Finance. 2019. Unnecessary healthcare supply chain spending reaches almost $26 billion; savings opportunities remain. https://www.healthcarefinancenews.com/news/unnecessary-healthcare-supply-chain-spending- reaches-almost-26-billion-savings-opportunities
Liker, J., Choi, T. Harvard Business Review. December 2004. Building Deep Supplier Relationships. https://hbr.org/2004/12/building-deep-supplier-relationships
Our partners have demonstrated that they can deliver ready-to-deploy products or services that meet hospital needs and the highest standards of quality and customer service. They are chosen through a rigorous screening process that results in a mutually beneficial contractual relationship. Partners agree to offer their products to SCHA member hospitals at the best possible price through an agreed-upon contract. For more information, visit Solvent Networks, follow us on Linked In or watch HERE.