The hospital’s triage, operating room scheduling, and emergency medical services in healthcare industry act as regular roadblocks that demand precise planning with regards to logistics and operations research. Healthcare is one of the largest growing industries that employs optimization tools. The healthcare industry enlists the help of logistics to manage the way resources are stored, acquired and progressed to distinct end-users based on requirement.
What’s healthcare looking for from widespread logistics implementation?
Healthcare companies are acting in several domains to capitalize on the new landscape and meet evolving customer requirements and demands. The logistics aids a healthcare company to attain regular supply of drugs, equipment, and devices from suppliers and distributors in assorted locations. Attaining operational efficiencies as well as cutting cost are the principal pain points for a healthcare vendor. In order to diminish supply chain costs, it is crucial for vendors to craft a chain that connects employees to the medical facility, fosters collaboration, and offers supplier visibility.
The global healthcare logistic market deals with a lot of challenges. However, despite the obstacles, the market is witnessing several profitable trends that are expected to contribute towards the growth of the healthcare logistics industry. This nascent discipline is expected to grow at an impressive and consistent CAGR over the next five years.
Healthcare supply chains will benefit from cost-effective practices
Protagonists in the healthcare industry are witnessing intense competition and customer requirements. Thus, vendors in the global healthcare logistics market are driven to improve inventory management through diverse cost-effective approaches, including the elimination of unnecessary inventory, just in time strategic approach and enterprise resource planning software solutions (ERP).
ERP allows an organization to employ a system of integrated applications to supervise the business and automate many back-end functions associated with technology, services, and human resources. This mechanism applies vigorously to inventory management and transport logistics while improving seamless operations, accountability and general productivity.
Pain points and why alleviation is a while away
The discipline of healthcare logistics is evidently not invulnerable. There are plenty of pain points attached with the process of supply chain in the healthcare sector. Difficulties include inefficient delivery systems and problematic product labelling that arises due to the lack of comprehensive information pertaining to the nature of the product. Mostly, details about the ideal conditions for the safe transport and storage of the product is grossly mismanaged. Alongside this, there are environmental challenges and stringent government laws that act as major hurdles attached to the productive applicability of healthcare logistics.
Technavio prescribes the cure
Technavio presents a comprehensive market research study to provide detailed insights on the market to stakeholders in the associated industry. The report contains an expert analysis of key trends, challenges, vendors and other aspects to help firms better chart their way through the competitive global healthcare logistics market. Download your free sample, or customize the report to suit your specific requirements.
