Chaun Powell, Group Vice President, Strategic Supplier Engagement, Premier Inc., agrees.
“In order to be effective, supply chain professionals must first have transparency into the totality of the supply chain, including the upstream raw materials that go into finished products and ancillary supplies. Absent this vital information, the supply chain gets relegated to purchasing and logistics.”
Powell attributes 68 percent of disruptions to “poor demand signaling to suppliers,” which is why effective demand management and supply network mapping are critical components of supply chain preparedness.
“Alongside an understanding of any potential risks with their suppliers, supply chain professionals can then apply real-time data demand signals to accurately identify the intersection of their demand and sustainable supply,” Powell said. “The icing on the cake is real-time access to usage, inventory and location information – rounding out the necessary improvements to transform the healthcare supply to the same level of sophistication that we see in the automotive, electronics and food sectors.”