Power Supply

Struggling to find the sweet spot between overstocking and running out of critical supplies? Say goodbye to stockouts and hello to a well-oiled supply chain with Brian Bartel, Suzi Collins, and Justin Poulin as they unveil the secrets to mastering reorder points and safety stock. In this episode, Brian breaks down his tried-and-true formulas for calculating optimal inventory levels, while Suzi shares cautionary tales of unit measure mishaps and the importance of understanding how products are pulled. Together, they'll guide you through the ever-changing landscape of lead times and usage patterns, providing you with the tools to make data-driven decisions and keep your shelves stocked with the right products at the right time. Tune in now and discover how to take your reordering game to the next level!

Formula: Reorder Point (ROP) Formula = Average Daily Usage x Lead Time + Safety Stock

Stay tuned for part two, where we'll dive into the Reorder Quantity formula!

Want to stock up on more supply chain insights? Connect with Power Supply on LinkedIn: https://www.linkedin.com/company/powersupplymedia

#PowerSupply #SupplyChain #HealthcareSupplyChain #ReorderPoint #SafetyStock

In the wake of the pandemic, healthcare organizations were forced to venture beyond their trusted primary suppliers and into the unknown territory of secondary distributors – and the ripple effects are still being felt today in many healthcare facilities. This week on Power Supply, we sit down with Jody Eastland, Director of Strategic Sourcing and Procurement Operations at University Health and the newest member of the Power Supply Advisory Group, to identify the challenges and opportunities of navigating today's supply chain landscape. From the challenges of vetting secondary distributors to the delicate balancing act of honoring primary contracts while keeping shelves stocked, Jody offers a candid look at how this shift has impacted the success and bottom lines of supply chain departments nationwide. Tune in for insider tips on building a resilient supply chain in the face of ongoing disruptions and discover why the "old normal" may be a thing of the past!

Once you complete the interview, jump on over to the link below to take a short quiz and download your CEC certificate for .5 CECs! – https://www.flexiquiz.com/SC/N/ps10-7

#PowerSupply #Podcast #AHRMM #HealthcareSupplyChain #SecondaryDistributors #PandemicLessons #SupplyChainResilience

What if the key to unlocking your supply chain's full potential has been hiding in plain sight all along, in the most unlikely place – the Operating Room? This week on Power Supply, Dr. Pearce McCarty, orthopedic surgeon and supply chain innovator, joins us to make a compelling case for why engaging surgeons in healthcare supply chain could be the key to unlocking game-changing improvements in cost, quality, and outcomes. He'll share eye-opening stories from his own journey into the supply chain realm and reveal the communication strategies and data-driven tactics that helped him bridge the gap between the OR and supply chain. Plus, Dr. McCarty will give us an exclusive look at how cutting-edge technologies like generative AI could revolutionize the way surgeons and supply chain teams collaborate to drive sustainable change. Tune in, buckle up, and get ready to explore the untapped potential of surgeon-supply chain collaboration – your patients, your providers, and your bottom line will thank you!

Once you complete the interview, jump on over to the link below to take a short quiz and download your CEC certificate for .5 CECs! – https://www.flexiquiz.com/SC/N/ps10-6

#PowerSupply #Podcast #AHRMM #HealthcareSupplyChain #PhysicianEngagement #ClinicalCollaboration

Are rising laundry and linen expenses straining your healthcare facility's finances? On this week's Power Supply GPO Spotlight™, we're joined by Trevor Rotondo, Director of Purchased Services Strategic Sourcing at HealthTrust Performance Group, to discuss a cost-effective approach to meeting your facility's growing linen needs while staying within your budget. Learn how Trevor and the HealthTrust team can help take the guesswork out of managing your facility's Laundry & Linen expenses while providing inventory management support, streamlining best practices, and negotiating strong contracts to protect your department's bottom line. Discover how HealthTrust's comprehensive solutions can transform the quality of your Laundry & Linen Services, and ultimately enhance the patient experience!

For more information on how HealthTrust can help your department consolidate its linen expenses, visit https://healthtrustpg.com/ to request a consultation. If you are a current HealthTrust member, contact your Account Manager for more information. You can also send an email to [email protected]. Also, stay connected on LinkedIn for updates!

This is the AHRMM Power Up Podcast with Mike Schiller and hosted by Justin Poulin. Every month, we highlight trends, strategies, and solutions from the field to advance the healthcare supply chain industry. In this episode, Mike and Justin share what you need to know from May '24:

• New HHS Proposal for Drug Shortages --includes penalties
  • Review of AHA's position and AHRMM's released statement
• Supply Chain Fundamentals Series
  • NEW, 30-minute e-learning course on the FAHRMM
  • 0.5 CEC, FREE members/non-members
  • FAHRMM guidelines have changed -- Aligned more with the current environment
• Panama Canal is Opening Back Up!

#AHRMM #PowerSupply #Podcast #HealthcareSupplyChain #MayUpdate ________ Power Supply is proud to partner with AHRMM, the leading professional membership group for the healthcare supply chain. Through this collaboration, Power Supply offers Continuing Education Credit (CEC) approved podcast episodes to the healthcare supply chain audience.

When you think of healthcare supplies, bandages and gloves might come to mind – but what about leeches, newborn packs, and bionic ears? This week on the Power Supply Podcast, Randy Subramany, Director of Supply Chain at NewYork-Presbyterian Hospital, takes us on a wild ride through the lesser-known corners of the medical supply world. Discover the surprising challenges and creative solutions that come with managing these unique and critical items, from cultivating a steady supply of medicinal leeches to designing the perfect take-home kit for new parents. And when it comes to cochlear implants, you won't believe the intricate logistical dance required to keep these high-tech devices flowing smoothly across multiple facilities. Whether you're a seasoned supply chain professional or just curious about the inner workings of the healthcare supply chain, this episode is packed with valuable insights that will change the way you think about the role of supply chain in delivering cutting-edge patient care. Tune in today!

Once you complete the interview, jump on over to the link below to take a short quiz and download your CEC certificate for .5 CECs! -- https://www.flexiquiz.com/SC/N/ps10-5

#PowerSupply #Podcast #AHRMM #HealthcareSupplyChain #UncommonSupplies #SupplyChainInnovation

Are you struggling to wrangle your organization's indirect spend and purchased services? In this week's eye-opening episode, we sit down with Rick Gresko, Vice President of Procurement at Jefferson Health, to uncover insider strategies for tackling these procurement challenges head-on. From navigating the blurry lines between indirect spend and purchased services to leveraging data for strategic decision-making, Rick shares his expertise on bringing value to traditionally commodity-based purchases. Tune in to discover how you can build credibility with internal stakeholders, manage supplier relationships with finesse, and negotiate your next contract like a pro. Whether you're up on the latest procurement management techniques or just diving into these complex waters, this episode is packed with practical insights and game-changing strategies you won't want to miss. Grab your headphones and press play today!

Once you complete the interview, jump on over to the link below to take a short quiz and download your CEC certificate for .5 CECs! -- https://www.flexiquiz.com/SC/N/ps10-4

#PowerSupply #Podcast #AHRMM #HealthcareSupplyChain #IndirectSpend #PurchasedServices #Procurement

Don't miss this week's new AHRMM Subject Matter Expert Podcast episode, featuring Joe Dudas, Division Chair at Mayo Clinic. Joe joins host Justin Poulin to dive into the world of Collaborative Planning Forecast Replenishment (CPFR) in healthcare supply chain management. Drawing from his experience in non-healthcare industries, Joe breaks down the core purpose of CPFR and its potential to revolutionize the way we approach out-of-stock prevention and strategic data sharing. He'll explore the foundational tools and strategies needed for successful CPFR implementation, from accurate forecasting to effective contracting agreements and incentive structures, while highlighting the critical link between CPFR and patient safety. Tune in now and discover how CPFR could be the key to unlocking a more efficient, collaborative, and patient-centric healthcare supply chain!

#PowerSupply #AHRMM #Podcast #HealthcareSupplyChain

What does it take to become a sustainability trailblazer in today's healthcare supply chain industry? Just ask Kyle Tafuri, Vice President of Sustainability at Hackensack Meridian Health, and the mastermind behind his organization's most progressive environmental sustainability programs to date. Tune in this week and discover the secret ingredients of curiosity, seizing opportunities, and weaving sustainability into everyday processes – strategies that can empower anyone in supply chain to become a champion for change. From tackling toxic chemicals to conquering the Joint Commission's Sustainable Healthcare Certification, Kyle reveals his triumphs and hard-won lessons on his mission to revolutionize the way healthcare organizations approach sustainability. No matter where you are on your sustainability journey, this episode is packed with inspiration and actionable insights to help you take your organization's supply chain to the next level of environmental responsibility. Press play now and get ready to ignite your passion for a greener, more sustainable future in healthcare!

Once you complete the interview, jump on over to the link below to take a short quiz and download your CEC certificate for .5 CECs! -- https://www.flexiquiz.com/SC/N/ps10-3

#PowerSupply #Podcast #AHRMM #HealthcareSupplyChain #SustainableSuperheroes #GoingGreen #HealthcareSustainability

What if the secret to unlocking supply chain excellence and ensuring patient safety was hiding in plain sight, embedded in the very barcodes on your medical devices? This week on the Power Supply podcast, Joan Melendez, President at Xcelrate UDI, joins us to uncover the untapped potential of Unique Device Identification (UDI) and its power to transform your value analysis process. From conquering the challenges of inaccurate device reporting to achieving seamless interoperability and negotiating ironclad contracts with manufacturers, Joan shares her wealth of knowledge and insider secrets for harnessing the power of UDI. Whether you're a seasoned value analysis professional or new to the frontlines of healthcare supply chain, this episode is packed with eye-opening insights and practical tips to help you navigate the maze of medical device data and elevate your department's inventory management strategies. Get ready to explore the frontiers of supply chain innovation – tune in today!

Once you complete the interview, jump on over to the link below to take a short quiz and download your CEC certificate for .5 CECs! -- https://www.flexiquiz.com/SC/N/ps10-2

#PowerSupply #Podcast #AHRMM #HealthcareSupplyChain #UDI #InventoryManagement #ValueAnalysis