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Quite often there can be a general lack of spend and vendor management and strategic sourcing activities. Ultimately, BSW was able to improve a key metric (Supply Expense as a % of Net Patient Revenue) and generate millions in savings. Watch a BSW webinar here. Establishing processes to identify and capture savings by category.
We pulled in all a colleague out of our Cleveland office “Don” (a near retirement manufacturing expert) for some additional perspective. For example, if you can add product to your catalog you can sell without having to inventory you end up with a nearly infinite profit that boosts overall inventory turns metrics.
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