Order/Demand Capture, Sourcing, Procurement, Fulfillment/Logistics, Payment, CRM, Integration & Infrastructure/ERP, Decision Support
The supply chain has an increasing impact on the financial and clinical performance of healthcare organizations. Supply chain costs are the second highest expense category for most hospitals, and they are rising faster than any other area due to higher costs for advanced medical devices and their growing use to treat an aging population and chronic diseases. On the other side of the equation, healthcare suppliers are seeing the need to control their supply chain costs in order to remain competitive in an environment of increasing price sensitivity and growing global competition. Both suppliers and providers must ensure the integrity of the supply chain from the point of manufacture to use to prevent counterfeiting and product contamination. Recent problems in China have raised concerns in this area.
The next wave of supply chain innovation, according to GHX, will focus on collaborative industry solutions that leverage existing and emerging technologies. More standardized processes and shared visibility to critical data will create a more agile, demand-driven supply chain.
Much of this innovation will build upon the success of GHX, which operates an electronic trading platform that connects hospitals and suppliers in North American and Europe. In the United States alone, hospitals representing more than 80 percent of licensed beds and the suppliers representing 90 percent of the products they purchase on a regular basis are connected through GHX. Transaction volume has grown from just $25 million in 2001 to an estimated $26 billion this year and will continue to grow exponentially as more high-dollar medical devices and other physician preference items are purchased through the exchange.
Global4PL Supply Chain Services
Santa Clara, CA/USA
Order/Demand Capture, Fulfillment/Logistics, Integration & Infrastructure/ERP
For small and midsize businesses, leverage technology and outsourced solution providers (in this case, for logistics) as an SMB to appear to be a large enterprise. With most midsize importers/exporters lacking the tools to control worldwide shipments, Global4PL has developed an on-demand service aimed at helping SMBs manage those transactions worldwide at a low investment. Using the solution, smaller companies can address their supply chain visibility, traceability and compliance issues to help them compete more effectively against larger competitors.
If you're ready to rebel against cumbersome and expensive technology solutions that have long ROIs, Global eProcure suggests that you look for technology partners that can augment your internal resources with specific professional services expertise in categories crucial to your cost reduction initiatives, as well as flexible and easy-to-use technology that will not be rejected by the user base. Global eProcure is looking to blur the lines between technology and services, looking at the procurement function as a whole and making and implementing recommendations that have an eye towards a long-term re-engineering instead of short-term cost reduction.
Sourcing, Procurement, Decision Support
For a long time, buyers struggled in the trading process with China and Asia suppliers. Problems that stood in the way of buyers included poor quality control, language miscommunications, fraudulent practices and corporate misrepresentation. There seemed to be no end to these supply-chain issues in, ironically, a market of endless profit possibilities. To make trade truly work, buyers needed more than just supplier contacts from China, they needed reliable supplier contacts. While there were a wide variety of suppliers available online, they were they not pre-screened and verified, so doing business with them was a hit-or-miss affair. Buyers clearly could benefit from having access to both "qualified" suppliers and a list of suppliers drawn from the entire Web. Global Sources seeks to meet that challenge with its Web site aimed at providing buyers verified supplier information, credit reports, capability assessments from Bureau Veritas and a supplier ranking system.
Order/Demand Capture, Sourcing, Procurement, Fulfillment/Logistics, Payment, PLM, Integration & Infrastructure/ERP, Decision Support
Ask yourself this question: If you had a Google for your supply chain, what could you do with it? This is what GT Nexus is seeking to do for its customers: provide a portal that combines applications and a network to allow companies to locate their inventory – and information about their inventory – more quickly and therefore respond to changing circumstance in the supply and demand chain. Once customers have all their information flowing through the network, they can leverage applications for inventory visibility, trade document automation, landed costs, freight audit, supply chain finance and transportation freight spend.