Strategy to Improve The Supply Chain In Small-Medium Sized Healthcare OrganizationsIn today’s economy, businesses are all searching for ways to lower costs. Within the medical industry, the business has to be careful about where cost reductions are made. Because you get what you pay for, costs reductions in labor can result in lower quality of service. One area where reductions can be safely made is in the supply chain.
Excess inventory can actually create more costs. Medical overstock requires storage space. If too much inventory is held in stock, it can take away space for more important needs. Some inventory might be time sensitive. If this inventory is held too long, it may be useless, resulting in even more wasted expense.
One way to reduce the amount of inventory is by selling it as overstock. This creates a win-win situation for both companies. The first company is able to reduce their amount of inventory, while the second company gets a quality product at a reduced rate. The original company even makes some money, in reducing their inventory, by selling it to the second company.
LAC OverstockProvides new SaaS that allows medical distributors to offer their medical overstock for sale to other distributors. The software is able to match up the offerings of one company with the needs of another company. This can help to reduce the amount of work required in finding markets for the overstock. Markets are found, automatically, by the software.
Rising medical costs are a symptom of the overall rising economy. Medical distributors are affected by these rising costs. The excess costs must be passed along to the patients and consumers in order for the distributor to survive as a business. By cutting their own costs, medical distributors can pass along those savings to the consumer, helping to create a better overall economy. LAC Overstock helps distributors to view their medical overstock as potential savings, instead of a liability.