It’s even worse than cost management.
37% of the executives in healthcare industry say that their number one supply chain problem is…
“Changing and increasing regulatory requirements,” to be more exact (according to the annual Pain In The Supply Chain Survey by UPS).
But that’s not all, 66% said that “the complicated regulatory environment was a top challenge to global expansion.“, according to Wall Street Journal.
Here’s a screenshot from the survey made by UPS, that shows what the problems more specifically are.
Lack of stability and delays are by far the biggest problems with regulatory compliance.
So, how do you solve these?
There’s very little you can do about governmental, environmental and legal regulations. What you can do, however, is to be prepared when they inevitably arise. Here’s how…
First, think outside the box and combine open data sources with your own data sources. As is the case with the “cold chain” in medical world, data like weather forecasts can be immensely useful to you, when applied correctly.
Second, make sure you are actually getting all the data that belongs to you. Sensors are all the craze in the Industrial Internet – and for a reason – but think outside of that as well. Have you considered RFID, like some hospitals are experimenting with right now? That would help you reduce a whole lot of delay in SC, as well.
First, what causes delays?
The first cause is typically the sheer amount of moving parts.
In the case of the aforementioned hospitals, the inventory has traditionally been managed by many different individuals, who have not been talking to each others: doctors, clinicians, nurses and so on. This creates silos within the supply chain, which in turn creates delay.
The second cause has to do with manual work. If you combine this with the amount of moving parts in a typical SC, you can quickly see how that’s going to turn into a problem.
So, if you can outsource some of the work to robots, software, etc., that is going to solve a whole lot of problems for you right off the bat.
So, when you remove the unnecessary manual work and the walls from the silos (so that there are no information blockages), what’s next?
Then you would be well advised to make sure all of that data is stored at one, central place for quick and easy access. All that data is not going to do much good for you, if you cannot access it fast enough for better decisions.
Once you have all the data available at a moment’s notice in one, central hub, you get to unlock several – previously unavailable – benefits.
Does any of this sound relevant to you or your company? If so, why don’t we have a confidential talk about the opportunity in your supply chain? After working – and seeing from a close range – some of the biggest industrial and logistical companies, we can pretty much guarantee you that there are some easily fixable quick wins in your SC data-wise.
Why don’t we have a quick look at it, and let us offer some ideas for you to fix it. Okay?
Simply fill out our contact form, and let’s work out a time for idea-rich conversation.
COO, Service Delivery
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