Purchasing Management is one of the primary elements of Total Quality Management and should be approached with great consideration and critical thinking. Weighing the options when purchasing a product for the medical laboratory is very important to its future success and profit margins. A major step in the procedure of product procurement is supplier selection. Strategic sourcing and Supply chain management are on the front burner in order to get the ideal product into the inventory of the medical lab. Gav-Med Solutions endeavors to make Jamaica a better place for the starting and managing of Medical Laboratories. We are a team of medical laboratory professionals dedicated to helping health professionals to locate and source the right products that are tailored to their needs, specifications, affordability and products that solve their problems.
Your approach to supply chain management should formalize the way information is gathered and used to the advantage of a medical laboratory so that the institution can leverage its consolidated purchasing power to find the best possible values in the Jamaican diagnostic marketplace. There should be an analysis of what the organization buys, from whom, at what price and at what volume. Strategic sourcing management of medical laboratories differs from conventional purchasing habits because there is a lot of emphasis placed on the the entire life-cycle of the medical laboratory product. Medical Laboratories in Jamaica are looking hard at product sourcing strategies to get the most for their money and meet increasing business, sales, financial and economic demands. This notion is especially true for labs that are reliable on the skills of their suppliers. The intention is to locate opportunities to source products in a selective fashion in ways that allow you to strike the right balance between increasing performance and reducing costs. Selective sourcing to meet the demands of medical labs in Jamaica is a powerful option that a Medical Laboratory scientist should not ignore. The benefit of this sourcing option is its ability to transfer ownership to the medical lab, allowing a company to own the knowledge, pricing and decision-making. The favorite strategy for sourcing vendors is one which does not fully disclose the cost information and profit margins.
Gav-Med Solutions helps medical laboratories to revisit their strategic sourcing contracts and work closely with their suppliers to analyze current spending and achieve maximum cost reductions. Modern supply chain management professionals have placed emphasis on defining the distinct differences between strategic sourcing and procurement management of medical laboratories. Procurement operations support tactical day-to-day transactions of Medical laboratories such as issuing purchase orders to suppliers, where as strategic sourcing represents strategic planning of labs, supplier development, contract negotiation, supply chain infrastructure and outsourcing models.
The steps in the strategic sourcing for medical laboratories are:
- Assessment of a medical laboratory's current spending (what is bought, where, at what prices?)
- Assessment of the supply market (who offers what?)
- Total cost analyses (how much does it cost to provide those products or services?)
- Identification of suitable suppliers
- Development of a sourcing strategy (where to purchase, considering demand and supply situations, while minimizing risk and costs)
- Negotiation with suppliers (products, service levels, prices, geographical coverage, payment terms, etc.)
- Implementation of new supply structure
- Track results and restart assessment
- Data collection and Spend analysis
- Market Research
- The "go-to-market" process (RFx)
- Negotiations
- Contracting
- Implementation and continuous improvement
If your Medical Laboratory has difficulties with sourcing products in Jamaica please email us: gavmedsolutions@gmail.com or call 18765685178. Visit our website for more information: http://gavmedsolutions.com/
