Supply Chain Executives Finding New Definition of Value

Speaking at the GHX Healthcare Supply Chain Summit in Dallas, leading supply chain executives said the industry's definition of value for customers is moving from product cost to service provided, according to a release by GHX.

"Supply chain is experiencing a sea change," said Vance Moore, president and CEO of Resource Optimization & Innovation, the supply chain division of Sisters of Mercy Health System. "The supply chain has to link to the organization's key strategy. We are bringing people into the organization from outside the healthcare industry so we have a different room of talent resulting in more rich discussion of how to accomplish our goals."

"We worked hard over the past two years to focus on efficiency and productivity," said Craig Smith, president and CEO of Owens & Minor. "There's a heightened sense of urgency and we are working to push the envelope and take the reins in proving to other industries that we can drive efficiency."

"It's about transformation," said Michelle DeJonge, vice president for global supply chain, medical device and diagnostics at Johnson and Johnson. "We are focused on simplifying and standardizing wherever we can to eliminate waste."

Read the GHX release on supply chain.

Read more coverage of the supply chain:

- Device Makers' Confidentiality Will Raise Costs, AHRMM Says

- Sales of Oximetry, Monitoring Products Rise at Covidien

- Stryker Reports Flat Q1 Hip and Knee Sales, Increase in Spine

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