ASC supply chain tip of the day: Prioritize data collection

Collecting data on third-party contracts can simplify the process of lowering supply chain costs, according to Vizient, a healthcare management consulting company.

Vizient shared the following supply chain tip on its blog:

"Start gathering the data by making a list of all third-party vendors used throughout the organization and their associated stakeholders. It's important to speak with every stakeholder on your list and review each vendor's contract.

"There are a few key things to look for in your service contracts:

• What's my rate?
• What are the scaling terms?
• Is there an auto-renewal in place? If so, when?
• What are the termination clauses?"

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