Fierce Healthcare July 7, 2020
The COVID-19 pandemic will force hospitals to rethink the “just-in-time” supply chain strategies that led to shortages of needed supplies, Mayo Clinic’s CEO said.
The strategy is used by some hospital systems and other industries to order supplies only when needed in order to cut inventory expenses. But the inherent vulnerabilities of “just-in-time” ordering were exposed in the face of the COVID-19 crisis as hospitals struggled to get enough personal protective equipment (PPE) and ventilators.
Mayo Clinic President and CEO Gianrico Farrugia, M.D., said at an event Tuesday sponsored by Fortune magazine that the supply chain was one area in which the system was lacking.
“We failed when it came to understanding how fragmented our system was and, of course,...
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