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Article: Moving capital through the supply chain: changing process definitions can help create efficiency.(CAPITAL GAINS)
- Article from:
- Healthcare Purchasing News
- Article date:
- January 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Healthcare Purchasing News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mismanagement of capital can be a "crime" with "punishment" that can last for years. That's why it's important to begin a detailed dialogue on capital acquisition and management, discussing what capital is and how it can--or should--be able to move more efficiently through the healthcare supply chain.
Defining capital
At a recent NCI IDN Summit I participated in a provider/supplier panel and mentioned that one of the problems with the management of the capital supply chain is that there are different definitions of capital. I posed the question "Do providers and suppliers really know what the definition of capital equipment is?" That caused a rather ...