Framework for successful supply chain implementation in healthcare area from provider’s prospective
Purpose - This paper aims to explore avenue where suppliers and manufacturers are aligned with health-care providers to improve supply chain visibility. Supply chain finance is explored to link suppliers/manufacturers with health-care providers. Design/methodology/approach - Existing literature on s...
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2018-09-01
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| Series: | Asia Pacific Journal of Innovation and Entrepreneurship |
| Subjects: | |
| Online Access: | https://www.emeraldinsight.com/doi/pdfplus/10.1108/APJIE-04-2018-0024 |
| _version_ | 1811278485883191296 |
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| author | Ik-Whan Kwon Sung-Ho Kim |
| author_facet | Ik-Whan Kwon Sung-Ho Kim |
| author_sort | Ik-Whan Kwon |
| collection | DOAJ |
| description | Purpose - This paper aims to explore avenue where suppliers and manufacturers are aligned with health-care providers to improve supply chain visibility. Supply chain finance is explored to link suppliers/manufacturers with health-care providers. Design/methodology/approach - Existing literature on supply chain visibility in health care forms a basis to achieve the study purpose. Alignment calls also for financial health where supply chain partners’ working capital is readily available to execute joint supply chain plan. Findings - There is a disjoint in supply chain alliance between suppliers/manufacturers and providers where providers are unable to trace the origin of supplies. Quality care suffers and cost of care rises as providers search for supplies on an emergency basis. This paper provides a framework where solution can be formulated. Research limitations/implications - Suppliers/manufactures form a direct strategic alliance with providers where product visibility enables health-care providers with a better patient management with lower cost of supplies. Inventory management and logistics cost will be lowered as better planning/forecasting is in place. This paper does not call for testing any hypothesis. Perhaps, next move along this line will be to investigate financial health of supply chain partners based on supplier relationship management practices. Originality/value - This paper proposes health-care supply chain as an alternative solution to achieve the following twin purposes: controlling the cost while improving quality of care through supply chain finance. As far as we know, this study is the first attempt to achieve the goals. |
| first_indexed | 2024-04-13T00:36:46Z |
| format | Article |
| id | doaj.art-85151633911747a08a70173d0c1fb43e |
| institution | Directory Open Access Journal |
| issn | 2071-1395 2398-7812 |
| language | English |
| last_indexed | 2024-04-13T00:36:46Z |
| publishDate | 2018-09-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Asia Pacific Journal of Innovation and Entrepreneurship |
| spelling | doaj.art-85151633911747a08a70173d0c1fb43e2022-12-22T03:10:18ZengEmerald PublishingAsia Pacific Journal of Innovation and Entrepreneurship2071-13952398-78122018-09-0112213514510.1108/APJIE-04-2018-0024613356Framework for successful supply chain implementation in healthcare area from provider’s prospectiveIk-Whan Kwon0Sung-Ho Kim1Saint Louis University, Saint Louis, Missouri, USAYonsei University, Yonsei, South KoreaPurpose - This paper aims to explore avenue where suppliers and manufacturers are aligned with health-care providers to improve supply chain visibility. Supply chain finance is explored to link suppliers/manufacturers with health-care providers. Design/methodology/approach - Existing literature on supply chain visibility in health care forms a basis to achieve the study purpose. Alignment calls also for financial health where supply chain partners’ working capital is readily available to execute joint supply chain plan. Findings - There is a disjoint in supply chain alliance between suppliers/manufacturers and providers where providers are unable to trace the origin of supplies. Quality care suffers and cost of care rises as providers search for supplies on an emergency basis. This paper provides a framework where solution can be formulated. Research limitations/implications - Suppliers/manufactures form a direct strategic alliance with providers where product visibility enables health-care providers with a better patient management with lower cost of supplies. Inventory management and logistics cost will be lowered as better planning/forecasting is in place. This paper does not call for testing any hypothesis. Perhaps, next move along this line will be to investigate financial health of supply chain partners based on supplier relationship management practices. Originality/value - This paper proposes health-care supply chain as an alternative solution to achieve the following twin purposes: controlling the cost while improving quality of care through supply chain finance. As far as we know, this study is the first attempt to achieve the goals.https://www.emeraldinsight.com/doi/pdfplus/10.1108/APJIE-04-2018-0024Reverse factoringSupply chain financeFactoringSRMSupply chain foundation |
| spellingShingle | Ik-Whan Kwon Sung-Ho Kim Framework for successful supply chain implementation in healthcare area from provider’s prospective Asia Pacific Journal of Innovation and Entrepreneurship Reverse factoring Supply chain finance Factoring SRM Supply chain foundation |
| title | Framework for successful supply chain implementation in healthcare area from provider’s prospective |
| title_full | Framework for successful supply chain implementation in healthcare area from provider’s prospective |
| title_fullStr | Framework for successful supply chain implementation in healthcare area from provider’s prospective |
| title_full_unstemmed | Framework for successful supply chain implementation in healthcare area from provider’s prospective |
| title_short | Framework for successful supply chain implementation in healthcare area from provider’s prospective |
| title_sort | framework for successful supply chain implementation in healthcare area from provider s prospective |
| topic | Reverse factoring Supply chain finance Factoring SRM Supply chain foundation |
| url | https://www.emeraldinsight.com/doi/pdfplus/10.1108/APJIE-04-2018-0024 |
| work_keys_str_mv | AT ikwhankwon frameworkforsuccessfulsupplychainimplementationinhealthcareareafromprovidersprospective AT sunghokim frameworkforsuccessfulsupplychainimplementationinhealthcareareafromprovidersprospective |