All Entries in the "Cost Avoidance" Category
How Data Driven Logic Can Make Cost Reductions Happen
How Using Data-Driven Logic-Based Strategies Can Give You The Focus You Need On Your Customers To Make Savings Happen! Uncovering Savings Opportunities In The 21st Century Requires You To Use Predictive Analytics (data mining) To Understand Your Customer’s Behavior – then modify them. In the 20th century supply chain professionals were fixated on price savings to reduce the [...]
Cutting Cost Can Be Easier Than You Think
Have you heard about the $16.00 muffin? Yes, that’s what the Department of Justice was reported to spend per muffin for the attendees at a conference they held just a few weeks ago. Now, it’s my understanding that this wasn’t the whole story, since the Washington Hilton, where the attendees stayed, says that the $16 [...]
The Seven Percent Saving Solution
Why do we continue to pursue 1%, 2% or 3% savings solutions (i.e., price), when a seven-percent savings solution (i.e., utilization) is just as easily obtainable? For instance, I know of healthcare organizations that have spent months to achieve a 3% savings on their cardiac rhythm management products when a seven-percent to 15-percent savings was [...]
Is Standardization Now Holding Us Back?
Savings Beyond Price -Weekly eNewsletter – February 18, 2009 Robert T. Yokl President & Chief Value Strategist Challenging Conventional Wisdom in Supply Chain Management We all get trapped into believing what we have been taught over the years about what works in supply chain management, or what we call the CONVENTIONAL [...]
The Best Advice I Ever Got
As a young material manager I was counseled by my mentor at the time that “there is always a better price, a better deal or a better offering if you want to wait long enough to cash in on it. However, while you are waiting you are missing big savings opportunities along the way”. [...]
It’s All About Utilization!
Savings Beyond Price -Weekly eNewsletter – October 15, 2008 Robert T. Yokl President & Chief Value Strategist Greetings! Is All About Utilization! My son and I met for an introductory meeting last week with a new material manager at one of our client hospitals who we have been servicing with software [...]
Thinking Lean
Savings Beyond Price -Weekly eNewsletter – September 19, 2008 Robert T. Yokl President & Chief Value Strategist Greetings! Thinking Lean Believe it our not, studies have shown that in excess of 60% of the supply chain activities you perform every day add no value to either your internal or external customers. [...]
New Podcast Published- “Offsetting Price Increases in Tough Times”
Good morning, I just wanted to let you know that we have released a special podcast today, it is an audio copy of our most recent Webinar "Offsetting Price Increases in Tough Times." We have gotten such a good response and incredible attendance from this program that we thought we should share it with [...]
Squeezing the Most Out of Your Supply Chain
by Robert T. Yokl President & CEO I recently corresponded by e-mail, with a MM who said he was working on a PPI initiative, instituted a new inventory reduction program, installed a new MMIS system and had started reviewing his purchasing service contracts to generate even more savings [...]
A Time for Action…Not Rumination!
Your management will be asking you to ratchet down your supply expenses even further this year due to the high cost of energy which affects almost everything your hospital buys. And still another reason is the slowing economy that could have an effect on your hospital’s revenues. These challenging times call for action…not rumination. [...]
