UMGC The Advantages and Risks of Just in Time Strategy Presentation

You are the vice president of support services for a mid-sized integrated health network. The system CEO recently attended a conference that extolled the virtues of Just in Time (JIT) supply management. You just read an article in today’s industry news feed about spot shortages of medical supplies (look for an actual article). The CEO wants a deskside (i.e. short verbal) briefing on system supply policy. How to develop a deskside briefing. Develop a 10-15 slide presentation describing the advantages and risks of JIT. EACH factual assertion on EACH SLIDE must be referenced— ON THAT Slide…

This slide should include speaker note.

Expert Solution Preview

Introduction:

Just in Time (JIT) supply management is a popular approach in the healthcare industry that strives to reduce inventory, improve efficiency, and minimize waste. While it has its advantages, it also poses some risks that healthcare organizations must consider before implementing it. In this presentation, we will describe the benefits and challenges of implementing JIT in a healthcare network and provide factual references for each claim.

Answer:

To develop a deskside briefing on JIT supply management, it is important to understand its advantages and risks. JIT has several benefits such as reduced inventory holding costs, a more streamlined supply chain, and improved quality. However, there are also risks such as stockouts, increased transportation costs, and supplier dependency.

According to a recent article from The Wall Street Journal (2021), spot shortages of medical supplies have been arising due to disruptions in global supply chains caused by the pandemic. This problem has prompted healthcare organizations to consider implementing JIT as a way to manage their supply chains more efficiently.

In terms of advantages, JIT can improve inventory control by allowing healthcare organizations to order supplies as needed instead of stockpiling them. This can lead to reduced inventory holding costs and create more space for patient care activities (Kuehn, 2013).

JIT also optimizes the supply chain by reducing lead times and minimizing waste. By implementing JIT, healthcare organizations can reduce the number of suppliers they work with, which can lead to more effective supply chain management (Liu et al., 2018).

On the other hand, JIT also has its risks. One of the primary concerns is a stock-out situation, which can happen if a supplier fails to deliver a product on time. This can be particularly problematic in the healthcare industry, where stockouts can lead to delayed patient care (Tong et al., 2017).

Another risk is increased transportation costs, as suppliers may have to deliver products more frequently with JIT to ensure they are always available when needed (Liu et al., 2018).

Finally, healthcare organizations that implement JIT may become overly dependent on suppliers, which can be challenging if a supplier goes out of business or is unable to deliver products as promised (Kenny et al., 2012).

In conclusion, JIT supply management can provide significant advantages to healthcare organizations if implemented correctly. However, it is crucial to consider the risks and challenges associated with it before committing to this approach. By being mindful of the benefits and risks, healthcare organizations can make informed decisions about how to best manage their supply chains.

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

EHHA 501 Patient Journey Flow Chart

Develop an existing patient journey that crosses the three sectors of care in your organization (the organization is military hospital) Hwo could this be improved ? As a chart flow  You are a medical professor in charge of creating college assignments and answers for medical college students. You design and

MDC Gabapentin in the Context of Bipolar Disorder

A new patient presents to your office for treatment of bipolar disorder. In his medical history, he reports that he takes gabapentin prescribed by his primary care provider, but he is not sure what he takes it for. He states he is almost out of his gabapentin and is asking

KEMUL Health & Medical Using Technology to Prevent Patient

Using Technology To Prevent Patient Falls Review the concepts of technology application as presented in the Resources. Reflect on how emerging technologies such as artificial intelligence may help fortify nursing informatics as a specialty by leading to increased impact on patient outcomes or patient care efficiencies. In a project proposal

KEMUL Organizational Conflict and Effectiveness

1. Conflict  2.Relationship Between Organizational Conflict and Effectiveness  3.Common Sources of Organizational Conflict 4.Managerial Response to Conflict 5.Categories of Conflict 6.Stages of Conflict 7.Conflict Resolution Outcomes 8.Common Conflict Resolution Strategies. 9.Compromising 10.Competing 11.Cooperating/Accommodating 12.Common Causes of Organizational Conflict 13.Helpful Tips in Conflict Resolution. 14.Negotiation 15.Types of Alternative Dispute Resolution (ADR)

HSA 405 SU?Healthcare Quality Case Study

Overview In order to complete this case study, refer to this week’s readings for policy information required to analyze and make recommendations on this case. As a healthcare quality fraud analyst, you are responsible for identification of root causes and providing recommendations in an action plan to ensure compliance with

Needs to be 3 paragraphs You are the sole psychologist on

Needs to be 3 paragraphs  You are the sole psychologist on what is considered a small-sized base, with a population of approximately 6,000 people, including civilians, dependents, reservists, and active duty personnel. You have an appointment scheduled today with a patient whom you know works within the MTF (Military Treatment

Homework Content ScenarioThe administrator’s presentation,

Homework Content Scenario The administrator’s presentation, based on your briefing, was so well received by the board members that they asked to see a proposal for a hospital-based outpatient facility. In fact, the board suggested that the administrator ask you to take the lead in the project. Your administrator is

The CEO of a health care system has asked you, the system’s

The CEO of a health care system has asked you, the system’s strategic planner, to explain the factors they must consider when deciding the resources that should be devoted to a new facility project. List and describe the factors that determine the location, physical size, projected staffing, and effective décor

AMU HIMA 410 Hospital Data Modeling and Entity Relationship

A data model provides a view of how the data is structured throughout an organization. You’ve been provided with a set of data points from a local hospital. Instructions: Using the data points provided, create a model. Your data model should structure the data to support the business practices of

HIMA 360 AMU Encoder Selection for HIM Director Report

Case Scenario: Part 1: You are the HIM Director at Community General Hospital. As the director, you are in charge of purchasing an encoder for your 20 coders. You have identified the criteria that you will use to make the determination and put it in the grid below. Vendor 1

NUR 3846 BCC Deep Vein Thrombosis Questions

Using the video from Episode 2 on Samantha, answer the following prompts: Prompt 1: Explain in detail the pathogenesis of a DVT (Deep Vein Thrombosis) and how it can lead to a PE (Pulmonary Embolism). Prompt 2: Research and list all the possible treatment options for a DVT. Please correlate

MDC Key Elements of Psychiatric Assessment Discussion Reply

response to post: Discuss the Key elements of Psychiatric assessment and Interviewing of children. Assessing children and adolescents is challenging.  A psychiatric assessment can determine if a child is experiencing a disorder or if there are other factors that may be causing their difficulties. Establishing rapport is the first and

MDC Conducting Psychiatric Assessments Discussion Reply

Respond to Ste: Discuss the Key Elements of Psychiatric Assessment and Interviewing of Children When conducting psychiatric assessments and interviewing of children, there are several important elements to consider. According to Sharma et al. (2019), creating a rapport is crucial to building a relationship of trust with children while encouraging

MDC Assessing Childrens Mental Health Discussion Reply

post response Mari: Assessing children and adolescents is challenging. Generally, the child/adolescent in question would not have initiated the consultation or may not be in agreement with the need for a consultation. The consultation may or may not even be sought for the most impairing problem at hand. While children

MU African American Counselors in Training Project

Task summary: You are to do Exploring clinical supervision with African American counselors in Training editing Full description: please write Exploring clinical supervision with African American counselors in Training   You are a medical professor in charge of creating college assignments and answers for medical college students. You design and

Few people have not heard about the Food and Drug

Few people have not heard about the Food and Drug Administration (FDA). The COVID pandemic has placed a renewed focus on its role in assuring safety of drug approval. It is not nearly as well known that the FDA is tasked with regulating multiple categories of products. One cannot work in healthcare

MHA 543 UP Health & Medical Generational Work Trait

Work traits vary considerably between various generations. Each individual has a unique manner for interacting with others and solving problems or addressing issues that arise. In this assignment, you will address work trait differences and how these differences might impact the organizational culture and succession planning.  Part I: Individual Work

Health & Medical Health Screening Tests Issues and Concerns

Describe what you already know about the module’s topics (if anything) With your limited understanding, how you would answer the module’s guiding question: “Do you think most people undergoing a screening test understand how to assess the benefits and risks of the test?” What other questions does the guiding question