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 Analytics 

 

The power of visibility across your supply chain

The complexities of a hospital supply chain can be daunting. Thousands of products in demand. Multitudes of suppliers. Scores of employees processing orders. Trying to collect the supply data you need from multiple sources, separate facilities and different formats can be frustrating and time-consuming—perhaps impossible.

Without full visibility, savings opportunities in your institution’s supply chain remain out of reach. Quite simply, you cannot reclaim the waste or repair the processes when you cannot see them.

For a comprehensive, nuanced picture of supply spending activity, turn to Owens & Minor’s industry-leading Spend Analytics and Contract Management services, such as the convenient, web-based WISDOM GoldSM. You’ll gain the power to view the entirety of your medical-surgical supply chain—and the insights you need to identify savings, create efficiencies and reduce overall spend.

With the help of our professional analysts, you can turn your data into actionable intelligence to guide your day-to-day and strategic business decisions. WISDOM Gold provides insight on contract compliance, product standardization and other key areas that will help you realize a wide variety of cost savings.

If you simply need to “get a better handle” on your data, we can help there as well. Realize the value of improved accuracy, better visibility and increased reliability with Data Cleansing & Management services from Owens & Minor.

No matter what your need, we combine the most advanced technology in the industry with the deep knowledge and experience of our business analysts. Over the years, our analytics offerings have enabled our healthcare customers to realize savings of 1 percent to 4 percent in total supply spending—which can add up to millions. For our customers, it’s pure analytic gold.

 Success Story

  • Inova Health System + Owens & Minor’s WISDOM Gold

    In 2007, at Virginia’s Inova Health System, Owens & Minor Analytics identified $2 million in supply chain savings and a 5 percent reduction in annual spending for cardiac rhythm management devices and drug-eluting stents. Learn more.

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