What is product standardization?

August 23, 2022

Product standardization is the process of reviewing the suppliers and products being purchased, that have little or no variation, across the hospital or health system. This clinical and economic analysis consists of utilizing the hospital’s purchasing data to identify opportunities to consolidate and standardize the number of suppliers and products being handled across facilities, contracts, UOMs, product classes, and categories. Potentially resulting in optimization of contracts to leverage better-tiered pricing, consolidation of deliveries, reduction of freight costs, optimization of forecasting, streamlined purchasing and logistics processes, as well as more predictable patient outcomes and increased staff efficiency.

Expanded Access™ Standardization

An average hospital could be served by hundreds of manufacturers. Multiple suppliers can add cost and complexity, including additional freight and procurement expenses, to the supply chain. When you partner with Owens & Minor we work with you to identify opportunities to bring direct-from-manufacturer purchases through the Owens & Minor distribution channel, offering you one of the widest selections of suppliers and products in the industry.

Relevant Insights