A hospital redesigned how its pharmacy manages inventory
Inventory cost down 26%, with purchasing centralized.
A hospital redesigned pharmacy inventory management around centralized purchasing and lean inventory practices; inventory cost fell 26%.
The challenge
The hospital's pharmacy held more carrying stock than it needed. Its inventory management and purchasing practices offered room for a more disciplined model.
The approach
Over one year, LEA worked with the hospital to redesign pharmacy inventory management, introducing a centralized purchasing model and lean inventory management practices. LEA combined consulting with coaching so that staff could run the new model themselves.
The result
The redesigned model of centralized purchasing and lean inventory management is in place in the pharmacy. As a supporting result, pharmacy inventory cost fell by 26%.
Results
What changed
| Measure | Before | After | Change |
|---|---|---|---|
| Pharmacy inventory cost | down 26% |
FAQ
Common questions
The hospital redesigned how its pharmacy manages inventory, moving to a centralized purchasing model and lean inventory management practices. LEA supported the work over one year through consulting and coaching, and pharmacy inventory cost fell by 26% as a supporting result.
In this case, centralized purchasing was paired with lean inventory management to reduce the carrying stock the pharmacy held. Under the redesigned model, pharmacy inventory cost fell by 26%. LEA coached staff during the year-long engagement so that the hospital could run the model itself.
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