The Next-Generation of Processes in Supply Chain: Impact on the Health Care Industry

Abstract

In recent years, there has been a growing focus on the next-generation of supply chain processes in the health care sector, with a great emphasis on the use of data analytics, automation, radio-frequency identification (RFID) and blockchain technology. Data analytics can be used to identify patterns and optimize decision-making in the operational process flow. Automation can be used to streamline processes, reduce errors and improve efficiency. RFID can be used to track the movement of products through all channels of distribution, providing real-time visibility and traceability. Blockchain can be used to create a secure and immutable record of transactions, providing transparency and trust throughout the supply chain. This article will discuss the adoption of these technologies and techniques, and how they have the potential to revolutionize the health care supply chain, making it more efficient, transparent and secure. It will describe the potential of its positive impact on patient care, by ensuring that patients have access to the right products at the right time, and by reducing the risk of counterfeit and contaminated products. Health care organizations need to invest in these technologies, develop newer business models and focus on transforming their operating processes in order to remain competitive in this rapidly changing landscape. It will also provide an overview of the opportunities associated with the adoption of these technologies. Alongside, it will also discuss the implications of these trends for health care organizations and distribution networks.