As the world’s economic markets are changing, so are the businesses operating within those markets. So whether it’s a large scale manufacturing production line, or a hospital supply chain, the pressure is on. Before the world tumbled into a recession, most hospitals were thought to be operating efficiently if they could manage their costs well. However, today, research shows hospitals can exceed 35 percent of their operating budgets for materials management alone, with 20 percent of the hospital costs attributed to supply costs. - by Ravi Singh

The healthcare supply chain functions under one basic tenet: quality assurance, tracking and lot of integrity for a low price. This is to ensure that patients receive safe therapies and that any problems are tactfully contained and minimized. Therefore, healthcare companies take extra precautions to safeguard all equipment.