SMI Members maximize the knowledge and experience of their members for the benefit of helping the industry by working year-round on Initiative Teams that address some of the healthcare supply chain’s greatest challenges. SMI Initiative Teams have created and produced all of the SMI Tools and Resources that are available at no charge for download from the web site. The active Initiative Team efforts currently underway are:
Low Cost Trading Partner Initiative
Lowering the high cost of SG&A in healthcare supply chain has been identified as an area that SMI and its members can positively influence. SMI staff and members are currently in the planning stages of this project to determine the project mission, approaches, and educational requirements of Initiative team participants. This Initiative is expected to be officially launched at the SMI Spring 2013 Forum. SMI Members interested in participating in this initiative should contact Dennis Orthman for more information.
Economic Trends and Forecasting Initiative (ETF)
With this initiative, SMI is exploring the concept of creating a healthcare supply chain index as an indicator of the healthcare supply chain’s activities. Many industries utilize a manufacturing index as an indicator of manufacturing activity, however an index like this currently does not exist in the healthcare supply chain. SMI is experimenting with surveys of providers that populate a statistical index, assessing the value of the index to industry stakeholders. The index is intended to identify if certain supply chain factors - such as inventory, hiring, and expenditures - are increasing, decreasing or staying the same. If multiple index development tests are successful, the index would be made available to SMI members and could be used to help with forecasting, analyzing market conditions, identifying expense trends, and measuring overall industry activity.
Supply Chain Across the Continuum of Care Initiative
Today’s supply chain leaders are facing a new challenge as the industry transitions rapidly to a population health model, where more care will be delivered outside the acute care facilities. Among the many questions: What are the best practices and options for managing a supply chain that serves physician offices, community settings, rehabilitation centers, and other alternate care sites? How can that part of the supply chain be integrated with existing acute care centric supply chains? Should there be an emphasis on product standardization? This SMI Initiative Team faces these and many other questions to help blaze a trail for the healthcare supply chain in this area.
Supply Chain Leader of the Future
As the healthcare supply chain industry rapidly matures, the grooming and development of tomorrow’s supply chain leaders poses a significant challenge, especially in light of industry research that shows succession planning as an increasing problem. SMI is collaborating with AHRMM in the development of a contemporary profile of future leaders in supply chain. This profile is expected to provide guidance in career development, while also serving as a beacon for the academic world to continue the development of degree programs focused on healthcare supply chain. This collaboration is expected to produce the profile by mid-2016.