Healthcare SCM refers to the procurement and distribution of goods and services as they move from the receiving dock to the patient. Supply hoarding, demand for unique forms of inventory, product expirations, out-of-stock problems that could result in expensive distribution charges, pilferage, and an unjustified spike in inventory dollars based on demand are among the most important challenges in SCM. These and other factors contribute to out-of-budget supply costs. Without a doubt, healthcare SCM is exceedingly difficult. Inadequate data reporting, a lack of product standardisation, the regulatory requirements, and a lack of automation throughout the process all contribute to the application's difficulty. Healthcare companies must be able to take risks, such as working with the right third-party logistics supplier and using advanced supply chain technologies to enhance supply chain and risk assessment.
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Key Driving Factors: The market's growth is expected to be supported by increased adoption of software-based systems.
Software and hardware modules are available for healthcare supply chain management systems. Because of the increasing number of online transactions, enhanced market intelligence, and a growing preference for eco-friendly logistics, software systems are much more appropriate than hardware systems. This is expected to improve the demand for healthcare supply chain management in the coming years.
This report offers the major market player’s profiles, such as Oracle, SAP SE, Infor., McKesson Corporation, Tecsys Inc., Global Healthcare Exchange, LLC., Cardinal Health., Epicor Software Corporation, LLamasoft Inc., Manhattan Associates., Blue Yonder Group, Inc., Cerner Corporation., Jump Technologies, Inc., Logi-Tag Systems, Picis Clinical Solutions, Inc, Premier, HYBRENT, INC, Arvato Supply Chain Solutions SE
Opportunities: Bright Future for cloud based deployment:
While on-premise deployment has the largest market share, cloud-based deployment is expected to expand at the fastest pace over the forecast period. Cloud-based systems allow healthcare organisations to share and incorporate data from different locations while also reducing installation and maintenance costs. Such benefits are propelling this segment's growth.
By End User:
The healthcare supply chain management industry is divided into suppliers, providers, and distributors based on the end consumer. Manufacturers must meet the growing demand for their goods from their customers. As a result, manufacturers specifically pursue supply chain management solutions for transportation and warehouse management in order to ensure a quicker, more reliable, and effective process. As a result, demand for supply chain management solutions has increased in this market.
The Healthcare Supply Chain Management Market report has been categorized as below
● Healthcare Manufacturers
● Healthcare Providers
● North America
● Asia Pacific
● Rest of World
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Published Date : April-2021