Vizient® is excited to announce the criteria and eligibility requirements for the 2019 Supply Chain Operational Excellence Award, which will be presented on Sept. 19 during the fall Vizient Connections Summit.
This year’s award is based on expanded criteria and takes a view of health system supply chain operational performance within four domains of supply chain operational efficiency:
- Price management
- Purchase management
- Transaction efficiency
- Purchase standardization
The goals for expanding the criteria are as follows:
- Ensure meaningful and actionable quantitative measures align with member-focused performance improvement
- Ensure the process for award nomination is based on a transparent and replicable methodology.
- Ensure award cohorts are based on similar hospitals and health system comparison and benchmarking
Why is the Supply Chain Operational Excellence Award important?
Recognition for this prestigious supply chain operational award is a bellwether pointing to strong operational controls and is a direct indication of your department’s financial impact on your health system.
Consideration for the 2019 Supply Chain Operational Excellence Award is based on purchasing data, invoice accuracy and item master content that member organizations provide through automatic data submission (ADS) or manual data submission.
To be eligible for consideration, members must submit a minimum of 10 months of their most recent data by Friday, July 19, at 4 p.m. Central time.
We will be hosting a series of webinars to share details about the Supply Chain Operational Excellence Award. During these webinars we will cover what is new for the 2019 Vizient Supply Chain Operational Excellence Award, the expanded criteria, requirements for eligibility, the data used to determine operational performance and the scoring methodology used to identify winners.
Be sure to join us for one of the following sessions: