I was happy to read an article where a purchasing department gets partial credit for record profits. The well-written article by Christopher Snowbeck, which appeared in today\u2019s Pittsburgh Post-Gazette, examined the University of Pittsburgh Medical Center and the \u201ccontroversy\u201d of it being hugely \u201cprofitable\u201d despite being a not-for-profit institution.<\/p>\n
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In the article, it states: \u201cUPMC is saving money by better managing the way it buys supplies from vendors. By using both its size and innovative ordering technology to get better deals, UPMC aims to avoid fueling even higher profit margins at the drug and medical device companies from which it buys products.\u201d<\/p>\n
Too few \u201crecord profit\u201d articles go into specifics on what cost savings ideas are fueling the profits. They usually say the organization is cutting costs or increasing sales, but fail to completely give credit where credit is due.<\/p>\n
So kudos go out to UPMC\u2019s purchasing department. In purchasing and supply chain management, it\u2019s not the proverbial fifteen minutes of fame. It\u2019s more like only fifteen words of fame are the most one can expect for doing a good job. And UPMC Purchasing got nearly fifty words describing its contribution.<\/p>\n
Well deserved, folks!<\/p>\n","protected":false},"excerpt":{"rendered":"
I was happy to read an article where a purchasing […]<\/p>\n","protected":false},"author":12,"featured_media":4023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"\n