Procurement Strategies in the Healthcare Industry

Healthcare procurement refers to the healthcare supply chain process that allows medical industry professionals to identify, select, and acquire the materials, products, and services required to accommodate their current needs. The process is divided into two categories: direct procurement and indirect procurement. Direct procurement involves sourcing and acquiring what is needed for patient diagnosis and treatment operations, while indirect procurement involves sourcing and acquiring what is needed for administration activities and housekeeping. By establishing and managing a solid supply chain, the procurement team is better able to ensure that they can source and acquire the products and services they need when they need them.