Summative Assessment Supply Chain Management - Copy

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Summative Assessment: Supply Chain Management Summative Assessment: Supply Chain Management Calshia Boyd University of Phoenix MHA/598: Leverging Results to Build Brand in the Health Sector January 8, 2024

Summative Assessment: Supply Chain Management Summative Assessment: Supply Chain Management “Supply chain management (SCM) is the process of managing the flow of goods and services to and from a business, including every step involved in turning raw materials and components into final products and getting them to the ultimate customer. Effective SCM can help streamline a company's activities to eliminate waste, maximize customer value, and gain a competitive advantage in the marketplace (Fernando, 2023).” I work in the pharmaceutical industry where my job ships out medication to patients whether they are at home, nursing home or being cared for elsewhere. “ Express Scripts is a leading pharmacy benefit management (PBM) company that plays a crucial role in the healthcare industry. As a PBM, Express Scripts works as an intermediary between health insurers, pharmacies, and patients, managing prescription drug benefits on behalf of its clients. The company provides services such as formulary management, claims processing, home delivery pharmacy, and specialty pharmacy services. With a vast network of retail pharmacies, mail-order pharmacies, and specialty pharmacies, Express Scripts ensures that patients have access to affordable, safe, and effective medications (Colos, 2023).” So, lately due to the high demand of people not wanting to go outside because of Covid- 19 a lot of medications are out of stock. As an example of supply chain management there is a shortage of medications coming from manufacturers. There are many people that use my organization that are within the Department of Defense. I take the calls and issue out the medications to ones that have active and available

Summative Assessment: Supply Chain Management prescriptions. There are people in control of supply management and are to make sure that the medications are ordered and in a timely fashion. Supply chain models are supposed to achieve goals to keep the demand of different medications available within the organization, but the link is broken somewhere. When it comes to economics within the pharmaceutical industry, there should be time to see the availability of these different medications so we can make sure they are available and on time. Our patients depend on us, and some medications are life or death. Once 2024, started there are more people that joined us as clients. An effective supply management strategy is to make sure you can reach these different manufacturers and maintain stock. If the medications are not in stock for the patients, it will affect the financial stability of the organization. The positive impact of supply chain management is being a pharmaceutical organization which medications are in high demand. People need medicine to survive but it is important for the organization to make sure there are no supply issues. Relationships with manufacturers should help the organization by making sure the businesses are kept afloat. Financial plans are important to make sure we have the financials to supply these medications until we receive compensation.

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Summative Assessment: Supply Chain Management References Colos, L. (2023, January 22). Express Scripts: Business Model, SWOT Analysis, and Competitors 2023 . https://pitchgrade.com/companies/express-scripts Fernando, J. (2023, October 20). Supply Chain Management (SCM): How It Works & Why It's Important . Investopedia. https://www.investopedia.com/terms/s/scm.asp

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