Synopsis: Michael Stefanic‚ director of cost management at Owens & Minor (O&M)‚ a medical and surgical supplies distributor and Daniel Borunda‚ material systems manager at Virginia Mason (VM) Medical Center came together to try to battle healthcare costs and improve the healthcare supply chain. Virginia Mason‚ a private non-profit healthcare organization based out of Seattle‚ offered both primary and specialized care and developed the Virginia Mason Production System (VMPS). The VMPS was a modified version
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Assessment of Supply Chain: case study of Virginia Mason (VM) and Owens and Minor (O&M) 1. Assessment of Total Supply Chain Cost (TSCC) CostTrack program has become Total Supply Chain Cost (TSCC). These two programs were developed by Owens and Minor (O&M)‚ the contrast between these two programs was that TSCC was focus on performance driven in the supply chain. TSCC was created as an activity-based pricing model which was related to products supplied in the pharmaceutical area‚ rather than volume
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with inventory to distributor‚ and they also want distributor to provide better services at its own expense. Moreover‚ competitions from private label distributors and manufacturing distributors further squeezed profit margin of our company. Owens and Minor play a very important role in the entire SC. They are in charge of providing information to manufacturers on product flow. Their services to the hospitals include storing the inventory in their warehouse and making constant shipments based on
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Harvard Business Case Case Study: Owens & Minor Structure of the Case Study 1. O&M: Company Profile 2. Costing and Pricing at O&M 3. The Case 4. O&M‘s Proposal 5. Solution of the Case-Questions © Gunther Friedl – WS 11/12 Case Study: Owens & Minor Owens & Minor‚ Inc: Company Profile Headquarter: Mechanicsville‚ Virginia‚ U.S Revenue 2010: $ 8.12 billion Number of employees 2010: 4‚800 One of the leading distributors of medical and surgical supplies 200‚000 products from about 1‚200
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Date: March 12‚ 2012 Course: Management Accounting & Control Case: Session 3: Owens & Minor (A) Date: March 12‚ 2012 Course: Management Accounting & Control Case: Session 3: Owens & Minor (A) Case Background: Who: Jose Valderas‚ divisional VP for Owens & Minor (O&M) What: How does O&M sell ABP (activity based pricing) to Ideal? Could they implement ABP to help Ideal? Why: O&M needs to improve margins; by understanding where costs are derived from
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What were reasons for implementing lean management at Virginia Mason Hospital? Lean thinking begins with driving out waste so that all work adds value and serves the customer’s needs. Identifying value-added and non-value-added steps in every process is the beginning of the journey toward lean operations. In order for lean principles to take root‚ leaders must first work to create an organizational culture that is receptive to lean thinking. The commitment to lean must start at the very top of the
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Página 1 9-100-055 REV: FE BR UAR Y 14‚ 2002 VG NARA YAN AN LI SA M BRE Owens & Minor‚ Inc. (A) Era janeiro de 1996. José Valderas‚ vice-presidente da divisão de Owens & Minor (O & M)‚ um $ 3 bilhões distribuidora de suprimentos médicos e cirúrgicos‚ estava dirigindo de volta ao seu escritório Savage‚ Maryland. Sua mente estava processando a notícia que acabara de ouvir. Sistema Único de Saúde Ideal‚ um hospital não-for-profit cadeia que nos últimos 10 anos tinha comprado suprimentos a partir de
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VMPS Facts What is the Virginia Mason Production System? The Virginia Mason Production System (VMPS) is a management method that seeks to continually improve how work is done so there are zero defects in the final product. Using this method‚ Virginia Mason (VM) identifies and eliminates waste and inefficiency in the many processes that are part of the health care experience‚ making it possible for VM staff to deliver the highest quality and safest patient care. By streamlining repetitive and low-touch
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Case Analysis (Owen & Minor‚ Inc. Company History) Name: Samuel Ansah Westwood College Instructor: Professor Ali Alavi Course: Management Capstone Date: March 31st‚ 2014 Owens and Minor Inc. History Owens & Minor Inc. is distributor of surgical and medical supplies to hospitals and other health care facilities. Owens & Minor Inc. (O&M) was founded by George Gilmer Minor Jr.‚ a wholesale drug salesman from Richmond Virginia in 1882. The name Owens & Minor came about as
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Case Summary: Owens & Minor Inc. Owens & Minor Inc. is one of the leading distributors of medical and surgical supplies. The company headquarters in Mechanicsville‚ Virginia‚ U.S. In 2010‚ the company has 4800 employees‚ with revenues of $8.12 billion. The company provides 200‚000 products from about 1200 manufacturers; the products include gloves‚ wound closure devices‚ sterile procedure trays‚ intravenous products‚ operating room items‚ etc. The core business-process of Owen & Minor Inc. is that
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