• Menu
  • Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

Akeso&Co Logo

Delivering innovative solutions to the healthcare & lifescience industry

Header Right

Consulting Services: 020 3011 1381
NHS Supply Chain: 01925 692 028
enquiries@akesoco.com
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • Home
  • About
  • Expertise
  • Case Studies
  • Insights
  • Careers
  • Contact
  • Home
  • About
  • Expertise
  • Case Studies
  • Insights
  • Careers
  • Contact

Collaborative Pharmacy Supply Optimisation

April 15, 2019 //  by Akeso

The six trusts that make up the West Yorkshire Association of Acute Trusts (WYAAT) are working collaboratively to examine new approaches to medicine management. Together, they manage almost £500m of medicines spend and along with other Trusts in Yorkshire, were collaborating on medication procurement in order to reduce unwarranted cost variation in drugs.

Pharmacy was identified as a major area of opportunity in the Carter Report, which identified collaboration and shared functions as a major source of future value for the NHS.

INSIGHT

The medicines value chain is inherently complex. We set out to analyse the supply channels in a way that captured the complexity while allowing stakeholders to take actionable decisions through the project process. The project identified the opportunity to reduce Pharmacy operating costs at Trusts individually, and across the group as a whole through consolidation of inventory and activity, and aggregation of transactions. The process identified other services (e.g. management of shortages) that could be more efficiently delivered by a joint function.
We developed a number of analytical tools to accelerate the scenario modelling and business case development including Pharmaceutical warehousing and transport models, tipping point models for evaluation of manual vs. automated activities and a top-up performance model.

ACTION

Our consultants gathered and analysed Pharmacy spend, contract and activity data from across WYAAT Pharmacy operations, segmenting and baselining costs by segment and provider. We engaged key stakeholders from across WYAAT Pharmacy’s to understand current arrangements, key challenges and risks, and customer requirements.
We led the engagement with leading providers, incumbent and competitor, to understand the leading Pharmacy supply models and to identify relevant value opportunities. We completed a detailed options appraisal, modelling a range of delivery options and developed a recommendation.
We documented an Outline Business Case, which was approved to move the project from the design phase to the procurement process.

RESULTS

We played a key role in delivering a pioneering collaboration project for a pharmaceutical network that could achieve recurrent efficiency savings of over £17m with a one-off saving of £4.5m through consolidation of stockholding as well as further operational savings of £13m through the proposed operating model.
Key tangible benefits include inventory reduction of 15-25%, a net operating cost reduction of 10-15%, an incremental reduction in waste, improved regional contracting and supply chain performance, improvements in visibility and quality control, enablement of more complex supply models (dose banded products) and aggregated demand planning to take place as well as reduced risk throughout the hospital pharmacy value chain.

Redesigning a one-of-a-kind NHS shared service facility

Redesigning a one-of-a-kind NHS shared service facilityRead More

Supply Chain Value Assessments

Supply Chain Value Assessments for two Private Hospital Providers

Supply Chain Value Assessments for two Private Hospital ProvidersRead More

Delivering Procurement and Supply Chain Value from Sustainability and Transformation Partnerships

Delivering Procurement and Supply Chain Value from Sustainability and Transformation PartnershipsRead More

Guys and St Thomas Hospital

Facilities Management Cost Reduction

Facilities Management Cost ReductionRead More

Optimisation of Diagnostic Specimen Collection Network

Optimisation of Diagnostic Specimen Collection NetworkRead More

Laboratory Diagnostics Non-pay Cost Reduction Programme

Laboratory Diagnostics Non-pay Cost Reduction ProgrammeRead More

Development of Business Cases for Scan4Safety Demonstrator Sites

Development of Business Cases for Scan4Safety Demonstrator SitesRead More

Collaborative Pharmacy Supply Optimisation

Collaborative Pharmacy Supply OptimisationRead More

Delivery of a Collaborative Procurement Programme for the Shelford Group

Delivery of a Collaborative Procurement Programme for the Shelford GroupRead More

Design and Implementation of a sector-leading Inventory Management Solution for leading NHS Teaching Trust

Design and Implementation of a sector-leading Inventory Management Solution for leading NHS Teaching TrustRead More

Procurement and Supply Chain Transformation for leading NHS Foundation Trust

Procurement and Supply Chain Transformation for leading NHS Foundation TrustRead More

Category: Case Studies, Pharmacy, Supply Chain

Previous Post: « Delivery of a Collaborative Procurement Programme for the Shelford Group
Next Post: Development of Business Cases for Scan4Safety Demonstrator Sites »

Reader Interactions

Primary Sidebar

Latest news

Building a resilient supply chain – lessons from the pandemic

November 30, 2020 //  by Akeso

The UK Private Healthcare Market: What does the future hold?

July 16, 2020 //  by Akeso

Value-Based Healthcare

February 21, 2020 //  by Akeso

Follow us

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Footer

Please get in touch

For Akeso & Co. Consulting Services in London
please call 020 3011 1381

For NHS Supply Chain in Warrington
please call 01925 692028

Our London office:

21 Bloomsbury Way
London, WC1A 2TH

Our Warrington office:

Wilderspool Park, Greenalls Avenue
Stockton Heath, WA4 6HL

Email Akeso & Co.

For Akeso & Co. Consulting Services please email enquiries@akesoco.com

For any enquiries relating to NHS Supply Chain please email akeso@supplychain.nhs.uk directly

Site Footer

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Copyright © 2021 Akeso & Co. · All Rights Reserved