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Vizient launches new supply chain resiliency solutions to increase trust, transparency, predictability for providers, suppliers

Press releases may be edited for formatting or style | August 05, 2021 Health IT
IRVING, Texas--(BUSINESS WIRE)--Vizient, Inc. today announces the launch of its set of solutions to improve health care supply chain resiliency through greater transparency and predictability across trading partners. These solutions will offer health systems greater visibility into supplier manufacturing and distribution sites, tracking of impactful events and risk management services for a provider’s critical supply list. Also included is a technology-enabled platform for Vizient members and suppliers for demand forecasting, real-time inventory availability and disruption alerts for end-to-end logistics management.

“The COVID-19 pandemic exacerbated a historical weakness in the U.S. health care supply chain—a lack of transparency and predictability between suppliers and providers. The Vizient resilience solution set has been developed to address these issues head on so trading partners across the supply chain are sharing information at a deeper level, and in real time, which will elevate overall performance and flexibility,” said David Gillan, senior vice president, Emerging Solutions and Supplier Engagement for Vizient.

The Vizient resilience solution set has three foundational elements: supplier pedigree data, critical supplies management service and technology to support the resilience network platform.

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Supplier pedigree data involves the adoption and utilization of supplier data standards across the provider and supplier community, including securely collecting and maintaining information on the physical location of major manufacturing, distribution or critical raw material sites.

Critical supplies management services provide disruptive event tracking and risk management of a provider’s critical supply list. Advisors monitor and share actionable information to supply chain managers that enable them to efficiently manage their inventory of critical supplies and quickly pivot to alternative suppliers and conservation strategies as needed.

A resilience network platform is being established through a strategic relationship between Vizient and E2open, a leading network-based provider of cloud-based, mission-critical, end-to-end supply chain management software, to facilitate the rapid development of a multi-party collaboration platform. The platform will enable timely insights into forecast, inventory availability, transportation, and consumption of goods with proactive management alerts for disruptions and imbalances to improve availability of health care products.

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