I’m working on a health & medical writing question and need an explanation and answer to help me learn.
The objective of supply chain management has been to deliver the right item to the right place at
the right time at the lowest cost. Healthcare refers to this as a value-based concept which is
critical in advancement of the quality of healthcare delivery. Group Purchasing Organizations
(GPO) have been formed to collectively impact the negotiations by volume for pricing, discounts
and rebates with manufacturers, distributors and vendors to maximize their financial capacity.