Role of logistics in healthcare

1. Role of Logistics in Healthcare Supply chains are networks of interconnected businesses and stakeholders that work together to deliver a product from its point of origin to its point of consumption. The goal of supply chain management is to efficiently connect these various networks and organise an end-to-end strategy that reduces costs and improves shipping speed without compromising the product's quality or value to the consumer. Logistics is an important component of supply chain management, with responsibilities such as developing detailed processes to plan and coordinate the complex transportation of goods by providing timely, safe, and dependable shipping. A logistics department designing innovative ways to facilitate the flow of products and information from suppliers to consumers is at the heart of any well-managed supply chain. Healthcare logistics market growth reasons

2. The global healthcare logistics market, according to the market research report prepared by Strategy Here, was valued at USD 144.28 billion in 2020 and is expected to reach USD 226.57 billion by 2026, growing at a 7.81% CAGR. The global healthcare market is expanding rapidly. According to various Logistics Industry Analysis by different market research companies, the increasing demand for pharmaceutical devices, medical equipment, proper supply chain management, fast and efficient logistics services, and other factors are driving the growth of the global healthcare logistics market. Moreover, the rising demand for medical devices such as oximeters and blood pressure machines, as well as pharmaceutical drugs, is propelling the global healthcare logistics market forward. After successfully manufacturing drugs and equipment, proper logistics and supply chain management systems are required for proper storage, preservation, and dispatching. As a result, governments around the world have begun to invest heavily in improving their existing logistics infrastructure. Warehouses are being modified to store these drugs safely. The Advantages of Investing in Healthcare Logistics According to different Logistics Industry Analysis by different market research companies, third-party logistics companies in the health care industry combine shipments from multiple shippers to transport freight at maximum capacity. A healthcare logistics provider is familiar with the industry's standard operating procedures and can assist the organisation in improving overall operational efficiency. ● A healthcare organisation can use the carrier network of a 3PL partner to secure additional capacity. In addition, the 3PL partner has access to a wide range of solutions and options. ● Healthcare products are packaged to keep patients and health care providers safe. ● Hiring a third-party logistics provider will help the organisation improve its services in the long run, making the investment worthwhile. ● Healthcare inventory management is an important aspect of the healthcare industry. ● Reverse logistics are required for the restocking, repair, or recycling of health care products. Conclusion

3. Healthcare logistics innovation facilitates the evolution of a new type of value-based supply chain, from delivering prescriptions to providing patients transportation to and from the doctor. The goals of the healthcare supply chain must be reexamined in order to fit a new patient-centred model of care delivery, while also adapting to the unique needs of agencies along the way. Utilising a holistic approach to supply chain management that centres on both patients and clinicians, will help improve patient outcomes while also strengthening long-term supply chain goals between partners.