Key Challenges Identified in Medical Supplies Procurement
Revenue Leakage & Operational inefficiencies due to supply chain challenges
Lack of actionable Data for Purchase Planning, Manual processes, Multiple vendors, Huge SKUs
Product & Price Awareness
Limited Information channels & exposure, lack of regular accessibility of sellers/ availability of stocks
Inefficient processes - High turnaround time for order fulfilment
Highly fragmented Distribution especially in Tier II & Tier III cities, lengthy order processing
Inventory losses due to expiries, Excess/Shortage of stock.
Benefits for Partner Hospitals
• Largest Product Catalogue
• Alternate Products / Brands Available
• Quality Assurance
• Improved Supply chain
• High time savings
• Timely + Last mile delivery services
• Significantly reduced Procurement Cost
• Reduced Inventory
• Lower HR and Transport costs
What our clients say about us
Dr. Ayush Tiwari
Managing costs in these dire times is a big challenge for us. I wish we could have a data-driven process for Purchase Planning to bring down procurement cost and lower our OPEX significantly."
Dr. Nikhil Chitnis
My purchase team has to multitask their lives out in dealing with hundreds of vendors, settling ordering and billing issues, managing watertight turn around time if I could just have a one-stop solution for my procurement woes, that would be a boon for me."
Frequently Asked Questions
VPO stands for Value Purchase Organization. It is a transformational healthcare procurement concept conceived by Medikabazaar, especially for India. Medikabazaar will deal with multiple vendors for all your medical procurement needs and you only need to deal with us. This is a one- stop solution that will help healthcare providers realize cost savings and workflow efficiencies by utilizing aggregated procurement with Medikabazaar to ensure uninterrupted supply of medical products at very competitive prices.
VPO helps large, medium and small hospitals in streamlining their procurement process. If you wish to lower your OPEX, reduce man-hours, eliminate logistical inefficiencies, avoid stock-out and excess stock situations, reduce lengthy turnaround times, ensure product quality and do away with the hassle of dealing with hundreds of vendors, then VPO is suitable for your hospital.
VPO is an aggregation based procurement solution and has been designed to help Hospitals overcome various issues related with medical procurement w.r.t. affordability, availability, accessibility and awareness · Medikabazaar has built a mammoth supply-side ecosystem with over 13,000 Seller Partners from India and abroad. This means that your healthcare organization gets easy access to an entire portfolio of products, available across the country · For us as a unified procurement partner, your combined spend provides us the power to offer discounts and help you save on procurement costs · You do not need to purchase products from a large number of vendors anymore. Leave that to us · You are able to receive cost and qualitative benefits through economies of scale and the ‘Value Procurement’ we provide
The VPO program is ABSOLUTELY FREE. In fact, the program has been designed to help hospitals make more profits by decreasing procurement costs.
- Get the benefits of Medikabazaar’s extensive partner relationships with suppliers
- 20-30% procurement cost savings
- Better pricing and contract terms based on volume and supply efficiencies
- Continuous improvement as we better understand your procurement needs
- Availability of Product substitutes
- Lower Manpower costs for you
- Efficient Logistics
- Elimination of over / under stocking problems
- Assisted procurement
- Reduced Turnaround Times
- Single point of contact eliminates the hassle of dealing with hundreds of vendors
Just a discussion away. We obtain an in-depth understanding of your current procurement process, analyze your data, estimate your potential savings and then provide you with a detailed rollout plan to ensure a smooth and seamless transition.
Medikabazaar is India’s largest B2B medical supplies marketplace. With a catalogue of 5 lakhs+ product SKUs from 13,000+ suppliers, we are confident of fulfilling all your medical supply needs.
Fill out the enquiry form on this page and our team of experts will contact you to have a detailed discussion about your needs, and how VPO can help you transform your medical procurement process.