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Centra Health Student Name Institutional Affiliation Date Centra Health Impact of Economy Competition Since Centra Health faces stiff competition in the healthcare market, this compels the business to be cost-effective throughout its operations, including supply chain management. This will necessitate the need for the facility to negotiate contracts with suppliers for medical equipment and pharmaceuticals. Renegotiating contracts with suppliers can assist in minimizing costs and improving the quality of supplies (Plambeck & Taylor, 2007). Centra Health needs to implement lean practices like reducing wastage and improving process efficiency. Such a move will assist in streamlining the supply chain, while also minimizing costs. The business can leverage technology to facilitate better supply chain visibility. This will assist Centra Health in identifying areas for improvement and making better-informed decisions to stay competitive in the market. There is also room for Centra Health to explore alternative sourcing options. This will be critical in getting more cost-effective suppliers, who are also reliable. Quality of Care Centra Health emphasizes the provision of high-quality care, which necessitates a reliable supply chain where high-quality medical products and services can be acquired effectively. The business needs to put stringent quality control measures in place to ensure that all the supplies and equipment meet the threshold outlined in regulatory standards. In particular, Centra Health needs to be stricter in evaluating suppliers. Before the hospital contracts suppliers, they need to undertake background checks to ensure every supplier meets the facility's quality standards. The reliability of the supply chain can be enhanced by adopting technology. The hospital can integrate suppliers and service providers with the digital systems in the facility Range of Services Centra Health’s diverse range of services needs a complex supply chain to ensure that all the needed items and services are available at the right time. The facility is forced to offer a wide range of services to attract more clients and increase its revenue. The supply chain needs to be adjusted to meet the complex needs of the hospital. Additionally, with the wide range of services, every department has its unique needs. The supply chain needs to be versatile enough to source the needed supplies for the various departments. Impact of Expenses The management of the supply chain impacts expenses negatively. Centra Health has not standardized some processes in the supply chain, which increases the expenses of the business. Without standardization, the supply chain is complex to manage, which increases operational costs (Perona & Miragliotta). Additionally, the inability to optimize staff and patient flow has increased costs for the business. The irregular flow of patients within the facility makes it challenging for the facility to plan time, which significantly impacts the ability of the supply chain to meet the fluctuating demand. The high turnover as a result of poor management of workers increases the costs of the supply chain. The turnover makes it challenging for new em...