supply chain management

Its digital marketplace, featuring over a million products, seeks to address issues in the global procurement of critical healthcare equipment.  

The supply chain represents 40% of a hospital's budget. The pressure to reduce cost is at an all-time high due in part to slow revenue growth - a major challenge for hospital CFOs - says David Kirshner managing partner at LogicSource.

This comes ahead of the company's reported IPO filing by October.

The aim of the electronic system is to ensure medicines are dispensed according to the correct procedures set by authorities, as well as to prevent counterfeit drugs.

The platform will trace the source of manufactured products, such as PPE, to stymie the supply chain of counterfeit goods.