Johnson & Johnson is No. 5 on the Fair360, formerly DiversityInc Top 50 Companies list
The Johnson & Johnson Medical Devices Companies (JJMDC) have been honored with two supplier awards from Intermountain Healthcare. Intermountain’s 2017 Supply Chain Excellence Award was presented to JJMDC for excellence in supply chain efficiency and innovation. Additionally, the 2017 Corporate Social Responsibility Award was presented to Sterilmed, Inc., part of JJMDC, for its continued efforts to have a positive social and environmental impact in local communities.
JJMDC and Intermountain have worked together to standardize products and processes, as well as define cooperative programs that reduce stock outs, increase standardization, improve lead times and optimize perfect order efforts related to the use of JJMDC products. By utilizing the Supply Chain Optimization capability offered through CareAdvantage from the Johnson & Johnson Medical Devices Companies**, Intermountain has experienced the following with respect to JJMDC products:
A reduction in more than 100 suture SKUs[i]
A 25 percent increase in inventory turns[i]
Dock-to-stock reductions from 48 hours to four hours[ii]
Stock out reductions of 40 percent[ii]
An overall reduction in product lead time; and[ii]
Increased supply chain transparency.[ii]
“We are honored to receive this special recognition from Intermountain Healthcare,” said Tim Schmid, Chief Strategic Customer Officer, Johnson & Johnson Medical Devices Companies. “These awards underscore our commitment to helping U.S. health systems deliver value-based care by helping to lower costs, enhance outcomes, and increase patient satisfaction, all while supporting local communities.”
For more information on CareAdvantage, visit http://careadvantagejjmdc.com.
The Corporate Social Responsibility Award demonstrates Sterilmed’s commitment to environmental stewardship, governance, empowerment and diversity. Nearly seven million devices and over two million pounds of waste were diverted by Sterilmed in 2016 alone, and for Intermountain, Sterilmed successfully integrated a sustainable purchasing process for reprocessed medical devices.[iii]
“Sterilmed is proud to receive this award, and proud to partner with Intermountain Healthcare to drive economic and environmental sustainability through proven solutions,” said David Hummell, Vice President, U.S. Sales and Marketing for Sterilmed. “We aim to help health systems minimize waste and generate more savings; and this recognition proves we are succeeding.”
