Novation Named to "100 Great Supply Chain Projects" List
Leading Business Magazine Announces Its 2012 Supply & Demand Chain Executive 100
IRVING, Texas, May 2, 2012 /PRNewswire/ -- Novation, the leading health care supply chain expertise and contracting company for the members of VHA Inc., UHC, and Provista LLC, today announced that it has been named on the 2012 "100 Great Supply Chain Projects" list for its successful implementation of an innovative e-Sourcing solution.
Supply & Demand Chain Executive Magazine, the executive's user manual for successful supply and demand chain transformation, this week announced its 11th annual listing of the Supply & Demand Chain Executive 100, highlighting "100 Great Supply Chain Projects."
Novation was recognized for its successful implementation of a fast, dynamic and integrated e-Sourcing and contracting platform. Novation has the industry's largest, most advanced data and analytics capabilities to help VHA, UHC and Provista member organizations empower their purchasing decisions, drive down their costs and identify significant savings opportunities. The success of these analytics and tools begins with Novation's use of a robust sourcing and contracting platform.
"Novation made the strategic decision to invest in significant technology advancements; these investments have resulted in increased speed and sophistication of the sourcing platform that has advanced our enterprise-wide sourcing and contracting operations," said Jody Hatcher, president and CEO of Novation. "In today's world of on-demand ordering and mobile technology, we wanted to implement a new and innovative approach to our business operations. And this implementation has allowed us to deliver the industry's most sophisticated data and analytics tools to the alliance members we serve."
"The time and resources Novation invested in developing this powerful new platform have resulted in a tool that delivers the highest-quality sourcing capabilities that meet members' current and future business needs," said Dan Sweeney, senior vice president, information and data services, Novation. "We are committed to continue developing and utilizing e-Sourcing tools that allow us to efficiently and consistently conduct sourcing events, as well as create, manage, and catalog our contracts."
This year, Supply & Demand Chain Executive focused the criteria for its "100" feature on supply chain transformation projects that have had a significant impact on the companies going through the implementations. Through an online submission process, the magazine collected information on supply chain transformation projects, including information on the objectives, scope, timeline and results of the project. The submissions were evaluated by the magazine's editorial staff primarily based on: ambitiousness/scope of the project; creative application of technologies/solutions/services used; extent of the business results/impact; and clarity of submission.
"Our goal with this year's '100' is to put the spotlight on successful and innovative transformation projects that are delivering bottom-line value to small, medium and large enterprises across the different functions that comprise the supply chain," said Barry Hochfelder, Editor of Supply & Demand Chain Executive. "The projects featured in the '100' article can serve as a roadmap for supply chain executives looking for new opportunities to drive improvement in their own operations."
About Novation, Winner of the Ethics Inside® Certification
Founded in 1998, Novation is the leading health care supply chain expertise and contracting company for the more than 65,000 members of VHA Inc. and UHC, two national health care alliances, and Provista, LLC. Novation provides alliance members with sourcing services, as well as information and data services. Based in Irving, Texas, Novation develops and manages competitive contracts with more than 600 suppliers. VHA, UHC, and Provista members used Novation contracts to purchase more than $40 billion in 2011. Novation recently earned the coveted Ethics Inside® Certification from Ethisphere Institute, a leading international think tank dedicated to the research and promotion of best practices in corporate ethics and compliance. Novation was also named on Ethisphere's World's Most Ethical Companies list, and is the only company in the health care industry to earn both distinctions.