Medline systems and the Lawson ERP to optimize data transfer , cadence and alignment within the auto-substitution program .

While all this was underway , the Stanford supply chain and Medline teams , with the support of GHX , set out to implement a best-in-class price accuracy solution for TruePrice using the My Exchange portal to monitor and measure efficacy .

A positive experience leads to positive outcomes With the groundwork laid , Medline activated TruePrice — an accuracy model that allows for aggregation prices over a designated period of time rather than focusing resources on ensuring the accuracy of every single purchase order — in March 2023 , also establishing a more frequent communication cadence for price change notifications . Likewise , Stanford

established a process to keep pricing up to date , all of which brought the price accuracy rate to 99 % from upper 70s in just 18 months . 4

Today , the Stanford and Medline teams continue their frequent collaboration touchpoints to address high-value / volume items and , in the process , have fostered a stronger partnership , clearer communication and collaboration , and well-defined ownership of tasks . ◼

References 1,3 https :// www . medline . com / strategies / supply-chain / stanford-and-medline-reimagine-the-future-supplychain / 2 https :// www . medline . com / strategies / supply-chain / medical-supply-shortages-answer-auto-substitution / 4 https :// www . medline . com / strategies / supply-chain / strategies-case-studies-price-accuracy-best-practice-from-medlinestandford-medicine /