The Impact of Technology in Healthcare Supply Chain Performance: A SWOT Analysis

Abstract

The impact of technology on healthcare supply chain performance is profound. Integrating emerging technologies like blockchain, big data, and the Internet of Things (IoT) and others enhances efficiency, transparency, and inventory management in healthcare. While this improves medication availability, reduces costs, and enhances care quality, challenges like high initial expenses, cybersecurity demands, and skill requirements arise. Furthermore, strict data protection regulations pose integration hurdles. The objectives entail understanding technology’s impact on healthcare supply chains, with a focus on SWOT analysis. SWOT aids in identifying strengths, weaknesses, opportunities, and threats linked to technology integration, facilitating strategic decision-making and opportunity assessment for healthcare businesses.