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[ride the wave 1] 25/8/2016 08:38

Must read :-

hxxp://www.peppolbasics.info/?utm_source=GS1UKWebsiteAdvertising&utm_medium=Leaderboard&utm_content=PEPPOLBASICS&utm_campaign=GS1UKWebsiteAdvertisingPEPPOLBASICS

[professor pettigrew] 25/8/2016 07:32

Morning all. Here's to a decent day.

Keep up the info RTW1, not long now until the beans are spilled.

[ride the wave 1] 24/8/2016 20:13

Who are GS1?

GS1 Standards are helping the NHS save thousands of lives and millions of pounds. They provide the foundation for integrated patient care by enabling the globally unique identification of each person, product and place. GS1 standards have been mandated by the Department of Health for use in all Acute Trusts in England and are integral to the Personalised Health and Care 2020 strategy. They're working alongside the DoH and the NHS to support Trusts, and their suppliers, with the sustainable implementation of GS1 standards.

GS1 UK are a not-for-profit organisation, operating globally, working to help build a safer and more efficient healthcare service. They are one of 112 independent, not-for-profit GS1 organisations operating across 150 countries worldwide. GS1 first introduced the barcode over 40 years ago and today there will be over 5 billion scans of a GS1 barcode.



NHS eProcurement Strategy

In April 2014 the NHS published its eProcurement strategy. The report was driven by the need to optimise and align existing eProcurement practises across the entire NHS and followed on from a number of previous reports.
Where previously all NHS providers had utilised eProcurement solutions to some extent, none had fully implemented eProcurement to underpin all of their procurement activity. Therefore the intention of the strategy was to capitalise on any available NHS providers’ existing technology base. The NHS chose to maximise existing eProcurement systems by focusing on:

The implementation of international standards, supported by enabling national infrastructure, to achieve „straight-through-processing‟;, where transactions are made from machine to machine with little or no human intervention;
Greater use of procurement intelligence and sourcing solutions to improve the outcomes of contracting activity;
The benchmarking of procurement data, to enable NHS providers to compare prices with their peers and to increase competition amongst the supplier base.
Providers were asked to consider extending the use of their existing eProcurement systems to encompass all non-pay expenditure across the NHS. They were also asked to consider implementing additional solutions, or utilise third-party eProcurement solutions, where the NHS provider had gaps in their eProcurement infrastructure.

The ambition of the NHS eProcurement strategy is for all NHS purchase-to-pay transactions and all category management activities to be undertaken by electronic means. The NHS believes that the adoption of common standards by providers and their suppliers, throughout their internal and external supply chains, will create efficiency and quality benefits for all parties.

The key standards required by this strategy for adoption by NHS providers and their suppliers are:

GS1 : For product coding, location coding and data synchronisation
PEPPOL : For purchase order, advice note and invoice messaging
GS1 aims to bring efficiencies to the healthcare supply chain in the UK. The publication of the interim Carter Review (PDF) reinforced the belief that the NHS needs transformation in order to bring about major efficiencies. In his final review Lord Carter highlighted the value GS1 standards can bring to the NHS and referenced GS1 standards implementation specifically in his report.

Lord Carter suggests that investment in digital platforms, improved staff organisation and a better approach to purchasing will make a significant difference to the way the NHS operates and could result in savings of up to £5 billion per year. When referring to GS1 standards it was made clear that the introduction of GS1 standards will allow every NHS hospital in England to save an average up to £3million each year.

Catalogue management

All NHS providers are expected to implement a catalogue solution that includes GS1 master data, and where catalogues already exist, they are expected to be modified as such.

The Department of Health is creating a centralised GS1 certified data-pool and a national product Information Management system (PIM). Each NHS provider catalogue solution will integrate with the PIM to request and manage master product data from the data-pool. The GS1 Global Data Synchronisation Network (GDSN) will then enable this master data to be synchronised in near real-time, ensuring that NHS provider catalogues always contain accurate and up-to-date master data.

Suppliers may load their entire product catalogues into their chosen (global) GS1 data-pool , and the NHS data-pool will be a subset of these data-pools, ultimately containing all products purchasable by the NHS. Consequently, each NHS provider catalogue will be a subset of the NHS data-pool.



Inventory management

Master item data synchronised from the GS1 NHS data-pool to an NHS provider catalogue system can be retrieved to manage logistics activity in the supply chain using Automatic Identification Data Capture (AIDC) devices to scan GS1 barcodes.

Location identification

Today each NHS provider creates a unique reference number (ID) in their own system to identify suppliers and their locations. The consequence being that all NHS providers have different IDs for any given supplier. The GS1 system includes Global Location Numbers (GLNs) that enables globally unique numbers to be created for any location/entity in the NHS supply chain, from factories to clinical departments.

The Department of Health will establish a central GLN Registry for adoption by both NHS providers and their suppliers. This will ensure unique identifiers for each unique entity within the NHS supply chain.



Product codes

A Global Trade Identification Number (GTIN) is a unique number used to access an electronic record held in a database that can contain hundreds of attributes concerning a specific product. A GTIN is globally unique, cannot be duplicated and contains attributes such as;

product description
manufacturer product code
product weights/dimensions
packaging hierarchies
The GTIN is encoded to a GS1 data carrier standard for barcodes and Radio Frequency Identification (RFID) tags, enabling scanner readability.

Price data

GS1 standards enable pricing structures including volume breaks and rebates, to be created and shared electronically. By combining a GTIN and a GLN, customer specific pricing will be held in a GS1-certified data-pool, sharing pricing for any product with any NHS provider.

[professor pettigrew] 24/8/2016 17:15

Positive that we moved back above the intra-day low.

Could be a very positive run-up from now on.

[ride the wave 1] 24/8/2016 17:13

Six NHS Trusts are being fully-funded for early adoption of GS1 standards, covering a range of Trust sizes, services offered and complexity of patients treated. The Department of Health is making funding available to these demonstrator sites to fast-track the full adoption of GS1 standards across the whole of each chosen Trust.
This will give insight into the practical challenges and opportunities of adopting GS1 standards in a live healthcare environment and provide an invaluable measure of objective metrics. It will also give a true validation of how GS1 standards work in a hospital setting – with the real costs and benefits that can be achieved.
A major output of the demonstrator site activity will be clear guidance and best practice – and UK based exemplars – for other NHS Trusts.


1 OF THE 6 NHS DEMONSTATOR TRUSTS ARE USING VIRTUALSTOCK :-

NORTH TEES NHS TRUST , THEY ARE USING IT FOR CATALOGUE MANAGMENT !!!!

DYOR :)

[nocky44] 24/8/2016 16:32

So, how do we fix the problem?
A single electronic catalogue across the NHS

The Department of Health is working to establish a national Product Information Management (PIM) system for the NHS, acting as a single route for data between the GS1 Global Data Synchronisation Network and all Trusts.

Using this approach, Trusts can easily access accurate and transparent product information – enabling more accurate ordering, improved product availability and lower costs. And, in turn, help drive efficiency and improved patient care.
A model hospital of efficiency

Six NHS Trusts are being fully-funded for early adoption of GS1 standards, covering a range of Trust sizes, services offered and complexity of patients treated. The Department of Health is making funding available to these demonstrator sites to fast-track the full adoption of GS1 standards across the whole of each chosen Trust.

This will give insight into the practical challenges and opportunities of adopting GS1 standards in a live healthcare environment and provide an invaluable measure of objective metrics. It will also give a true validation of how GS1 standards work in a hospital setting – with the real costs and benefits that can be achieved.

A major output of the demonstrator site activity will be clear guidance and best practice – and UK based exemplars – for other NHS Trusts.

[ride the wave 1] 24/8/2016 16:09

0.25p is a 50% retracement .

Strong buy

[nocky44] 24/8/2016 15:14

boooom lol fingers crossed mate :-)

[ride the wave 1] 24/8/2016 15:12

When the contract with the Shelford Group comes , we will re-rate to 1p+ .

IMHO of course :)

[nocky44] 24/8/2016 15:05

just sold another share, so another 3.5k going in here, see if i can get price up lol

[nocky44] 24/8/2016 14:59

Nice one RTW1, i ve just got a grand available, so, gonna dip my toe further, make or break me this one!!!!

[ride the wave 1] 24/8/2016 14:22

Genesis and Virtual Stock are completely complimentary technologies.

Genesis (in part) is a system for efficiently managing and creating requisitions within an acute hospital environment – VirtualStock completes the purchasing process by giving access to the most effective route for procuring that stock.

As such, they form a “best in class” solution for the hospital procurement cycle.

That's my reply from Cyrus at Genesis

[sidahass] 24/8/2016 14:21

Any info from the conversation you could share RTW? Cheers

[ride the wave 1] 24/8/2016 14:00

I've already spoke with them as well .

:)

[nocky44] 24/8/2016 13:37

THE TWITTER comment regarding multiple sites is from an employee of Genesis, if we are working with them at all sites(I believe our The Edge and there technology compliment each other), they expect to be in 33 sites by year end (including in USA)

[ride the wave 1] 24/8/2016 13:35

AdviseInc is providing a price benchmarking system while VS are proving a purchase to pay system so no conflict with the two solutions.
The price benchmarking system will be provided to every acute trust and every trust will be required to provide monthly uploads of transaction data.

As well price variation AdviseInc will also report on data quality which will compliment VS in terms of encouraging Trusts to adopt systems that improve catalogue management.

[ride the wave 1] 24/8/2016 13:25

Tick ... Tock

[nocky44] 24/8/2016 12:50

CMFT Procurement
‏@Cmftprocurement

Thank you to @virtualstock and @Procure4Health for presenting to our staff this morning, everyone was impressed

Retweets
4
Likes
6
Mark Stevens
Louise Wall
Cyrus Hodivala
VS
R_b Kn_tt
MamaKamara
Alan Hoskins

6:30 AM - 1 Jun 2016
4 retweets 6 likes

Reply to @Cmftprocurement @virtualstock @Procure4Health


R_b Kn_tt ‏@Procure4Health Jun 1

@Cmftprocurement
Great to be there again today.
Always impressed by your team.
0 retweets 1 like

Cyrus Hodivala ‏@CyrusHodivala Jun 2

@Cmftprocurement @virtualstock @GenesisVMI looking forward to working with VirtualStock at multiple sites
5 retweets 4 likes
VS ‏@virtualstock Jun 1

@Cmftprocurement @Procure4Health delighted to be able to present to you!
0 retweets 0 likes

LIKE THE MULTIPLE ITES COMMENT---SHELFORD GROUP ?, AND THE REST OF NHS TO FOLLOW!!!! TIME TO BUY---IF I HADN'T ALREADY!!!!

[nocky44] 24/8/2016 12:27

The quiet before the storm :-)

[professor pettigrew] 24/8/2016 10:39

I am completely overwhelmed by the astonishing interest in LEG today.

Time for some serious sunbathing - catch you all tomorrow morning.

[professor pettigrew] 24/8/2016 07:33

Morning all.

Another sunny day on the horizon, won't be long before the happiness spreads here too.

Must admit it's been a long time since news, but with results looming I'm betting on a raft of announcements over the coming weeks.

Keep buying/holding/accumulating.

The re-rate could be dramatic.