By leveraging consignment loan performance metrics, par levels can be maintained through automated orders. Going a step beyond calculating optimal consignment inventory levels (previously addressed in the article Advanced Analytical Models for True Medical Device Inventory Consignment Optimization), the present article demonstrates how consignment loans can be leveraged to… Read More
Impact of Cycle Time and Service Level on your Inventory Levels Clean, fast data enables proactive inventory control and management. Applied properly, advanced analytics can be leveraged to optimize your field inventory operations. Previous articles discussed calculating optimized inventory levels for medical device field offices based on actual demand… Read More
For most in the medical device space, the Order-to-Cash (Order2Cash, OTC, O2C) process is cumbersome and inefficient. The Medical Device complex supply chain desperately needs a complete end-to-end renewal to improve accuracy, efficiency, and patient safety—while driving genuine cost savings. The current processes for exchanging data between MedTech manufacturers and… Read More
Sales reps and ops teams in the medical device industry face complex challenges. Unique to the medical device last-mile supply chain is the fact that sales reps often carry inventory stock with them on a full-time basis as safety stock or as part of the overall fulfillment process. This “… Read More
Operational Excellence and Inventory Optimization are now key components of every major med device manufacturer’s long-term strategy. One of the main focus areas for limiting waste and practicing lean operations is through effective inventory placement at the hospital locations. Solving consignment inventory questions requires multiple steps. Managing consignment is one thing. Knowing… Read More
The medical device last-mile is complex. The unique variables regarding field inventory, sales, billing, and order management add tremendous costs. Movemedical can help lower costs for medical device companies in several ways: Streamlined Inventory Management: Movemedical’s software allows medical device companies to manage their inventory more efficiently. By providing real-time… Read More
Managing implantable surgical devices in the field is highly complex, and requires teams of experienced industry experts to map out effective processes and implement them efficiently. Understanding the unique approaches needed to successfully accomplish this is a challenge for even industry veterans. To see how well AI could comprehend from… Read More
