Category: Article

Article

Medical Device Loaner Stock:
Complexity that Demands a Purpose-Built Solution

It’s not easy to manage product loans for the field: translating requests, the reverse logistics of receiving, replenishing, and billing—all while optimizing inventory. It’s too complex to expect generic tools to handle. Loaner Operations needs a tool built for the job. CHALLENGES to Loaner Inventory Implantable med device field loaner… Read More

BY Mareo McCracken
Article

Automating Pricing Construct Assignment

Enhance Accuracy, Efficiency, and Trust in Medical Device Billing  In the complex landscape of the medical device industry, precise billing is paramount. Accurate billing fosters healthy partnerships & ensures both medical device manufacturers and hospitals can effectively manage their finances. But it’s not easy. Existing Challenges  The management of pricing… Read More

BY Kennedy Schnieders
Article

Revolutionizing Medical Device Consignment and Audits with Movemedical: Efficiency, Precision, and ROI Guaranteed

In the unique, complex, and fast-paced world of medical device inventory management, staying on top of inventory audits can be a daunting task. Errors can lead to costly consequences, from compliance issues to lost revenue. At Movemedical, we understand the challenges you face, and we’ve developed a solution that’s not… Read More

BY Mareo McCracken
Article

Driving Last-Mile Medical Device Supply Chain Visibility

The lack of supply chain visibility and asset traceability is one of the biggest problems medical device companies face today, especially in the last-mile as it relates to field inventory. No Visibility. In addition to wasted time, money, and assets, incomplete field inventory visibility causes all sorts of other issues… Read More

BY Mareo McCracken
Article

Operationalizing Consignment Par Levels

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

BY Joost Rietdijk

Other Articles

Operational Excellence

Fix Medical Device Inventory & Reduce Costs

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

BY Mareo McCracken
Article

Seven (7) Ways ChatGPT Recognizes How Med Device Companies Benefit from Using Movemedical

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

BY Mareo McCracken
Article

Using The Right Levers Creates Exponential Asset Utilization Improvement

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

BY Joost Rietdijk