Tag: consigned inventory

Article

Advanced Analytical Models For True Medical Device Inventory Consignment Optimization

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

BY Joost Rietdijk
Article

Reduce Inventory | Increase Turns | Help Sales

Driving Field Inventory Optimization Starts With The Right Tools [ *The purpose of this article is to share insights that help med device leaders (operations, sales, IT) increase revenue & optimize field inventory through effective digital transformation.] The Best Medical Device Companies Increase Turns, Reduce Inventory, Drive Sales… Read More

BY Mareo McCracken
Article

Too Many Disconnected Tools Drive Down Inventory Performance

Medical Device Field Inventory Is Massively Complex With too many tools and disconnected process, it makes the work even harder. With the right tools in place, major medical device implant manufacturers can finally have real-time inventory visibility, accurate forecasting all while driving asset utilization, and reducing waste. There are too… Read More

BY Mareo McCracken
Innovation

Can RFID Be The Solution For Medical Device Asset Utilization, Inventory Efficiency, and Usage Accuracy?

When done the right way, RFID is powerful. “RFID is not a technology that you can just heavy-handedly push into your processes and channels and assume that it’s going to provide you the gains you need. You have to know how and be able to utilize the data at… Read More

BY Nicolas Orrego
Article

Removing The Pain of Medical Device Audits & Cycle Counts

Are your AUDITS/Cycle Counts painful? You know Audits & Cycle Counts are a necessary evil: Besides being required for regulatory compliance they expose discrepancies between system inventory and the actual warehouse and field locations. It is difficult to get an accurate count. It… Read More

BY Nicolas Orrego

Other Articles

Article

7 Unrealized Key Objectives Achievable With The Right Tools and Lean Processes

Lean strategies, properly applied, allow sales and operations teams within the medical device industry to scale without adding a ton of overhead. Read More

BY Eric Huppi
Operational Excellence

Entry Level vs Enterprise: Medical Device Sales Field Enablement & Inventory Optimization

The Right Enterprise Platform Makes All The Difference When searching for the right tool, there are so many factors to consider. When you understand what is important, then everything else becomes easier. After helping many of the world’s largest enterprise med device companies with their field sales enablement and… Read More

BY Mareo McCracken
Innovation

Days of Inventory on Hand is The Future

Covering Each Surgery is Good. Accurate Par Management is Better. Days of Inventory on Hand is Best. Medical device implant inventory management is complex.  The last-mile is so unique. You have sales reps, support, and ops teams trying to work together, but often using different tools,… Read More

BY Mareo McCracken