Tag: Consignment

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
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

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
Article

Maximizing Audit Value: Going Beyond The Count

Give reps their day (life) back by reducing audit time from days to minutes, while also removing all the stress. Inventory audits involve so much more than simply counting items. Built-in shelf mapping, automated alerts, generated discrepancy reports, and the ability to quickly scan any barcode straight from a… Read More

BY Eric Huppi
Article

3 Data-Based Methods for Optimizing Medical Device Asset Management 

Field operations are complex and continuously changing. Multiple adaptive advanced analytics models triangulate and automatically take mitigating action on inventory efficiency opportunities and risks. Operations in the Medical Device industry are especially complex due to the expectation of zero failures. When sales teams fail to ensure the right assets are… Read More

BY Pat Schenkel

Other Articles

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
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