Tag: Consignment

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
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
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

Advanced Medical Device Inventory Optimization Through Automation

Optimizing your field operations with advanced field sales and inventory automation is now possible. By focusing on the right things, you can truly transform your medical device field inventory, operations, and sales. There are four main areas that will have the greatest impact on increasing your asset utilization through efficient,… 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

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