Tag: Inventory Management

Article

Four (4) Key Corporate Resilience Principles Top Med Device Companies use to Grow Through Global Uncertainty.  

Considering the litany of recent and ongoing local and global struggles ranging from medical and financial uncertainty to political unrest, a resilient supply chain has never been more critical. Uncertain Times The rollercoaster of events over recent years have impacted all industries, especially in the healthcare sector. Everyday heroes… Read More

BY Nicolas Orrego
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

How can you know your Cost to Serve is accurate?

Cost to serve is really hard to calculate.Most companies try, but they don’t have enough good data to do it right. Cost to Serve (CTS) is a coveted metric in the medical device industry.  It enables business leaders to realize significant financial impacts within their organizations. For example, they can… Read More

BY Pat Schenkel
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

Improving Order to Cash: A Data-Driven Approach

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

BY Joost Rietdijk

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
Article

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