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
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
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
Every medical device company is on the same journey to serve their patients better. To get there the focus needs to be on finding out how to reduce waste and optimize resources. Yet, with no true visibility, outdated tools, disconnected systems, and inefficient processes—the progress is slow. The challenges are… Read More
The digital transformation train is leaving for Automation Station—Don’t get left behind in the digital revolution. Traveling alone in a foreign country, I recently found myself being held hostage—by a powerful “intelligent system”. After recently attending a large medical device logistics conference in the… Read More
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
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
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