Tag: Medical Devices

Article

Medical Device Loaner Stock:
Complexity that Demands a Purpose-Built Solution

It’s not easy to manage product loans for the field: translating requests, the reverse logistics of receiving, replenishing, and billing—all while optimizing inventory. It’s too complex to expect generic tools to handle. Loaner Operations needs a tool built for the job. CHALLENGES to Loaner Inventory Implantable med device field loaner… 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

Driving Last-Mile Medical Device Supply Chain Visibility

The lack of supply chain visibility and asset traceability is one of the biggest problems medical device companies face today, especially in the last-mile as it relates to field inventory. No Visibility. In addition to wasted time, money, and assets, incomplete field inventory visibility causes all sorts of other issues… Read More

BY Mareo McCracken
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

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

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