True Inventory Visibility Reduces Field Stock by 30%

Written By

Mareo McCracken
Mareo McCracken

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GIVE YOUR TEAM THE FULL INVENTORY CONTROL IT DESERVES

Your organization is constantly battling inventory traceability, lot control, demanding schedules, last-minute requests, complexity, and, as always, costs. Movemedical is here to help.

When you have the ability to track each piece of stock individually you are empowered with complete visibility of every single item along with loan shipping optimization, audit management, stock location predictions, auto-reconciliation, and the holy grail of medical logistics: future inventory scheduling.

REDUCE INVENTORY BY 30%

We have found that companies empowered with Movemedical are able to reduce inventory by 30% and reduce costs all while still increasing service levels and sales. This is because they finally have full inventory tracking and traceability built into their sales teams field operations tool. They have one tool that controls the actions as well as provides accurate usage and predictive data. Communication, Visibility, and Control are the three reasons teams are able to reduce inventory while increasing accuracy and sales.

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REMOVE THE HEADACHE OF UDI

UDI compliance is a new challenge for the medical device industry. Overcoming this hurdle with a legacy solution is daunting, but with atomic inventory in Movemedical, UDI can be implemented whether or not a given piece is serialized. By using atomic inventory to apply real-time attributes to individual pieces, compliance is achieved, countless problems are solved, and doors to unprecedented efficiency and cost reduction are opened.

IMAGINE BEING ABLE TO EMPOWER YOUR TEAM

Imagine that your job is to source product. Every day you navigate the complicated waters of locating products, trying to project where they will be and when, not having access to partial kits or future locations, and trying to think about the most efficient method of doing so along the way.

Now imagine that those problems suddenly disappear. Imagine that you have a compass that automatically guides you through the murky waters of complicated inventory management. Sourcing suggestions are automatic, and you have more options to choose from. The most optimal selections (based on cost and efficiency) are presented first. Loans for the day are optimized, reducing the number of shipments per day and amount of product shipped. Product gets delivered to customers sooner, and they are ecstatic.

MOVEMEDICAL: ONE OF A KIND COMPETITIVE ADVANTAGE

Even two years ago the technology did not exist to make granular inventory management possible. With the power of neural networks and other transformative algorithms, the ability to control and apply attributes at the piece level is truly an innovation that is head and shoulders above anything else in the industry. With Movemedical, your visibility at the item-lot-piece level will set a new bar in operational insight and efficiency for your organization.

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