Real-time Hospital Visibility

Medical device suppliers as well as hospitals are challenged with reducing the costs of carrying and managing inventory.   Inventory levels are very large, diverse in terms of models, makes and types, and mixed in terms of consigned and owned.  Hospital staff and sales representatives engage in periodic and time consuming cycle counts and audits in an attempt to gain some information about their inventory levels and comply with regulatory bodies. This all adds up to common problems:

• Too much expensive inventory on hand
• Periodic write-offs due to inventory shrinkage and expirations
• Expiring products not being taken off the shelf and causing patient safety risks
• Periodically running out of stock for needed products
• Dissatisfied staff wasting time caring for supplies instead of patients 

WaveMark’s Real-time Hospital Visibility is a Software as a Service (SaaS) solution that leverages WaveMark’s cloud-based Visibility Engine with a deployment of RFID Smart Cabinets and Point of Use Stations in hospitals.  The solution allows for automated real-time inventory cycle counts as well as real-time usage reporting, and provides this information to both the hospitals as well as the medical device suppliers via the SaaS platform.  The benefits are shared by hospitals as well as medical device suppliers. 

• Full supply chain visibility from the point of manufacturing to the point of patient use
• Ability to right size inventory while supporting clinical demands and avoiding stock-outs
• Optimized consignment levels
• Visibility to usage patterns
• Enabling Vendor Managed Inventory (VMI)
  

Learn more: WaveMark Visibility Engine, RFID Smart Cabinets and Point of Use Stations