By Nicolas Orrego
Solving Medical Device Field Inventory Challenges (Consignment Management etc…)
Every medical device manufacturer has inventory challenges.
Sometimes they ask us to help, sometimes they ask us questions.
Usually, they like our answers.
It is time for you to decide:
How can Movemedical help me solve my visibility issues?
The biggest challenge facing medical device field inventory management is the lack of true visibility.
When you don’t know where your inventory actually is, it is impossible to allocate, source, plan, and forecast. With the SaaS product Movemedical you can trace every movement of every piece of stock, as part of a kit and/or individually. More than just historical data know not just where inventory should be, but where it actually is.
Capture accurate location and usage information via Bluetooth, RFID, shipment data, or barcode scanning on a unified, purpose-built platform that manages all inventory types including consigned (hospital & rep), warehouse, distributor, and loaner inventory.
Movemedical is a robust, flexible platform built for inventory visibility. Sales reps, customer service, corporate operations, and warehouse operations are empowered to use one system to schedule, order product, request loaners, capture usage, send and receive inventory, and communicate.
Visibility informs better decisions. It improves inventory accountability, operational efficiency, and data accuracy. True visibility reduces costs, reduces waste, and increases sales.
Movemedical is built to solve your visibility issues.
How can Movemedical help me lower costs?
As margins erode, lowering costs is key to providing the best possible patient experience.
The medical device industry is changing, the companies with the best products and most efficient operations will be the ones that end up leading.
The first step is to stop wasting money. The second is to drive efficiencies and operational excellence. Movemedical was built for both.
There are so many ways to lose money when it comes to medical device field inventory management.
Outdated tools with bad processes cost you.
Lost items due to lack of visibility cost you.
Countless payroll hours wasted on duplicate or manual processes cost you.
Lost opportunities due to inefficient planning cost you.
Un-optimized inventory management cost you.
Stop the bleeding.
Knowing where all your inventory is, in real-time is the first step. The second is being able to act on it. Movemedical creates visibility and then enables actions that allow for better decisions. With Movemedical you create efficient processes that reduce waste.
How does Movemedical help me stay compliant? Is Movemedical validated?
If you are not compliant, nothing else matters. Especially when you have a purpose-built tool that is fully integrated into your ERP, you need a system and team you can trust.
As a validated system, Movemedical is Soc 2 Type I and II certified along with the Hi-Trust Certification crossmap.
Movemedical enables full HIPAA, SOX, GXP, and GDPR compliance.
As a cloud-based (AWS) SaaS provider, we have chosen to adopt additional standards that go beyond FDA General Principles of Software Validation and HIPAA. These include ISO 13485 Medical Devices Quality Management Systems (arguably the most widely adopted and recognized standard in the medical device industry), the related ISO 14791 Risk Management Framework. (since FDA and HIPAA do not directly address cloud infrastructure controls).
Rest easy with compliant, secure, certified, accurate, real-time communication, coordination, and visibility. The future of your investment is made sure, with lifetime upgrades and infinite configuration capability. After thirteen years of experience in the industry helping 8,000 users coordinate 6 million surgeries Movemedical as created a state-of-the-art SaaS platform that is known as the only practical enterprise solution.
How does Movemedical help me increase my revenue?
Movemedical helps you increase revenue in two main ways. First, we enable your entire field inventory team (sales, ops, corporate) to do their job easier. Then, Movemedical helps you provide better service to your customers.
The formula is simple:
Better Service = Better Customer Experience
Better Customer Experience = More Business
More Business = Increased Revenue
When Sales Reps can accurately and efficiently schedule surgeries, request case requirements, and track their requests, they want to use the system and trust it. Instead of reps spending time and effort managing inventory, they trust their ops partners to fulfill the requests. More time and effort is spent strengthening partnerships, building and securing business.
Operations now have full visibility. They can provide a more accurate service when they know what to plan for. The failure rates are all but eliminated. The more ops can do and see the more trust they build with sales.
Corporate planning, sales, marketing, and operations now have the ability to have all of their sales and inventory information in one place with true visibility.
Superior tools drive better processes. Better processes produce better data. Better data insights inform better decisions. When you have the ability to get your entire team on the same page, focusing on the customer, you will grow your business, reduce costs, and increase profitability.
Knowing what to do is one thing. Actually doing it is another story.
It takes experience, a trusted partner, and attention to detail.
If you can create a plan and then take action to make those integrations happen, you will have a successful outcome. When you have a plan in place and are working with a trusted partner, you will accomplish your vision. You will optimize your field operations by providing a useful tool that gets the job done.
Your journey to optimization has already begun. Keep going.
Movemedical has helped many medical device manufacturers succeed whose previous “solution” failed them, whether it was built in-house or by a 3rd party. You need to partner with someone who has done it before. We are here to help. Better partners help drive better results.
We can help, we can be your partner.
Call Now: 877.469.3992
Request Info: https://movemedical.com/request
More info: https://www.movemedical.com/product
Key benefits: consignment management at all levels, true item level kitting, case management and inventory assignment, loaners, accurate forecasting, complete visibility, par-management, RFID, tracking all items inside and outside kits, sterile, non-sterile, HIPAA compliant communication (files, messaging), and full custom ERP integrations to reduce manual effort.
Now it is time to take action.
Call Movemedical now to begin your journey.
858.956.0219 or email@example.com
A good field inventory solution and/or a WMS are worth their weight in gold—but a fully integrated medical device-specific operations and sales force effectiveness platform is priceless.
A complete tool should be able to or have:
- Surgery Scheduling (+ Calendar)
- Consignment Inventory Management
- Inventory Management System
- Surgeon Preferences / Preference Cards
- Loaner/Inventory Requests
- Hybrid Kitting (Skinny Kits, Kit Management, Kit Versioning, Tracking)
- Case Management
- Sourcing Matrix Tool
- Directed Picking & Put-away (Bin Mapped)
- Active Order Visibility
- Receive, Inspect, & Verify Inventory
- Shipping Coordination (FedEx, UPS Integration)
- Customer/Account Management
- Opportunity/Lead Management
- Inventory Control & Visibility (All Locations, All Buckets)
- Auto Product Replenishment
- Commission Calculations
- Expiration Notifications
- Direct Orders
- Send & Receive Tools (Rep to Rep etc.)
- Contract & List Pricing (Real-time)
- Audit/Cycle Counts
- Reporting & Billing
- Image & File Sharing
- Secure HIPAA Compliant Communication
- Mobile Usage Capture
- UDI Compliance
- Barcode Scanning
- RFID Integration & RFID Reconciling (HF/UHF)
- ERP/CRM/EMR Integrations
- Demand Planning Tools
- Consignment/Loaner Management
- Pluggable Workflows (Programmatic Integrations, Integrated Prediction Models)
- HIPAA Compliant Communication Platform (Messages, Calendar, Usage, Notes, Files)
- Sourcing Optimization
- Future Stock (Virtual Inventory Assigned to Future Events)
- Atomic Inventory (UDI Ready, Piece Level Tracking, Serialized or Not)
- Cross Boundary Workflows
- Lost & Found (Automatic Cycle Counting )
- Merger/Acquisition Integration
- Par Management
- Multi-Catalog Management
- Loan Optimization (1 Loan Per Day)
- Separate or Combined Sales & Operations Alignment
- Cost-to-Serve Metrics
- Turn Ratio Dashboards
- Sales Metrics / Data (Reps, Leaders, Corporate)
Need to talk with someone? We understand. Call anytime.
or visit: www.movemedical.com/product