What’s inside:
Keeping up with technology is the new differentiator for healthcare organizations.
With high quality data steering healthcare providers towards success, the healthcare inventory management infrastructure is more vital today than ever.
Did you know that just like products, inventory management technology also has an expiry date? Far too often, outdated inventory management systems struggle to collect full, accurate, enterprise-wide data – and in today’s healthcare sector, that can be a fatal flaw.
Old systems that rely on manual workarounds and generate ‘insights’ based on partial and incorrect data are hindering, not helping healthcare efficiency.
So if your inventory management system requires manual inputs for stock monitoring items kept in storage, and consumed at the point of care, then it’s time to realize that your old tech has expired, and it’s time for an upgrade.
How to know if your inventory management technology is outdated
There are many signs that your current inventory management system is out of date and needs an upgrade.
System limitations affect staff workloads,
- Manual processes: If you’re still relying heavily on manual processes and workarounds, it’s a sign that your technology has had its day.
- Inaccurate data: Are you struggling to get accurate data on inventory levels, usage, and costs, and don’t trust your ‘insights’, it’s time for change.
- Limited visibility: Do you have difficulty tracking inventory across multiple locations? You need enterprise-wide vision.
Unless your inventory management systems captures all the inventory you wish to automatically manage, then every piece of missing data is a gap in your knowledge.
Hospital inventory management systems need to keep up with the times. Technology is continually advancing, and the best systems will give providers enhanced performance and competitive edge.
Why is it important to have up-to-date inventory management technology?
In today’s data-driven healthcare sector, accurate and efficient inventory management is crucial for success.
There’s a cost to staying with outdated technology when your competitors are embracing next generation solutions. The speed, quality, and analytics achieved by new inventory management technology is on another level – enabling early adopters to race ahead in terms of efficiency.
By investing in modern technology, you can unlock the following benefits:
- Data inputs: Gaining complete and correct data collection of stock items and consumption is the cornerstone of any efficient system.
- Data outputs: AI, machine learning, and predictive analytics are changing the game, generating valuable insights into inventory levels, supply chain costs, usage patterns, and forecasts.
- Improved efficiency: Automated processes can streamline inventory management tasks, reducing manual effort and eliminating data errors.
- Enhanced decision-making: Real-time data and analytics can help you make informed and timely supply management decisions.
- Cost savings: By optimizing inventory levels and reducing waste, and using data insights to address areas of inefficiency, you can make significant cost savings.
- Increased revenue: Improved inventory tracking at the point of use enhances patient care and optimizes case revenue.
It’s time to catch up – advanced technology is not just a clinical system, it is a business driver.
When data collection, data processing, and insight-generation are optimized, the outputs really make a different to managers.
Quality data steers healthcare management towards areas of inefficiency, highlighting urgent tasks that keep supplies at hand and costs down. It supports operational and strategic decisions that impact the big issues, such as hospital finance, organizational compliance and patient care.
Find out about IDENTI’s AI driven healthcare inventory management technology – the most advanced and efficient systems on the market.
Don’t let outdated technology hold you back. By tackling supply chain inefficiencies with data-driven solutions, you can save significant money and boost revenue.
Contact us today to learn more about how our modern inventory management technology can help your healthcare facility.
