Inventory Management

Challenges in healthcare provider sector regarding inventory management:

• New technologies
• Product changes
• Physician preferences
• Practice changes
• New clinicians (including doctors and nurses)
• Shortage of storage space
• Hedge buying
• GPO contract changes

HCSB can help hospitals in the following ways:

1. Ensure that your inventory operation is optimized including:
   • Managing the inventory
   • Point of use
   • Inventory accuracy
   • Cycle counts
   • Periodic physical counts
2. Planning and replenishing concepts
3. Safety stock
4. Setting correct stock levels
5. Demand systems - Order cycles and lead times
6. Forecasting demand and tools/techniques to use
7. The ordering process:
   • Standardization
   • Inventory performance
   • Turn-over rate
   • Service level
8. Maximize the utilization of your inventory IT system
9. Gain control of your consignment inventories to limit your exposure to financial liability
10. Analyze your current stock to establish the possibility of reduction

Contact us to discuss your current inventory operation to determine if there are opportunities for improvement.

back to services