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Have you ever received a call that a critical surgery is delayed or was missed because the orthopedic implant or instrument set couldn’t be located in time? For medical device companies with field reps nationwide, inventory that moves out of the warehouse is a major blind spot. This lack of visibility into orthopedic implants and sets leads to missed cases, lost revenue, expirations, and bloated carrying costs.
You already know that better data = better decisions in almost any function—and any industry. But not all data is created equal. Eliminating data lag and ensuring access to high-quality data can boost your business in more ways than you think, especially in a fiercely competitive industry such as the orthopedic medical device industry. Let’s take a closer look.
In an industry as competitive as orthopedic medical device manufacturing, you need every advantage to grow market share and profitability. Without true visibility into your field inventory, it’s very hard to digitally connect your full supply chain—especially considering traditional business operations have always focused on operating from the inside and extending out. What’s missing? The ability to bring the outside in, meaning visibility of inventory movements and sales operations that occur within the last mile of your supply chain. Here’s a closer look at why—and how.
New year, fresh start. As we head into 2022, is it time to enable better visibility into your medical device inventory? It’s a noble goal, because inventory visibility can benefit the whole team, from your field reps to your sales leadership and finance staff. But creating visibility can be difficult without the right tools. Here’s why it matters and what you need to know to get started.
Is your supply chain network fully connected?
Do you have inventory that needs to be shipped? How important is shipping a product for a business to be successful? What about the ability to ship from anywhere in the field?
Do you need a mobile app to easily create and send sales orders for cases? Do you need a mobile app to locate available field inventory right now?
How do you know when it’s time to update your inventory management process?
Integration (noun): what happens when separate people, processes, or things are brought together into a whole.
Does this story sound familiar?