When faced with a medical emergency, the last thing on your mind should be the supply chain. However, when it comes to medical devices and healthcare, problems in the supply chain could mean the difference between life and death.
Medical devices change and evolve at an alarming rate. As technologies advance, new devices are created to manage and treat a number of conditions. Add the amount of new products being introduced to increasingly high demand and the fact that the medical device industry faces the toughest regulatory, liability, and product-tracking requirements in the world, and you’ll quickly understand the important of reliable consignment inventory management.
Just like other manufacturing businesses, those responsible for the creation of medical devices face an extremely complex supply chain. Medical device manufacturers must manage large amounts of several different types of inventory.
Tracking Consignment Inventory Is Difficult
Traditional in-house supply chain management is no longer enough to accurately track inventory. Medical device manufacturers and distributors require a complete consignment inventory management solution that increases visibility and allows for accurate, reliable tracking of a wide range of assets.
Most medical device makers rely on a traditional bar coding system to track and monitor consignment inventory. Unfortunately, this method can be unreliable and time consuming for employees already burdened with many other responsibilities. Devices frequently go missing. This can have a significant impact on the manufacturer’s bottom line and reputation. Loss of reputation can lead to loss of business, further impacting bottom line.
Newer Technologies Enable Increased Visibility of the Supply Chain
Newer solutions make it possible to automate inventory management, saving time and eliminating the chance of human error. These solutions use inexpensive RFID tags to track each device as it travels through the facility.
It’s important to note that not all RFID solutions are created equal. It’s crucial that medical device manufacturers learn all they can before selecting a solution provider to work with.
Our Solution
Mint Controls is able to provide a comprehensive medical consignment inventory management solution. Our solution includes everything needed to accurately track a wide range of assets. The information collected by the system can be viewed at any time, from any location in the world. All that is needed is a smart phone, tablet, or computer. The information provided is displayed in an easy to read and understand format. This makes it possible for users across a wide range of skillsets to use the system, regardless of their prior knowledge or experience with similar technologies.
Our solution uses cost-effective RFID tags. These tags are encoded with valuable information about each individual asset. The tag is a simple sticker or label that is printed by a special RFID printer. These labels are applied quickly and easily to every part or device that enters the facility.
RFID readers are discreetly installed throughout the facility. These readers automatically track and record when each device moves from one area of the building to the next. Devices and parts are tracked throughout production and in storage. Our solution can even be used to track devices as they are transported to the hospital or medical facility, all the way to the point at which they are given to the end user or patient.
No other solution provider offers a more comprehensive medical consignment management solution. Our solution provides complete visibility and ensures that the right device makes it to the right person, at the right time. This increases customer trust and ensures that patients get the devices they need, when they need them.
Please contact us for more information about this solution.