The constant and rapid movement of inventory in the medical device industry wreaks havoc on manual, paper- and spreadsheet-based systems. Inventory visibility gaps result in missed orders or excessive safety stock. But with a holistic, real-time view of inventory across all points powered by mobile apps, medical device companies are capable of boosting productivity, maintaining compliance, optimizing inventory, and generating additional revenue.
To achieve an optimized supply chain, many factors have to come together to reach the inventory “perfect storm” and achieve organizational efficiency. One of the most important factors is inventory accuracy, or the ability to know exactly where inventory is at all times, whether it’s in the warehouse, in the field or at remote locations.
“End-to-end” is a hot term now in the inventory management industry. But what is it, and why is it so important?
I started this series based on a paraphrase from the movie “Bull Durham.” In one scene, the coach told his players they were making the game of baseball too complicated. He said, “You throw the ball, you catch the ball and you hit the ball,” encouraging them to get back to basics.