Why is inventory control essential?
A streamlined inventory management system is more productive than a straightforward Excel spreadsheet. Healthcare facilities can save time, money, and effort by using an effective management process. Streamlining inventory management is one approach to lower expenses for medical facilities, which are under pressure to do so.
What kind of inventory is needed in the healthcare system?
Healthcare facilities must maintain records of a variety of goods, including:
- medical equipment
- medical supplies
- prescriptions for patients
- Products for wellness and health
What advantages does inventory control provide in hospital management:
- Forecast demand for medications.
- Easily track the expiry date.
- Track items travel in real-time.
- Receive notifications on supplies to re-order.
- Prevent loss and shortages.
- Cut costs
What typical challenges does hospital inventory management face?
- Out of supplies for medications and surgical equipment
- Stuffing the storage facilities and overstocking supplies
- Choosing locations and storage facilities for specific medications
- Producing reports for departments on stocks and sales
- Expiration date disposal of medicines in storage
To simplify their inventory management, hospitals could opt for automated solution packages. With inventory software, all stock items are tagged as soon as they are acquired. Throughout its existence, these tags aid in inventory tracking.
What are the impacts of technology adoption?
- Higher efficiency: Streamline the distribution and management of medical supplies.
- Quality operations: allows for continuous inventory time tracking, ability to handle the problems of remote and hybrid work
- Edge in the market: facilitated the application of new or enhanced inventory replenishment techniques
- Lower expenses: Improve billing accuracy; technology reduces costs associated with maintenance and utilities.
What facilities are provided by the Fit plush inventory software for the healthcare industry?
Fit plush inventory software is a one-stop inventory management solution that includes software to track products and hardware to update stock levels as work progresses.
It can :
- Reduce the use of manual processes, waste, and rework.
- Take control of medical inventory management and reduce manual processes to focus on expanding the business/work.
- Reduce wasteful expenditure by keeping track of inventory levels, receiving stock alerts, efficiently managing budgets, and being compliant.
What are the features of the Fit plush inventory management software?
- Stocks search: Stock information (ID, price, recommended dosage, adverse effects, etc.) supervision.
- Place stocks: Stock supply information (ID, price, intended use description, etc.) management.
- Request stocks: Add or import stocks. Capture initial quantity and details of suppliers.
- Stocks to dispense: Store managers can dispense supplies requested.
- Control of stock orders: Store managers can track pending and dispensed orders.
- Share reports: Shared stock supply reports and audits.
- Alerts for stocks: Get a notification for supplies remaining and stock movements.
- Billing and multi-payments: Medication distribution control and checking the billing and payments
Additional features of Fit plush inventory management software:
Intelligent inventory management using AI:
- To keep your stock levels current, get an overview of your inventory.
- Make inventory modifications based on changes in demand and stock availability.
Smart Inventory Planning and Forecasting Powered by AI:
- Maintain accuracy in your inventory to serve your customers.
- Fit Plush’s inventory projections, aging, and order reports suggest reducing product waste, inventory holding costs, and storage expenses.
Access to extensive reporting and analytics:
- To prevent inventory from aging, employ thorough reporting analytics
- Maintain constant track of inventories with Fit plush inventory management.
- Different colour codes are provided for inventories in stock or empty.
- Also, the expiry dates of inventories are notified through the colour code.
Doctors deal with various emergencies daily, many of which require expensive medications. These have an expiration date and must be cycled out to meet medical standards.
Hospitals need a robust system due to the frequent influx of patients to obtain replacements on time. This is helpful for expensive products that must be ordered months in advance and high-volume items that require continuous refilling.
The inventory management software utilised by Fit plush clinic includes customised medicine lists widely used in hospitals. The customised medicine list may include up to 20 medications, depending on the requirements of the hospitals.
A reliable inventory management system is necessary to guarantee the timely availability of essential supplies in the demanding healthcare industry, where emergencies occur frequently. Fit Plush offers a complete solution that enables healthcare professionals to overcome the obstacles they encounter regularly.