Inventory Management
Optimize Inventory to Operate without Overstocking or Stockouts
IdeaRX effectively tracks inventory & reduces the opportunity for loss and theft. We help hospitals operate at optimal inventory through intelligent algorithms and instant alerts to facilitate proactive decision making. We leverage your purchase history, analyze buying patterns, establish reorder levels and minimum balance quantities for each item based on various algorithms and devise a fool-proof inventory control mechanism.
It is fact that hospitals tend to overstock by 100%. This is a more convenient approach by the staff as well as the management to avoid bounces or stockouts of critical items. But the impact of overstocking could be dangerous and is often unnoticed. Pilferages, Losses, Damages, Expiry, Non-Movement are all results of unplanned inventory. If curtailed during order processing, these can be negligible or even eliminated.