Tuesday, September 07, 2010

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Remote High Value Inventory Management

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LogiTag's Smart Cabinet, designed specifically for remote high value item management especially for the Healthcare industry – primarily in operating theatres, radiology, and cardiology departments – is a comprehensive solution for the automatic real-time inventory tracking and control of high-cost and sensitive medication and equipment Remote control systems of high-value items are becoming one of the main factors in efficiency management.

Remote control of high-value items is divided into two main categories: asset management and high-value inventory. Each category reflects different needs and characteristics, with a cost-effective solution required for each.

Modern multi-site organizations are constantly seeking the right combination of high cross organization visibility, product quality, optimal control of production processes, and production cost savings.

Due to the decentralized nature of this practice, it is difficult to track where certain items are and how many are actually in stock. Operational staff fined themselves spending far too much time visually checking inventory and manually recording items. There is a tendency to overstock, so as not to be caught without enough of the appropriate device. Expensive items may be misplaced and not used before the expiry date.

The bottom line is that organizations are wasting valuable staff time, increasing expenses due to overstocking expensive items, and losing revenues.

Multi-site organizations need to replace existing labour-intensive systems with an end-to-end, automated inventory system that improves supply chain efficiencies and overall productivity within the organization’s operation departments. An optimal solution would include the following capabilities:

  • An automatic ongoing management procedure for indicating/updating/mapping the physical location of each high-value item
  • A simple tool allowing swift tracing of each item on the premises
  • An automatic, seamless process for recording new items, cataloguing existing items, and removing old or outdated items
  • Accurate, real-time feedback of the location, inventory status, and free storage space
  • Automatic, online alarms/indicators for physical removal/location change of a specific item
  • Complete integration with the organization’s information system and database

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