Inventory Management has a vital role in the Healthcare Industry, especially when people’s lives are at stake. The Inventory Management Software lets you know the detail information on medicines batches & stock. It is also very useful in maintaining the doctor’s equipment.
Overall, it takes care of your inventory, purchases, sales orders, payments, etc. It protects your company from potential damage. Inventory management is important for every business type whether a medical company or any medical store.
RPA can help here – Bots (software programs) can track Inventory databases to check the maintenance requirements to communicate with vendors and schedule them accordingly. Monitoring activities can be scheduled periodically so that Bots can pick it up without any triggers.
What are the advantages of Inventory Management System?
Other than above-mentioned points. It provides several advantages
- Asset Tagging for Check in check out process – To expand the effectiveness of Inventory Management System you should utilize asset tagging. As a professional practice do not utilize the serial numbers as they may be have used before hence it can be a duplicate serial number and can lead to error. Tagging equipment is essential in order to track usage.
- Efficient Stock management – As we have mentioned earlier, you can well manage all your pharmaceutical with the software. It also informs you about the expiry date of medicines and when will be stock exhaust or is it overstock. Overall, the software also enables you to track easily the current stock of medicines.
- Use analytics to make effective decisions – The inventory management systems gather the information that transforms into analytics, which enables you to use inventory efficiently. You can make better decisions to estimate demands more precisely.
- Real-time tracking – The software provides you real-time tracking which means the inventory is updated all the time. You will always have exact accurate inventory counts. You can also track inventory orders and automatic re-order when stock is less. If the product doesn’t reach its destination you will receive notification for it.
IntelliBuddies® role in Healthcare: Can work with the existing infrastructure, seamlessly bring data from the legacy systems and provide better analytics. To support hospital staffs in managing the inventory of these essential supplies, create the business processes for asset tagging for check-in and check-out process, efficient stock management, analytics to make effective decisions, and real-time tracking.
The processes for the inventory management are built in the Process Designer, by creating activities which enables you to interact with required systems (interact with web browsers, desktop applications, PDFs, images, databases, emails, spreadsheets, web services and many more) during the process workflow. Sequences are the basic building blocks in defining the process. Once the sequence is built and works fine, it can be reused in other processes where you require the same functionality.