UPS Eyes Field Inventory For Critical Medical Devices
June 8, 2018
patient care is critical, time is of the essence. That’s why UPS has
developed a new field inventory technology to help ensure that surgical
kits and implantable medical devices arrive where they need to be, when
they need to be there.
The integrated solution – a collaboration with WebOps, a medical device
logistics and analytics technology provider, and Baxter Planning, an
inventory planning and optimization solutions provider – helps medical
device manufacturers optimize their supply chain amid stricter standards
for patient safety. Specifically, the WebOps application enables precise
tracking of surgery schedules, physician preferences, inventory
availability and movement of surgical kits and implants. Surgeons and
hospitals, device and instrument manufacturers, and distributors can
also communicate about implant usage, product needs and consumption.
Baxter Planning's solution provides unified inventory planning for the
consigned inventory across hospitals and forward stocking locations to
simultaneously improve order fulfillment and productivity while helping
to reduce inventory and transportation costs.
The majority of medical device inventory lies outside a manufacturer’s
direct control, vacillating between field representatives and hospitals.
This limited visibility can result in redundant inventories within local
markets and increased inventory carry costs and can leave field sales
representatives managing logistics instead of supporting surgeons. With
increasing requirements in the industry, manufacturers need better
control over their field inventory.
UPS currently operates a network of both healthcare field stocking
locations and distribution centers serving manufacturers and
distributors of medical devices. The additional platforms provide
cloud-based capabilities to help optimize field inventory through
enhanced planning, visibility, streamlined logistics and focused
“final-mile” services. The integration of the platforms with UPS
warehouse and transportation systems creates a comprehensive inventory
workload planning and visibility tool.
resulting solution centralizes inventory for better control and
visibility and can help you to maintain product integrity, reduce
inventory, enhance sales force and customer service effectiveness, and
improve field resource and asset utilization. Manufacturers can achieve
20-50% reduction in inventory and 10-30% reduction in expedited order
requests. Also, UPS’s current U.S. network of healthcare compliant
facilities means that critical shipments can be delivered to 80% of
hospital beds and surgery centers within four hours.
“Medical device manufacturers require specialized services and solutions
to solve problems that help to improve patient care,” said David
O’Leary, vice president of operations, UPS global logistics and
distribution. “We are now leveraging these core strengths to bring
solutions to the implantable medical device industry that offer better
visibility and quality, reduced inventory and lower supply chain costs.”