Excess Medical Device Inventory

Medical Device Inventory Management: 7 Critical Best Practices

https://www.rootstock.com/cloud-erp-blog/7-best-practices-medical-device-inventory-management/

Optimizing to minimize excess inventory without risking stockouts is the balancing act. Simply cutting inventory isn’t a viable approach. To win, says KPMG, medical device manufacturers must shift from a focus on pure costs to optimizing around …

Optimizing Inventory Management for Medical Devices

https://www.medtechintelligence.com/news_article/optimizing-inventory-management-for-medical-devices/

The existing consigned model of medical device sales has resulted in expensive excess inventory. This is a major detriment to the …

Inventory Control: What’s Next For Medical Device ... - LeanDNA

https://www.leandna.com/blog/the-inventory-control-hurdle-whats-next-for-medical-device-manufacturers/

Unpredictable demand causes excess inventory levels to balloon, tying up working capital. Many medical device manufacturers hold an overage of 150 days of inventory (DOI) on …

A better way to manage medical device inventory

https://www.medtechdive.com/spons/a-better-way-to-manage-medical-device-inventory/574869/

What to do With All This Excess Medical Equipment - Agiliti

https://www.agilitihealth.com/blog/unforeseen-impact-what-to-do-with-all-this-medical-equipment

Few organizations have dedicated, onsite logistics processes and resources focused on medical equipment. As a result, there is often a snowballing effect that drives up costs …

How to Reduce Excess and Obsolete Inventory

https://demanddriventech.com/blog/how-to-reduce-excess-and-obsolete-inventory/

As an example, for a medical device company I worked for, each year about 1% of the turnover was spent on E&O accruals. In addition to the loss recorded in the accounts when a reserve is established, carrying excess …

Medical Device Disposition for Surplus and Retiring Devices

https://www.trimedx.com/clinical-asset-management/disposition

Realize operational expense savings: Remove excess devices from clinical asset inventory to reduce clinical engineering bill and overall operating expenses.; Maximize asset value: Get the best possible cash return for …

How to Conduct an Inventory of Your Medical Devices

https://fortifiedhealthsecurity.com/blog/how-to-conduct-an-inventory-of-your-medical-devices-to-plan-for-confident-cybersecurity/

The cutting-edge innovation used in medical devices has made a significant and positive impact on the course of treatment for patients with a diverse range of medical conditions. However, the …

What is Excess Inventory and How Can it be Managed?

https://www.inturn.com/post/what-is-excess-inventory/

1. Excess inventory ties up cash flow. A company acquires inventory for the purpose of reselling the merchandise at a profit turning that inventory into cash that can be used to …

Excess Medical Device Inventory | Day of Difference

https://dayofdifference.org.au/e-medical/excess-medical-device-inventory.html

As Sellers, MDL Medical members can list excess medical device inventory for sale to other MDL Medical members and recover the highest achievable value for their unused, …