Consignment inventory is a hot topic among healthcare professionals because it is highly desired by hospitals but hard to implement by manufacturers. This is due to the sheer quantity of inventory across thousands of locations and the lack of visibility of that inventory. With RAIN RFID you can provide consignment inventory in a controlled manner, giving you peace of mind and a value-added service.

We understand the difficulties with consignment inventory. Trying to assess every hospital’s unique needs and provide them the best service is difficult when you are trying to track inventory that you don’t have eyes on. Lack of visibility leads to new problems within this space and while consignment inventory is usually tracked manually, this manual process can lead to many problems between the hospital and manufacturers. Not only is visibility possible with consignment inventory, optimization of this inventory and improved processes is here with UHF RFID. This leads to you building strong relationships with hospitals and being able to provide them the level of service they require. Gain control of inventory and automatically track high-value products while consigning them.

Put away the pencil and knownow.

When it comes to trunk stock, there is pressure from all sides to keep costs down and to keep products accounted for, all while being able to fulfill inventory requests from hospitals on a dime. It’s hard enough trying to track items within a building, so it’s no wonder trying to pinpoint a product’s location as it’s on the road seems nearly impossible. Products that are used don’t always get processed until days, weeks, or even months later, leaving you with a huge gap in visibility and the inability to invoice customers for those past transactions.

With RAIN RFID technology, trunk stock inventory management is not only possible, it is simple, secure, and efficient.

Medical device manufacturers face a large challenge when it comes to having complete visibility of their inventory. Trunk stock, in particular, poses many risks because these medical devices are costly and tracking them manually can result in the loss of products. Not to mention, sales reps who are transporting them are in charge of managing their own stock, which leads to less time to focus on sales and the needs of their customers.

This burden of trying to juggle tracking inventory and optimizing the supply chain, while also trying to maintain good working relationships with hospital staff is one that needs to be re-evaluated. On top of all of this, field reps need to ensure product integrity. Many inventory items require controlled temperatures or have compliance requirements, thus putting even more pressure on sales reps and medical device manufacturers.