Infor Inventory Intelligence for Healthcare

Transcription

1 Healthcare Infor Inventory Intelligence for Healthcare Optimize your inventory levels In today's healthcare industry, you must always have the inventory you need when you need it. At the same time, in our increasingly cost-conscious healthcare environment, your hospital must be able to increase its profitability by maintaining optimized inventory levels. To keep your costs under control, you need inventory recommendations based on the many different needs of all of your hospital s floors, care units, and patients. In short, you need easily consumable, actionable insights into all of your inventory levels. Anticipate problems and respond with solutions The next generation of enterprise software will be able to anticipate problems and respond with data-driven solutions. From driving strategies in all areas of business, to asset management and pricing you have to be ready. For healthcare organizations, this means using scientificbased recommendations to maintain optimized stock levels, so you can free up your resources for critical hospital needs. It means balancing inventory levels within the healthcare supply chain, so you can keep service levels high, while minimizing total supply chain costs. And it means taking advantage of your storage space so you always have items with a critical need, instead of overstocking items with low turnover. Success will depend on having the right combination of enterprise software and science to optimize your inventory levels and Infor Inventory Intelligence for Healthcare from Infor Dynamic Science Labs (IDSL) can help you do it. With Infor Inventory Intelligence for Healthcare, you can use science-based recommendations so your inventory is ready for anything.

2 Infor Dynamic Science Labs: Focus on the future Infor Dynamic Science Labs is a group of scientists, mathematicians, economists, and engineers, driving the next generation of enterprise software. Our goal is to create software that is smart, self-learning, and focused on the future. We work with customers and product managers to identify industry-wide challenges and then solve them using elegant but understandable scientific methods. The team behind the science Infor Dynamic Science Labs is based in an epicenter of innovation: Kendall Square in Cambridge, Massachusetts. Led by Dr. Ziad Nejmeldeen, a software veteran with a PhD from the Massachusetts Institute of Technology, our backgrounds range from astrophysics to chemistry, econometrics to operations research. We come to IDSL with experience in predictive analytics, mathematical modeling, optimization, forecasting, and more. These scientific techniques can be applied across all industries while also specialized for a particular industry. Our focus is on helping you identify opportunities, and then we create and validate solutions that will make decision-making smarter for your organization. Infor Inventory Intelligence for Healthcare Brochure 2

3 Keep pace with the increasing complexity of data Data is all around us in the web we surf, the phones we carry, the machines we operate, and the cars we drive. Of all the world s data, 90% has been created in just the past two years. Every year from now, that data is going to double. And it s not just an increase in volume, but also a change in data types like multimedia data or generally unstructured data. A whole lot of data today is going to be a whole lot more and more complex data tomorrow. Turn Big Data into a big competitive advantage Hospitals are at a tipping point. Perhaps you ve embraced the promise of Big Data. Maybe you ve already invested in capturing the information. Whether it s Big Data or just more complex data, what can you actually do with it? What does it mean? What can you learn from it? How can it help you improve how you deliver care? To make your investment in Big Data pay off, you need to harness your data in an intelligent way so you can use it as a basis for making better, faster decisions and even self-learning decisions that can inform future actions. As part of Infor CloudSuite subscriptions, Infor Dynamic Science Labs builds machine learning and predictive analytics into Infor applications so that healthcare organizations like yours can turn Big Data into a big competitive advantage. Infor Inventory Intelligence for Healthcare Brochure 3

4 Control costs and deliver high-levels of care Delivering high-levels of patient care means always having the right inventory in the right location. Infor Inventory Intelligence for Healthcare gives healthcare organizations like yours the data and tools you need to use science-driven replenishment parameters. That way you ensure that your supply levels are always where they need to be. Optimize your inventory needs Infor Inventory Intelligence for Healthcare incorporates algorithms that leverage your order and transaction history to actively and intelligently maintain the stock in your stockrooms. Healthcare organizations like yours will minimize stockouts and have needed items on hand, while increasing your bottom-line savings by reducing overstocked items. Patient care is at the center of the hospital, care team, and supply chain's goals. When you don t have the supplies you need, not only are you making it difficult for your clinicians and other supply chain professionals to do their jobs, but you re putting patient care at risk. To prevent this, Infor Inventory Intelligence for Healthcare can help you to anticipate stock outs, thereby helping you to avoid unnecessary patient risks. Better inventory control also means more cost savings. Infor Inventory Intelligence for Healthcare can help you to reduce overstocking, which often leads to an increase in carrying costs, as well as increased risk of loss, damages, and expiration. Not to mention wasting excess storage space on non-critical inventory. Hospitals tend to overstock, so this kind of data-driven inventory optimization can mean reduced inventory holdings and lower on-hand units. When you are under-stocked, however, Infor Inventory Intelligence for Healthcare will increase your inventory to reduce stock outs, thus leading to a higher average of on-hand units but fewer stock outs. With Infor Inventory Intelligence for Healthcare, you can routinely update your parameters, which means your inventory levels are adjusted over time in response to recent changes in data and new trends. Additionally, Infor Inventory Intelligence for Healthcare incorporates rules in order to ensure these changes will make sense to your inventory coordinators without disrupting your caregivers. Infor Inventory Intelligence for Healthcare Brochure 4

5 Make your data work harder With Infor Inventory Intelligence for Healthcare from Infor Dynamic Science Labs you can go beyond collecting, reporting, and distributing information about your inventory levels and needs to anticipating problems and responding with solutions. Infor Inventory Intelligence for Healthcare gives you the tools you need to optimize your hospital s inventory and make your data work harder. Share this : Copyright 2016 Infor. All rights reserved. The word and design marks set forth herein are trademarks and/or registered trademarks of Infor and/or related affiliates and subsidiaries. All other trademarks listed herein are the property of their respective owners Avenue of the Americas, New York, NY INF en-US