Optimizing the Supply Chain of Medical Devices A Shared SaaS Platform for Suppliers and Providers



Similar documents
Enterprise Visibility Solutions

Supply chain visibility. Improving Operating Efficiency and Care through Technology

White Paper: RFID s Role in Tracking Medical Assets

White Paper: 5 Cost Savings Achieved when Lowering Inventory Levels EazyStock, a division of Syncron.

Medical Device Supply Chain Council Jerry Brown Tornier Inc.

EMBEDDED RFID FOR MEDICAL DEVICES

White Paper 10 barriers to effective inventory management

Best Practices in Medical Supply Inventory Count Processes

TECHNOLOGY BRIEF. Business Benefits from Radio Frequency Identification (RFID)

NeWave Sensor Solutions Smart Inventory Management System (SIMS)

FULFILLING EXPECTATIONS: THE HEART OF OMNICHANNEL RETAILING

How To Use Radio Frequency Identification (Rfid) Effectively

Revolutionising the health supply chain. Megan Main Chief Executive Health Purchasing Victoria

MERCHANDISE VISIBILITY SOLUTION. Helping retailers reduce out-of-stocks, reduce on-hand inventory and increase sales

Best Practices for Managing Seasonal Items Vermont Information Processing, Inc.

The Business Case for Investing in Retail Data Analytics

Real-time Visibility. RFID-enabled Applications for Asset Tracking. Deployment Guide. Delivering Real-Time Visibility to the Enterprise

Field Service in the Cloud: Solving the 5 Biggest Challenges of Field Service Delivery

Overcome inventory management challenges with our comprehensive suite of solutions

Helping Clinicians Get Out of the Supply Room and Back to Their Patients. How Medical West Hospital transformed its supply chain

MANAGEMENT SUMMARY INTRODUCTION KEY MESSAGES. Written by: Michael Azoff. Published June 2015, Ovum

RedPrairie > Retail > White Paper. The Bottom Line Benefits of Workforce Management in Retail Distribution

SCALING UP RFID FOR RETAIL CHAINS

Why Has the Development in RFID Technology Made Asset Management More Urgent?

TRANSFORMING SAFETY, SECURITY AND OPERATIONAL EFFICIENCY

How to Cheat and Make Better Decisions with Predictive Analytics. Track 1 Session 3

IBM Solution for Pharmaceutical Track & Trace

Lean Healthcare Solutions. StockBox, Smart Cabinet & LogiTrack

Converged, Real-time Analytics Enabling Faster Decision Making and New Business Opportunities

NP Collection Benefits RFID in Logistics and Stores. Markus Rosendahl, CEO of Senso Global

Real-time asset location visibility improves operational efficiencies

WHITE PAPER Will Your Legacy ERP System Define Your Legacy? Making the Switch Can Help Secure Your Business and Your Reputation

Omnichannel Inventory Optimization: Where Are My Products?

Managed Smart Pallet Services: Improving Supply Chain Efficiency While Driving Down Costs

The Training Material on Supply Chain Collaboration & Logistics Solutions has been produced under Project Sustainable Human Resource Development in

Transformational Benefits of the Cloud. Information & Communication technology October 2013

Gaining Control of Your Hospital s Fastest Growing Operating Expense. A GHX White Paper for Healthcare Executives

Transportation Management

Supply Chain Management

Healthcare. Supply Chain Solutions

Leveraging your inventory assets

IBM RFID for Supply Chain and Logistics: Reusable Asset Tracking solution

SOURCE ID RFID Technologies and Data Capture Solutions

The Impact of Auto ID DC Technologies on Inventory Management

Reduce Consumption Reduce Inventory Costs Automated Reporting 24/7 Accountability & Traceability. Inventory Management Systems

Loss Prevention Data Mining Using big data, predictive and prescriptive analytics to enpower loss prevention

Typical System Architecture YOU CAN T MANAGE WHAT YOU CAN T MEASURE

Oracle Retail. AAFES Retail Management System

Chapter 24 Stock Handling and Inventory Control. Section 24.1 The Stock Handling Process Section 24.2 Inventory Control

Vendor Managed Inventory Strategies

What is Internet of Things?

RFID: The Solution to Automating IT & Data Center Asset Management

Enterprise Application Enablement for the Internet of Things

RESEARCH NOTE THE ENTERPRISE CASE FOR TELECOM EXPENSE MANAGEMENT THE BOTTOM LINE THE SITUATION. January Document N3

A REVOLUTIONARY TOOL FOR BOARD MANUFACTURING INDUSTRY

Generating analytics impact for a leading aircraft component manufacturer

Four distribution strategies for extending ERP to boost business performance

Four Best Practices To Improve Quality In The Supply Chain. Lower your supply chain risks and cost of quality

Real-time Visibility for SAP in Supply Chain & Logistics:

MWPVL. Leadership in Supply Chain and Logistics Consulting. Options to Improve Productivity at a Parts Distribution Center

Inventory Management 101: Time to revisit the principles

Product Lifecycle Management in the Medical Device Industry. An Oracle White Paper Updated January 2008

Clinical Supply Chain Management Optimization

Consulting Storage Software Services Training. Introduction

The Cloud: A Force Multiplier for Your Business. Andy Brisley Vice President Solution Engineering

Storage & Inventory Control

EXPERTISE FOR WHERE YOU RE HEADED

An Examination of the 2008 Healthcare Executive Survey On Supply Chain Management

Big Data Analytics and its Impact on Supply Chain Management

Logical steps to logistics optimization. Preparing for smart metering mass deployment

8 Tips for Winning the IT Asset Management Challenge START

Software Industry KPIs that Matter

RESEARCH NOTE NETSUITE S IMPACT ON E-COMMERCE COMPANIES

RFID System Description for Logistics & Inventory

Cloud, Simple Practical Applications On industrial automation, process control and distributed real-time systems

Cloud RFID UHF Gen 2

Transcription:

MIT/SDM Systems Thinking Webinar Optimizing the Supply Chain of Medical Devices A Shared SaaS Platform for Suppliers and Providers Jean-Claude Saghbini September 19, 2011

Outline Background The PPI Supply Chain The WaveMark System Analysis of the Hospital Inventory Subsystems Wrap-up

About WaveMark - Background Founded in 2003 Vision Improve the quality of patient care by optimizing the quality and efficiency of the healthcare supply chain and clinical workflow Mission Deliver innovative solutions to improve patient safety, regulatory compliance, and reduce costs by providing workflow optimization and supply chain visibility for the healthcare industry and medical device suppliers Focus on Physician Preference Items (PPI)

Physician Preference Items (PPI) PPI are a category of medical devices Consumable high value devices $100 to $20,000 in cost Not commodity products Can influence the outcome of the treatment Around 40% of total hospital supplies expenses $80M is not unusual Mix of purchased and consigned products Examples: Pacemakers, Stents, Balloons, ICDs, Heart valves

Outline Background The PPI Supply Chain The WaveMark System Analysis of the Hospital Inventory Subsystems Wrap-up

Consumer Packaged Goods (CPG) Supply Chain Manufacturing Distribution Center Distributor Retailer s Distribution Center Retailer s Warehouse Retailer s Shelves Customer Physical Product Flow Information Flow Mature and very advanced supply chain Generally low margin products Point of Sale data Strong profit optimization Focused and dedicated supply chain resources

Medical Devices (PPI) Supply Chain Manufacturing Distribution Center Hospital Inventory Patient Physical Product Flow Sales Rep Trunk Stock Information Flow

Problems with PPI Supply Chain No medium for information to flow back from the hospital Highly inaccurate inventory and usage information Suppliers Hospitals Lack of visibility information on consumption is not available Labor intensive manual counts are needed Poor consignment management Overstocking and product unavailability Expirations and write-offs Missed charge capture and clinical documentation

Easy Fix? Reproduce CPG? The underlying dynamics for PPI are different Different drivers influence the supply chain - The primary objective is patient care What is needed is a holistic rethinking of the problem Right System Right Incentives Why now? A big push towards cutting costs out of healthcare A series of technologies are now available: RFID, Cloud Computing, and Mobility

Outline Background The PPI Supply Chain The WaveMark System Analysis of the Hospital Inventory Subsystems Wrap-up

The WaveMark Solution A Multi-Component approach The overall system: Provides full product lifecycle visibility: Point of Manufacture Point of Use Consists of SaaS software, on-premise software, and RFID hardware Components of the system address localized needs with standalone value this key for adoption

The WaveMark Solution High Level Components WaveMark Core (SaaS) (Visibility and Analytics layer) WaveMark DC (Manufacturing and DC) WaveMark Mobile (Field Mobility Transactions) WaveMark CIMS (Inventory and Usage) Manufacturing Distribution Center Hospital Inventory Patient Sales Rep Trunk Stock

The WaveMark Solution Detailed Components Analytical Layer Analytical Layer Visibility Layer Operational Layer Operational Layer WaveMark Core - A Shared SaaS Platform

Outline Background The PPI Supply Chain The WaveMark System Analysis of the Hospital Inventory Subsystems Wrap-up

The PPI Environment High value products Extensive product lines Low par levels and low turn for each SKU Product availability is critical to patient safety Rapid product expirations A mixture of consigned and purchased inventory Absent or error-prone perpetual inventory systems New product introductions are common Clinicians manage PPI (lack of dedicated staff)

A Picture is Worth a Thousand Words 130 Products, 80 SKUs This product is expired Out of stock This product is recalled

Problems Problems can be divided into three categories: Patient Safety Financial (hard dollars) Operational and Efficiency

Patient Safety Problems Using an expired product on a patient Using a recalled product on a patient Product unavailability Incorrect or incomplete clinical documentation

Financial Problems (hard dollars) Inventory overstocking Product write-offs from expiration and obsolescence Product loss and inventory shrinkage Missing charge capture Pricing disadvantage Suboptimal consignment management

Operational and Efficiency Problems Inefficient internal processes with expensive/scarce resources Time consuming/inaccurate inventory audits and counts Time consuming searches for recalled products Regulatory audits finding expired products in inventory Highly manual processes

Analyzing the Hospital Problem As a System A holistic view Identifying the relationships and interactions between the various components of the system We created a qualitative systems dynamics model to understand the problems of inventory management and usage capture

System Dynamics (Qualitative Model)

System Dynamics (Qualitative Model)

System Dynamics Negative Loops (Qualitative Model)

Focus on the Root Cause

So then what is wrong with inventory? Humans can t count! Inventory systems are transactional by nature You count what goes in You count what comes out All you know is that you re wrong. By how much?

In other words Current thinking implemented by transactional systems Inventory t1 Inventory t0 t0 t1 Transactions Our premise is that Inventory t1 Inventory t0 t0 t1 Transactions and systems need to be designed accordingly

WaveMark s Solution Using RFID RFID is an enabling technology for a new paradigm It starts with faster, more accurate, and orientation indifferent data capture that does not require line of sight This enables alternative paradigms and new systems thinking The system is built from the ground up using this technology - the focus is on exception management RFID is not used as merely an alternative data capture method

RFID Inventory RFID is used to read inventory as a primary read RFID smart cabinets are deployed in the hospital Power connectivity Network connectivity Cabinets read their inventory periodically (every 20 minutes) and report it to a central database Inventory is always 99.99% accurate

Products are Tagged and Registered

WaveMark RFID Cabinet HFx1500 Series Antennas built into shelves read RFID tags RFID tagged products CPU is stored in base of cabinet Cabinet requires Ethernet and power connectivity

Deployed WaveMark RFID Cabinets

RFID Transactions Record Usage RFID transactions complement the RFID inventory management Transactions handle product use and reverse logistics Transactions are performed on RFID POS Stations

The Resulting System A system that: Reads inventory accurately Allows the recording of transactions Alerts promptly on missing transactions and allows corrections The new equation Transactions Inventory t1 t0 t1 Transactions Alert and Correct in Real-time

Breaking the Feedback Mechanisms RFID Transactions & Alerts RFID Inventory System

New System Dynamics Emerge (Qualitative Model)

New System Dynamics Emerge (Qualitative Model)

New System Dynamics Emerge (Qualitative Model)

New System Dynamics Emerge (Qualitative Model)

The WaveMark Solution Detailed Components Analytical Layer Analytical Layer Visibility Layer Operational Layer Operational Layer WaveMark Core - A Shared SaaS Platform

Recap of the Solution PPI supply chain optimization through inventory and usage visibility: A SaaS platform for data sharing and process coordination between suppliers and hospitals Accurate inventory and usage capture - An RFID based inventory management system for hospitals Standalone-capable subsystems that add localized value Hospitals Supplier Manufacturing and DC Supplier Sales Reps

Outline Background The PPI Supply Chain The WaveMark System Analysis of the Hospital Inventory Subsystems Wrap-up

Next Session SaaS multi-tenancy Shared schema with selectively shared data SaaS+ A SaaS system with hardware components Complexities and Challenges Running a network of RFID nodes Regulatory requirements

Now, or later at saghbini@wavemark.net www.wavemark.net