Inventory Optimization

Define optimum inventory levels for each item/location and avoid excesses and shortages.

Effective inventory management grows increasingly critical for hospitals striving to increase operating margins and streamline performance. Managing inventory with the wrong tools can force hospitals to work only on the “big picture,” overlooking granular problems that add up to create real damage to the operation. 

Supplymind’s technology calculates the optimum inventory for each combination of item/location. It gives you visibility and control — from top-level aggregated views to the lowest levels of granularity — to help you keep track of performance at all levels. Combining actual/forecasted demand and inventory vs. service level trade-offs, our solution gets the right item to the right place, in the right quantity, and at the right time.

Key Features:

  • Inventory optimization for each item/location.

  • Continuous recalculation of safety stock/par levels to adapt to changes.

  • Trade-off analysis between under and overstocks.

  • User notification of issues and prioritization of activities.