Case Study

Inventory Management for a Large Medical Device/Supply Company

Inventory Management for a Large Medical Device/Supply Company

Pages 2 Pages

Large Medical Device/Supply Company Summary The healthcare industry is facing many challenges. It is estimated that drug costs are rising at 10 times the rate of inflation 1 , and that medication nonadherence is estimated to cost over $300 billion a year 2 . The ability to automate parts of the medication management infrastructure vastly reduces costs and allows for increased efficiency, for example an automated pharmacy. However the automation is only truly effective if it can reliably deliver the correct medications in the right dosage, and accurately manage inventory to avoid running out of stock. Using rich data insights and optimization recommendations powered by a cloud data platform, a large medical device/supply company is able to support clinical, ope

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