Hospital staff doesn’t always know what they need until they need it. Each surgery is unique and often surgeons don’t know, for example, what size implant they will need for the surgery until it’s in progress. However, this leads to hospitals paying a lot for inventory they may never use, especially when it comes to slow moving inventory that will eventually expire. Manufacturers want to be able to offer a solution in the form of consignment inventory, but lack of visibility leads to new problems in this space. Typically consignment inventory has been tracked manually, causing conflict between hospitals and vendors for disputes in inventory that can’t be accounted for.
Building strong relationships with hospitals and being able to provide them the level of service they require is possible. There’s a way to gain control of inventory and automatically track high-value products while consigning them.
RAIN RFID devices and software from Terso Solutions allows you to have real-time visibility of all inventory across multiple locations. This allows you to take the burden off of the hospitals and yourself to try and manually track thousands of high-value products at any given time. You will give your customers the flexibility to use inventory when they need it and you will be able to see what products they use more of, thus being able to optimize their stock levels and reduce waste.
RAIN RFID powered by Terso will allow you to:
- Increase revenue
- Simplify any management tasks performed by customers
- Automatically identify when inventories get low and ship out new products accordingly
- Create a built-in audit trail for all parties involved
- Limit asset damage and loss through greater transparency into inventories
- Optimize inventory in the field
Automation of consignment inventory is achievable through RAIN RFID (radio frequency identification) technology powered by Terso Solutions. This powerful, yet approachable technology is able to transmit data through radio waves and then send that data to an inventory management software. Simply put, it allows a person to access an RFID enclosure, such as a cabinet, take a product out, close the door, and you will instantly know who took the product and when. It’s that easy.
How does Terso help me make the switch to RFID?
Our RAIN RFID devices allow you to easily track who took what product and when. The devices communicate to our open-API software, Jetstream and then that data is transmitted to your inventory management software. This gives you full visibility to what products are being used the most and helps you optimize inventory levels for your customers.
Integration into your inventory management software is easy with Jetstream, our open-API, cloud based platform. It securely transfers encrypted data from the device to your software so you can know now. Don’t have your own inventory management software? You’re in luck. We have the perfect software solution for you.
Our software and devices are cutting-edge and easy to integrate, but what really makes us unique is our support team. We are proud of the relationships we build with our partners and we take it seriously.
The perfect device to help manage consigned inventory exists. Browse our suite of devices to determine the best fit for you. Locate devices by industry, use case, and region. Whatever you choose, you know it will be powered by Terso Solutions.