Blog Post:

Are You Maximizing Your Inventory Data Potential?

Mar 14, 2019

  • Do you view your Physical Inventory requirements as a burden to be performed?   
  • Is your PI simply an accounting requirement with little benefit to daily operations?   
  • Is your PI just an annoyance that takes your staff away from their primary task devoted to patient care?   

If you answered Yes to one or more of these questions, know that you are not alone.  The vast majority of our nation’s hospitals feel the same way as you do.  However, the sad truth is that they are also missing out on the tremendous information and potential an accurate and detailed PI can provide.  For example: 

  • Do you know how much excess stock you are purchasing? 
  • Do you know the exact locations of all of your supplies? 
  • Do you know how your stock levels compare to regional and national averages? 
  • Do you know how your actual inventory levels compare to established Par levels?
  • Is your cycle counting program working for you?
  • Is your MMIS providing you with actionable data to improve your operating costs?
  • Are your Consignment Contracts monitored and updated on a regular basis? 

If you answered No to any of these questions, it’s time to contact DSC so that we can work with you to help solve these problems.  Consider that 35%-40% of your facilities’ costs are tied up in the purchasing and management of your inventory. The potential for major improvements in your Supply Chain will be found in the information we can provide to you.  

Contact us today for a free consultation on how you can benefit from a professional and accurate physical inventory.

Clinical Inventory
Physical Data Capture of Inventory Supplies

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Perpetual System Inventory Updating

DSC will perform a real time inventory count of perpetual supply areas while transactions are frozen. Once the counts are audited and verified, they are posted in the system.

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Cycle Count Program

Cycle Counts may be performed on any number of product types such as consignment, perpetual, implants.

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Pharmacy Inventory Services

Custom designed to your specific accounting requirements.

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Laboratory Data Capture & Inventory

We will conduct a physical count of your laboratory supplies using proper Units of Measure based on item master criteria.

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Comparative Analysis

Detailed report showing changes over time so that you can evaluate progress.

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Consignment Verification Program

We will schedule meetings with the manufacturer representatives and vendors of the consignment products to collect, review, and update contracts. When completed, DSC will conduct the initial consignment inventory.

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Surgical Tray Audits

Surgical trays are normally included in a standard physical inventory, however, this can be offered as a stand-alone service.

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Pre-Inventory Training

DSC can train your department heads so that all departments are conducting inventory operations consistently and in compliance with corporate directives.

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Special Projects

DSC can provide fully credentialed on-site resources for support of special and/or short-term needs.

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Based on observation during an inventory and/or assessment, DSC can help identify which items are counted or not counted at specific locations.

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