Overview:
Medical sales and fulfillment processes are becoming increasingly complex due to changes in healthcare procurement practices that push more of the inventory management onus on manufacturers and their agents. Today’s prevailing purchasing process requires medical manufacturers to consign or loan inventory to hospitals and invoice only on the consumption of that stock.
This process has significantly increased the burden on manufacturers as they are now responsible for:
- Counting inventory
- Reconciling consumption
- Minimizing shrinkage / stock-outs
- Billing expediently / accurately
These are especially difficult tasks because they occur at remote customer sites where there is little or no access to IT-enabled automation. The manual nature of these tasks creates significant business problems:
- Sales spends more time counting / less time selling
- Operations lacks accurate data causing over- / under-stocks
- Finance lacks timely, accurate invoices leading to long cash conversion cycles
To alleviate these business challenges, SkyeTek offers MetaFi as a turn-key, RFID-based solution that allows medical manufacturers to automate the field inventory management and billing processes. By significantly reducing the time required to take inventory and increasing field count / invoicing accuracy, MetaFi allows:
- Sales to reclaim lost productivity
- Operations to optimize stocking levels
- Finance to shorten cash conversion cycles
Webinar Topics:
- Challenges associated with managing field inventory at remote customer sites
- SkyeTek’s MetaFi solution:
- How it works
- Business benefits to medical manufacturers
- Technical considerations
- Real-world MetaFi case studies showing investment pay back in as little as 90 days
Estimated Length: 1 hour, including Q & A.
Who should attend: Sales Management, Operations, and Finance from medical manufacturers