1.Track your inventory usage and cost by staff, procedure and patient.
The reports below track each source of consumption, staff, procedure and patient, to identify potential savings.
- Inventory performance by staff
- Inventory usage by procedure and patient
2.Eliminate costly shortages by foreword planning your Inventory consumption based on your patient scheduling levels.
Foreword planning is a key performance indicator (KPI) to identify your future consumption and compare it to current stock-on-hand to eliminate costly shortages and lost of revenue by patient rescheduling.
- Inventory forecast by item
- Inventory forecast by supplier
3.Identify waste and over usage by standardizing your actual inventory consumption by procedure.
- For each modality Esh-IGT provides an independent library where the inventory is predefined for each procedure.
- When the patient is scheduled for a procedure the inventory from the procedure’s library is copied into the patient encounter.
- During the procedure the actual inventory usage is recorded including waist.
- The inventory is automatically depleted from the item stock-on-hand.
Standardizing procedure inventory creates a unified inventory cost, eliminates the usageof expensive items and reduces costly shortages.
4.Replenish the stock-on-hand based on historical usage by procedure and facility.
Esh-IGT provides numerous reports that determine what is the best policy to replenish your inventory. The minimum and the maximum levels of stock-on-hand can be define by:
- Individual Item and Facility.
- Group of Items and Facility.
- Factoring the lead-time of the item.
Based on the Item modifiers Esh-IGT automatically produces the Requisition report that calculates the order quantity for each item and groups them by supplier.
5.Track your Vendors cost – Flag any item's cost irregularity by recording each invoice cost and
automatically compare it to the vendor blanket order.
Retaining a log of the item cost history allow the implementation of the “Toyota Model” where vendor is obligated to reduce the item cost in return for a commitment to buy a certain amount of the product over a specific period of time.
6.Identify exceptions in specific procedure's inventory costs by tracking
average and total inventory costs by procedure.
The Key Performance Indicators reports (KPI) for procedure costing provides the following analysis:
- Detailed procedure cost.
- Average procedure cost.
- Cost trend by procedure.
Utilizing the information from the reports can point on the procedures with the Inventory exception cost and help to identify the best course of action to reduce inventory cost by 20%.