The supply chain integration process in the healthcare sector has got unique challenges which shall require world class quality data in the organizational material management system. Hence Catalog content management is an absolutely key area to the success of eProcurement, spend analysis and inventory management initiatives.
Grihasoft has an excellent track record of over 15 years in providing Healthcare Item Master Solutions to the industry.
Achieving perfect balance between no stock leading to compromise on patient safety vs excess stock of med surge items resulting in poor deployment of resources in the form of obsolete returns, wasted labor hours and deficient inventory turnovers is a big challenge in healthcare providers material management context.
So there exists a business case to establish accurate inventory baseline with periodic professional evaluation of inventory levels and take control inventory management. The results of this exercise shall provide deep understanding and insights on inventory levels by various dimensions like locations, cost centers, categories, and active vs obsolete and help to visualize performance trend in contrast to industry benchmark. Grihasoft has been practicing inventory valuation services to providers for over decade now helping providers to achieve substantial percentage of supply chain cost saving adding to their bottom line.
Maintaining material master data is very challenging and ongoing efforts demanding robust procedures in place to ensure seamless integration of material identity uniqueness across the systems and at the point of usage. Otherwise it leads to duplicates proliferation in the system, resulting in excess, obsolete, delayed supplies due to incomplete information in the catalogue etc.
In the master data maintenance process any updates, edits, addition, deletion, etc would flow through request, validation, expert information gathering, authorized review and approval process, ensuring clean, accurate and consistent master data in the entire system and avoid any data redundancy in the material management process.
Grihasoft is providing master data management services to its clients for over a decade now.