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UPS introduces inventory tracking platform for medical device makers

LBR Staff Writer Published 25 May 2018

United Parcel Service (UPS) in association with technology firms WebOps and Baxter Planning Systems has introduced its latest field inventory tracking tool to ensure surgical kits and implantable medical devices arrive at the right place and on time.

The cloud-based integrated solution is aimed at enabling medical device makers to optimise their supply chain and comply with the strict standards for patient safety.

For greater control and visibility, the platform centralises inventory. The company claims that the platform will enable manufacturers to achieve 20-50% decline in inventory and 10-30% reduction in expedited order requests. 

UPS global logistics and distribution vice president of operations David O’Leary said: “Medical device manufacturers require specialised services and solutions to solve problems that help to improve patient care.

“We are now leveraging these core strengths to bring solutions to the implantable medical device industry that offer better visibility and quality, reduced inventory and lower supply chain costs.”

The latest cloud-based platform is expected to optimise field inventory by enhancing planning, increasing visibility, streamlining logistics, and focused last-mile services.

The new tracking platform will leverage the WebOps application precisely track surgery schedules, physician preferences, inventory availability and movement of surgical kits and implants.

Additionally, the solution will also allow surgeons and hospitals, device and instrument manufacturers, and distributors to communicate about implant usage, product requirements and consumption.

The solution offered by Baxter delivers unified inventory planning for the consigned inventory across hospitals and forward stocking locations to simultaneously improve order fulfilment and productivity while reducing inventory and transportation costs.

Currently, UPS serves manufacturers and distributors of medical devices through its network of both healthcare field stocking locations and distribution centers.

UPS noted that its existing US network of healthcare compliant facilities can ensure the delivery of critical shipments within four hours to 80% of hospital beds and surgery centers.