Inventory Management

Current State

Future State

• Unrestricted access to physical inventory resulting in financial losses and items getting incorrectly expensed.
• Entity-specific criteria and processes for choosing inventory items
• Manual inventory management process (e.g., tracking on paper)

• More controlled access to physical inventory making inventory counts correct and in real time
• Improved LLUH purchasing power through standardized process to determine whether to hold an inventory item
• Increased efficiency and cost savings with system-driven, standardized PAR management
• Reduced overspend and improved quality of care delivery enabled through proactive PAR reporting and analytics
• Reduced risk and overspend through consigned inventory tracking
• Increased efficiency of inventory monitoring through use of hand-held devices (RF Smart)