We have a customer in the Northeast who has about a dozen hospitals. They have used Z5 Count to conduct a number of physical inventories and are very pleased with their results as well as the improvements to the overall inventory process for their staff. Like many hospitals, inventory was a means to an end. Meaning they took a count and posted a number in their financials. Once this was done, they declared victory and moved on to other projects and challenges. Does this sound familiar to you?Continue Reading
Topics: physical inventory count, selling medical inventory, Z5 Count Software, healthcare, inventory, reallocation, Z5 Reallocate, supply chain management, medical supply, digital supply management, healthcare inventory, buying medical inventory
I recently returned from two weeks on the road visiting customers and prospects. I started in Washington, DC, then on to Baltimore, Boston, Cincinnati, and finally Los Angeles. My new favorite motto is: “if you have time to spare, then go by air,” but that is for another blog.Continue Reading
Admit it. You made a mistake. We all make mistakes, right?Continue Reading
Topics: physical inventory count, selling medical inventory, Z5 Count Software, inventory valuation, inventory audit, healthcare, supply chain, Boston Children's Hospital, new client spotlight, inventory, supply chain management, medical supply, digital supply management, healthcare inventory, buying medical inventory
Every year hospitals and hospital staff go through the annual budget process. Departments submit projections for their needs, projects are prioritized and re-prioritized, meetings are held to discuss the merits of each, and at the end of the process, funds get allocated.
Wouldn’t it be great if it were that easy?Continue Reading
Topics: physical inventory count, selling medical inventory, buying inventory, selling medical supplies, supply chain management, medical supply, digital supply management, healthcare inventory, buying medical inventory
You live in a world filled with boxes, packages, bins, shelves, storage rooms, items out of order, manufacturer name changes, and did I mention the unreadable labels?Continue Reading
Can inventory counts alleviate the financial challenges listed in the latest ACHE survey?
The Top 3 overall healthcare challenges surveyed across 383 CEOs were as follows (with financial challenges leading the list):
- Financial challenges
- Government mandates
- Patient safety and quality
A recent article in Becker's Hospital Review outlined the ongoing issues hospitals face with their supply chains. It is no secret that most hospitals struggle to reduce costs in their supply chains and often use an inaccurate and outdated process to complete their inventory counts.Continue Reading
For the Materials and Supply Chain Managers out there who are looking for a faster, more accurate and easier way to complete your next count, we want to remind you about our innovative platform - Z5 Count, Reallocate, and Buy. These services were designed specifically to streamline perpetual and periodic inventory counts and make your job easier! So before you take your next count, please consider Z5 Inventory. We promise you that you will never take another inventory count the old-fashioned way ever again!
The Z5 Inventory Team Continue Reading