Limited visibility to field and consigned inventory has significant impacts on business decisions for medical device manufacturers and their distributors. RFID, as well as cloud platforms and consumer smart devices, gives an opportunity to manufacturers to get real-time visibility of field inventory, gaining control of their inventory, improving sales efficiency and engagement and increasing operational efficiency, while reducing costs with improved cash flow. Cycle counts can be easily integrated into back-end systems like SAP, Salesforce or homegrown ERP to do a near, real-time billing. Understand the benefits, including, par levels, inventory utilization, product expiration, inventory transfers, freight optimization, service levels and customer segmentation.
Speaker:
Sanjiv Dua, CEO, RFID4U