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Inventory management and technology
Having a system that supports your procurement strategy is the key to effective
inventory management. A combination of strategies using Cardinal Health
inventory systems is a proven methodology for reducing inventory and carrying
costs.
CardinalASSIST®
CardinalASSIST® is a program developed by Cardinal Health
and our hospital customers that provides an automated process to replenish
drugs in efficient units of measure directly to the pharmacy for automated
point-of-service dispensing devices. CardinalASSIST® supports
the decentralized distribution of medications by streamlining product movement
through the elimination of redundant steps in the logistical process.
Formulas for Success
Pharmaceutical products make up about 68 percent of a pharmacy's budget.
The ability to manage inventory effectively can reduce costs and free up
dollars and time for clinical pharmacy needs.
Formulas for Success is Cardinal Health's comprehensive inventory management
program. It is implemented through a partnership with the customer, the
Cardinal Health sales consultant, and the CardinalCHOICET electronic order-entry
system. By using the Contract Compliance, Suggested Order Quantity, Market
Share, and Min/Max programs within the CardinalCHOICET system, customers
can generate savings through increased turns and lower carrying costs.
Contract Compliance
- Rank contracts
- Search for and select contract items
- Activate auto-analyze order setting
- Generate compliance reports
Suggested Order Quantities (SOQ)
- Apply SOQ functionality to all non-Min/Max items in inventory
- Maintain SOQ-related settings: ABC ranking, suggested order
quantity factors, quantity confirmations
Market Share
- Set up Market Basket
- Generate Market Basket reports to analyze market share
Min/Max
- Establish an order frequency for Min/Max items
- Assign Min/Max settings to selected items
- Take a post-Min/Max inventory to compare with pre-Min/Max levels
Mobile Solutions
Mobile Solutions empowers you to leverage the receiving and ordering
functionality of cardinal.com without being constrained to a desktop. Mobile
Solutions is a handheld scanning device based on Pocket PC™ technology.
It gives you the freedom to move untethered about the pharmacy and work
directly with your inventory. Mobile Solutions makes the pharmacy more
efficient in its daily processes.
With Mobile Solutions, ordering product can now be done with greater efficiency
and flexibility. Product bar codes can be scanned from the shelf label
or from the product itself. History and product details can also be accessed
and reviewed right from the Mobile Solutions device.
As product is received, you can record product by piece, case and tote
with the quick scan of the license plate. Since the device is completely
self-contained and not constrained by a computer cable, product can be
checked-in anywhere in the pharmacy or warehouse. Data can then be transferred
to and evaluated on cardinal.com.
With Mobile Solutions, the partnership between your pharmacy and cardinal.com
will enable you to focus more on patient care. The result is a more efficient
pharmacy and better results to your bottom line.
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