Infor Inventory Intelligence for Healthcare Now Available
Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud, today announced the availability of Infor Inventory Intelligence for Healthcare, a new application that delivers consumable, actionable insights into inventory levels. Developed by the Infor Dynamic Science Labs team, an internal think tank formed to drive the next generation of enterprise software that is smart, self-learning, and focused on the future, this tool leverages science based recommendations to maintain optimized stock levels based on different needs of a hospital's floor, care units, and patients. With Infor Inventory Intelligence for Healthcare users can go beyond collecting, reporting, and distributing information about inventory levels and needs to anticipating problems and responding with solutions.
Successful organizations understand that delivering high-levels of patient care means always having the right inventory in the right location, and that excess inventory isn't healthy for the bottom line. Infor Inventory Intelligence for Healthcare delivers the data and tools needed to use science-driven replenishment parameters, to help ensure that supply levels are always where they need to be. The application incorporates algorithms that leverage order and transaction history to actively and intelligently maintain the stock in stockrooms, which will minimize stock outs and have needed items on hand, while increasing bottom-line savings by reducing overstocked items. If an organization is under-stocked, however, Infor Inventory Intelligence for Healthcare will increase inventory to reduce stock outs, preventing future negative events from occurring.
Organizations can also routinely update parameters, which means inventory levels are adjusted over time in response to recent changes in data and new trends. And, Infor Inventory Intelligence for Healthcare incorporates rules in order to ensure these changes will make sense to inventory coordinators without disrupting caregivers.
"Successful healthcare organizations understand that in order to increase profitability, steps need to be taken to better handle inventory management," said Mike Poling, senior vice president and general manager, Infor Healthcare. "There is no one-size-fits-all approach to inventory management, and it's important to partner with an organization that is specialized, understands market trends and fluctuations, and is innovative enough to harness the mass amounts of data available today in intelligent ways to use it for making better, faster decisions tomorrow."
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