The Leverege Surgical Kit Management solution is designed to increase sales, boost kit turnover, cut unnecessary costs, and replace manual audits with automated processes. This approach not only drives higher revenue but also reduces operational costs, ensuring orthopedic OEMs can achieve greater profitability from their high-value assets.
By: Leverege
Last Updated: December 2, 2024
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Surgical Kit Management for Orthopedic OEMs - Leverege
The Leverege Surgical Kit Management solution is designed to increase sales, boost kit turnover, cut unnecessary costs, and replace manual audits with automated processes. This approach not only drives higher revenue but also reduces operational costs, ensuring orthopedic OEMs can achieve greater profitability from their high-value assets.
In the competitive and precision-driven world of orthopedic surgery, surgical kits represent not just tools of the trade but significant financial assets for Original Equipment Manufacturers (OEMs). With the value of these kits ranging between $10,000 to $50,000, the imperative for orthopedic OEMs is clear: maximizing the return on these high-value assets is crucial. However, this goal is often undermined by challenges such as low utilization rates (average turns), unnecessary expenditures, and the laborious process of manual audits, all of which can severely impact profitability.
The Leverege Surgical Kit Asset Management solution is designed to directly address these pain points. This solution offers a comprehensive approach to managing surgical kits, focusing on enhancing sales efficiency, boosting the rate of kit utilization, slashing unwarranted costs, and transitioning from manual to automated audit processes. The result? A significant increase in revenue, achieved at a lower operational cost.
With this solution, users receive real-time insights into the location and usage of each kit, thereby preventing loss and enabling better planning to avoid rush orders—a common source of inflated costs. Additionally, by automating inventory audits, it not only saves valuable time but also ensures accuracy and up-to-the-minute inventory data, a crucial factor for responding swiftly to market demands.
By optimizing the allocation of inventory across regions based on actual demand, the solution prevents the underutilization of assets, ensuring that each kit is turned over more frequently and thus generating higher per-asset revenue. In essence, the Leverege Surgical Kit Asset Management solution empowers orthopedic OEMs to operate more efficiently, reduce costs, and significantly enhance profitability, all while maintaining the highest standards of service and support for the healthcare providers they serve. This strategic approach to asset management is not just an operational upgrade—it's a competitive advantage in the fast-paced orthopedic sector.
Increase Average Turns & Per-Asset Revenue
Enable Reps to Sell More: Less time managing inventory and hunting down kits means more time spent servicing customers and making sales.
Get Notified About Bottlenecks: Is a customer holding on to a kit too long after using it? Is a rep hoarding inventory to increase their commission? Set up automatic alerts to catch issues early.
Eliminate Unnecessary Costs & Increase Profit
Never Lose Another Kit: Get the current location of every kit and stop being forced to write-off lost assets.
Stop Rush Shipping: By reducing burden on reps to manage inventory, they can better plan and reduce costs by using normal shipping.
Optimize Inventory Allocation Across Regions: Does the North East need more inventory to meet unexpected demand? Instead of producing more kits, save costs by quickly identifying if there’s excess inventory to reallocate from another region.
Automatically Audit Inventory, Instantly
No Wasted Time Spent Chasing Down Reps: Get a view of all your global inventory in one place, with status updated daily so you never have to do a manual audit again.
Filter to Just What You Need: Need to get a specific count or list of assets? No problem. Easily filter based on region, last time used, and much more.
Medical IoT Solutions Powered by Enterprise-Grade & Future-Proof IoT Stack
Building everything from scratch means slower time-to-market, increased costs, and greater risk. Leverege's highly flexible cloud-native software stack accelerates the development, deployment, and management of your medical IoT solution while reducing the costs and overhead of ongoing management.
Deploy Medical IoT Solutions Your Way
You don't need to sacrifice customizability to get speed and scalability, you can have all three. The Leverege IoT Stack enables you to flexibly deploy your retail IoT solution based on the needs of your business and the use case.
An Intelligence-First Approach to Medical IoT Solutions
Enhance your decision-making processes by utilizing enterprise AI/ML pipelines for predictive analysis and optimizing workflows. Simplify the management of alerts, analytics, and events using a no-code rules engine. Without any coding, design custom dashboards and data visualizations, and convert sensor data into actionable insights using a dynamic application builder, thus refining your operations.
Inherently Secure Medical Solutions
Every Leverege solution meets the utmost security standards, consistently subjected to external audits and penetration tests to guarantee adherence to current regulations. Leverege integrate security at every phase of the development and deployment process for IoT applications created using the Leverege IoT Stack.
Leverege is a physical operations intelligence company, empowering large enterprises to deploy proven IoT+AI solutions built on a highly configurable software stack so you can minimize risk, accelerate time-to-value, and tailor solutions to your specific business needs.