Oracle Helps Healthcare Organizations Address Critical Inventory Management Challenges
Oracle has unveiled new supply chain capabilities within Oracle Fusion Cloud Applications Suite aimed at optimizing healthcare inventory management. The updates to Oracle Fusion Cloud Inventory Management and Procurement include key features: Inventory Shortages Workbench for identifying and solving stockouts, Mobile Recall Management for quick response to product recalls, RFID for Replenishment to automate stock management, and a partnership with Symmetric Health Solutions to expand medical product catalogs. These enhancements aim to automate manual processes, increase visibility, and improve procurement data quality for better patient care.
Oracle ha svelato nuove capacità nella gestione della supply chain all'interno della suite di applicazioni Oracle Fusion Cloud, con l'obiettivo di ottimizzare la gestione dell'inventario sanitario. Gli aggiornamenti di Oracle Fusion Cloud Inventory Management e Procurement includono caratteristiche chiave: Workbench per le carenze di inventario per identificare e risolvere le situazioni di stockout, Gestione dei richiami mobile per una risposta rapida ai richiami di prodotti, RFID per il rifornimento per automatizzare la gestione delle scorte, e una partnership con Symmetric Health Solutions per espandere i cataloghi di prodotti medici. Questi miglioramenti mirano ad automatizzare i processi manuali, aumentare la visibilità e migliorare la qualità dei dati di approvvigionamento per una migliore cura dei pazienti.
Oracle ha presentado nuevas capacidades en la gestión de la cadena de suministro dentro de la suite de aplicaciones Oracle Fusion Cloud, destinadas a optimizar la gestión del inventario en el sector salud. Las actualizaciones a Oracle Fusion Cloud Inventory Management y Procurement incluyen características clave: Banco de trabajo para escasez de inventario para identificar y resolver la falta de existencias, Gestión móvil de retiros para una respuesta rápida a los retiros de productos, RFID para reabastecimiento para automatizar la gestión de stock, y una asociación con Symmetric Health Solutions para ampliar los catálogos de productos médicos. Estas mejoras buscan automatizar procesos manuales, aumentar la visibilidad y mejorar la calidad de los datos de compra para una mejor atención al paciente.
오라클은 의료 재고 관리 최적화를 목표로 하는 오라클 퓨전 클라우드 애플리케이션 스위트 내 새로운 공급망 기능을 발표했습니다. 오라클 퓨전 클라우드 재고 관리 및 조달에 대한 업데이트에는 재고 부족 작업대를 통한 재고 부족 식별 및 해결, 모바일 리콜 관리를 통한 제품 리콜에 대한 신속한 대응, 재고 보충을 위한 RFID를 통한 재고 관리 자동화, 그리고 Symmetric Health Solutions와의 파트너십을 통한 의료 제품 카탈로그 확장이 포함됩니다. 이러한 개선 사항은 수동 프로세스를 자동화하고 가시성을 높이며 조달 데이터의 품질을 향상시켜 더 나은 환자 치료를 목표로 하고 있습니다.
Oracle a dévoilé de nouvelles capacités dans la gestion de la chaîne d'approvisionnement au sein de la suite d'applications Oracle Fusion Cloud, visant à optimiser la gestion des stocks dans le secteur de la santé. Les mises à jour d'Oracle Fusion Cloud Inventory Management et Procurement incluent des fonctionnalités clés : Atelier sur les pénuries de stocks pour identifier et résoudre les ruptures de stock, Gestion des rappels mobile pour une réponse rapide aux rappels de produits, RFID pour le réapprovisionnement afin d'automatiser la gestion des stocks, et un partenariat avec Symmetric Health Solutions pour élargir les catalogues de produits médicaux. Ces améliorations visent à automatiser les processus manuels, accroître la visibilité et améliorer la qualité des données d'approvisionnement pour une meilleure prise en charge des patients.
Oracle hat neue Funktionen zur Optimierung des Gesundheitsinventarmanagements innerhalb der Oracle Fusion Cloud-Anwendungssuite vorgestellt. Die Aktualisierungen von Oracle Fusion Cloud Inventory Management und Procurement beinhalten wichtige Funktionen: Arbeitsplatz für Inventarmangel zur Identifizierung und Lösung von Lagerengpässen, Mobile Rückrufverwaltung für eine schnelle Reaktion auf Produkteinzüge, RFID für Nachschub zur Automatisierung des Bestandsmanagements, sowie eine Partnerschaft mit Symmetric Health Solutions zur Erweiterung von medizinischen Produktkatalogen. Diese Verbesserungen zielen darauf ab, manuelle Prozesse zu automatisieren, die Sichtbarkeit zu erhöhen und die Qualität der Beschaffungsdaten für eine bessere Patientenversorgung zu verbessern.
- Introduction of automated inventory management system reducing manual processes
- Integration of RFID technology for real-time stock tracking and automated replenishment
- Partnership with Symmetric Health Solutions expanding product catalog access
- Implementation of mobile recall management system improving response time to safety issues
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Insights
The new Oracle Cloud SCM features represent a significant advancement in healthcare inventory management, addressing critical pain points in the sector. The Inventory Shortages Workbench and RFID for Replenishment capabilities are particularly noteworthy, as they automate traditionally manual processes that have long plagued healthcare supply chains.
The partnership with Symmetric Health Solutions to provide an expanded product catalog directly tackles a major inefficiency in healthcare procurement. By automating stock replenishment and improving data quality, these updates could potentially reduce operational costs and minimize critical supply shortages that impact patient care.
While the technology is promising, implementation and integration with existing hospital systems will be important for success. The mobile recall management feature addresses regulatory compliance needs, but healthcare organizations will need to invest in training and change management to fully realize the benefits.
These supply chain enhancements target fundamental challenges in healthcare operations, particularly the critical issue of inventory stockouts that can directly impact patient care. The real-time visibility and automated replenishment capabilities could significantly reduce the $5 billion annual waste in medical supply management across U.S. hospitals.
The mobile recall management system is especially valuable given the increasing frequency of medical device recalls and the current manual processes most hospitals use to handle them. The integration of RFID technology with partners like Avery Dennison and Zebra Technologies brings proven retail supply chain efficiency to healthcare, potentially reducing inventory carrying costs by
New Oracle Cloud SCM capabilities help healthcare organizations optimize inventory management and deliver better patient experiences
"Managing healthcare inventory is a key factor in helping to ensure clinicians have the right supplies for each procedure, but a lot of the critical tasks they perform rely on disconnected manual processes, which can lead to delays, shortages, and slower response times," said Chris Leone, executive vice president of applications development, Oracle. "These new supply chain capabilities enable inventory managers, buyers, and contract managers to address these challenges by automating stock replenishment, providing a complete view of inventory, and delivering a more expansive product catalog. This will help healthcare organizations minimize sourcing errors, optimize inventory, reduce critical recall response times, and improve patient care and safety."
The latest healthcare-specific supply chain updates within Oracle Fusion Applications include:
- Inventory Shortages Workbench: Helps organizations quickly identify and solve for inventory shortages or stockouts. Part of Oracle Inventory Management, the workbench provides a single view of inventory and enables customers to easily assess critical item shortages and identify the cause, review options for addressing item shortages, and take action to reduce stockouts.
- Mobile Recall Management: Helps organizations respond quickly, accurately, and comprehensively to product recall notices. Part of Oracle Inventory Management, this new responsive mobile application enables customers to quickly scan items and locations, record recall counts, and take immediate action to quarantine affected items, improve patient safety, and reduce risk.
- RFID for Replenishment: Enables organizations to increase productivity and prevent delays by helping ensure the right amount of stock is in the right location at the right time. Part of Oracle Inventory Management, the new feature leverages technologies from Avery Dennison, Terso Solutions, and Zebra Technologies, to automate inventory management by automatically capturing usage, updating stock balances, tracking location, and triggering restocking of supplies and materials.
- Symmetric Health Solutions Partnership: Helps organizations increase productivity in sourcing and minimize product order errors. Part of Oracle Healthcare Marketplace, a B2C shopping experience within Oracle Procurement, the new expansive third-party medical, surgical, and device product catalog from Symmetric Health Solutions enables customers to discover, source, and price desired items that are not listed within their organization's existing item master, frequently purchased items, or contract portfolio. The fully attributed and enriched data helps reduce manual data maintenance and improve analytics.
Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) helps healthcare organizations seamlessly connect supply chain and clinical processes to quickly respond to changing demand and supply conditions to deliver the best patient care. With new features added every quarter, Oracle Cloud SCM helps customers create a resilient supply network and processes that outpace change.
For additional information on Oracle Cloud SCM applications, visit oracle.com/scm.
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