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Oracle Helps Healthcare Organizations Automate Inventory Management with RFID

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Oracle has unveiled a new RFID for Replenishment solution in Oracle Fusion Cloud Inventory Management, part of Oracle Cloud SCM, to optimize inventory management for healthcare organizations. This solution integrates RFID technologies from Avery Dennison, Terso Solutions, and Zebra Technologies to automate stock tracking, replenishment, and inventory visibility.

Key benefits include:

  • Automated tracking of medical supplies
  • Streamlined replenishment processes
  • Real-time inventory visibility
  • Reduced human error in inventory management

This innovation aims to increase productivity, expand inventory insights, and prevent delays in healthcare supply chains, ultimately enabling clinicians to focus more on patient care.

Oracle ha presentato una nuova soluzione RFID per il rifornimento in Oracle Fusion Cloud Inventory Management, parte di Oracle Cloud SCM, per ottimizzare la gestione dell'inventario per le organizzazioni sanitarie. Questa soluzione integra tecnologie RFID di Avery Dennison, Terso Solutions e Zebra Technologies per automatizzare il tracciamento delle scorte, il rifornimento e la visibilità dell'inventario.

I principali vantaggi includono:

  • Tracciamento automatico delle forniture mediche
  • Processi di rifornimento semplificati
  • Visibilità dell'inventario in tempo reale
  • Riduzione degli errori umani nella gestione dell'inventario

Questa innovazione mira ad aumentare la produttività, espandere le intuizioni sull'inventario e prevenire ritardi nelle catene di fornitura sanitarie, consentendo infine ai clinici di concentrarsi maggiormente sulla cura dei pazienti.

Oracle ha revelado una nueva solución RFID para Reabastecimiento en Oracle Fusion Cloud Inventory Management, parte de Oracle Cloud SCM, para optimizar la gestión de inventarios en organizaciones de salud. Esta solución integra tecnologías RFID de Avery Dennison, Terso Solutions y Zebra Technologies para automatizar el seguimiento de stock, el reabastecimiento y la visibilidad del inventario.

Los beneficios clave incluyen:

  • Seguimiento automático de suministros médicos
  • Procesos de reabastecimiento simplificados
  • Visibilidad del inventario en tiempo real
  • Reducción de errores humanos en la gestión de inventarios

Esta innovación tiene como objetivo aumentar la productividad, ampliar la comprensión del inventario y prevenir retrasos en las cadenas de suministro de salud, permitiendo en última instancia que los clínicos se concentren más en el cuidado de los pacientes.

오라클은 의료 기관의 재고 관리를 최적화하기 위해 Oracle Fusion Cloud 재고 관리에서 새로운 재고 보충을 위한 RFID 솔루션을 공개했습니다. 이 솔루션은 Avery Dennison, Terso Solutions, Zebra Technologies의 RFID 기술을 통합하여 재고 추적, 보충 및 재고 가시성을 자동화합니다.

주요 이점은 다음과 같습니다:

  • 의료 용품의 자동 추적
  • 간소화된 보충 프로세스
  • 실시간 재고 가시성
  • 재고 관리에서 인간 오류 감소

이 혁신은 생산성을 높이고 재고 통찰력을 확대하며 의료 공급망에서의 지연을 방지하여 궁극적으로 임상의가 환자 치료에 더 집중할 수 있도록 하는 것을 목표로 합니다.

Oracle a dévoilé une nouvelle solution RFID pour le réapprovisionnement dans Oracle Fusion Cloud Inventory Management, qui fait partie d'Oracle Cloud SCM, pour optimiser la gestion des stocks des organisations de santé. Cette solution intègre des technologies RFID de Avery Dennison, Terso Solutions et Zebra Technologies pour automatiser le suivi des stocks, le réapprovisionnement et la visibilité des inventaires.

Les principaux avantages comprennent :

  • Suivi automatique des fournitures médicales
  • Processus de réapprovisionnement simplifiés
  • Visibilité des inventaires en temps réel
  • Réduction des erreurs humaines dans la gestion des stocks

Cette innovation vise à augmenter la productivité, à élargir les insights sur les stocks et à prévenir les retards dans les chaînes d'approvisionnement en santé, permettant finalement aux cliniciens de se concentrer davantage sur les soins aux patients.

Oracle hat eine neue RFID-Lösung für die Auffüllung im Oracle Fusion Cloud Inventory Management, Teil von Oracle Cloud SCM, vorgestellt, um die Bestandsverwaltung für Gesundheitsorganisationen zu optimieren. Diese Lösung integriert RFID-Technologien von Avery Dennison, Terso Solutions und Zebra Technologies, um die Bestandsverfolgung, Auffüllung und Bestandsübersicht zu automatisieren.

Wichtige Vorteile sind:

  • Automatisierte Verfolgung von medizinischen Vorräten
  • Vereinfachte Auffüllprozesse
  • Echtzeit-Bestandsübersicht
  • Reduzierung menschlicher Fehler bei der Bestandsverwaltung

Diese Innovation soll die Produktivität steigern, die Bestandskenntnisse erweitern und Verzögerungen in den Gesundheitsversorgungsketten verhindern, wodurch letztendlich Kliniker mehr Zeit für die Patientenversorgung haben.

Positive
  • Introduction of RFID for Replenishment solution to automate inventory management in healthcare
  • Collaboration with leading RFID vendors (Avery Dennison, Terso Solutions, Zebra Technologies) for an end-to-end solution
  • Potential for increased productivity and improved inventory visibility in healthcare organizations
  • Automated stock replenishment and reduced manual data entry, potentially decreasing errors and shortages
Negative
  • None.

Insights

Oracle's new RFID for Replenishment solution in Oracle Cloud SCM represents a significant advancement in healthcare inventory management. By automating stock replenishment and improving inventory visibility, this solution addresses critical pain points in the healthcare supply chain. The integration of RFID technology from Avery Dennison, Terso Solutions and Zebra Technologies creates a comprehensive ecosystem for tracking medical supplies.

This innovation could lead to substantial cost savings and operational efficiencies for healthcare organizations. By reducing manual counts and human errors, hospitals can potentially decrease labor costs and minimize stock-outs. The real-time inventory visibility feature is particularly valuable, as it can help prevent delays in patient care due to missing supplies. However, the success of this solution will depend on the willingness of healthcare organizations to invest in RFID infrastructure and the seamless integration with existing systems.

The introduction of Oracle's RFID for Replenishment solution is a game-changer for healthcare operations. By automating inventory management, this technology addresses a critical inefficiency in healthcare settings where manual stock counts often lead to errors and delays. The ability to track various types of medical supplies, from high-value non-implantables to climate-sensitive items, demonstrates the solution's versatility.

This system could significantly improve patient care by ensuring that necessary supplies are always available. It also has the potential to reduce waste from overstocking or expiration of unused items. However, healthcare organizations must consider the initial implementation costs and potential staff training requirements. The long-term benefits in terms of improved efficiency, reduced errors and enhanced patient care could outweigh these initial challenges, making this a valuable investment for forward-thinking healthcare providers.

New RFID-powered solution helps Oracle Cloud SCM customers ensure the right supplies are available at the right time and the right locations to drive better patient experiences

LAS VEGAS, Sept. 11, 2024 /PRNewswire/ -- Oracle CloudWorld -- Oracle today announced a new replenishment solution in Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) to help healthcare customers optimize inventory management. The new RFID for Replenishment solution in Oracle Fusion Cloud Inventory Management, part of Oracle Cloud SCM, utilizes RFID technologies from Avery Dennison, Terso Solutions, and Zebra Technologies to automatically capture usage, update stock balances, track location, and trigger restocking of supplies and materials. RFID for Replenishment helps healthcare organizations increase productivity, expand inventory insights, and prevent delays by helping ensure the right amount of stock is in the right location at the right time.

"To help ensure clinicians have the right supplies for each procedure, inventory managers in healthcare organizations require frequent stock counts that often rely on manual data entry, which can lead to errors, replenishment delays, and item shortages," said Chris Leone, executive vice president of applications development, Oracle. "We're collaborating with leading RFID vendors to deliver an end-to-end solution that will allow healthcare organizations to automate stock replenishment, expand inventory visibility, improve productivity, and enable clinicians to spend less time looking for supplies and more time focusing on patients."

With RFID for Replenishment in Oracle Inventory Management, healthcare organizations can:

  • Track medical supplies: Helps organizations track a range of different medical supplies with either RFID-tagging for high-value non-implantable items; RFID-enabled cabinet, refrigerators, and freezers for items with specific climate requirements; or RFID-enabled Periodic Automatic Replenishment (PAR) bins for lower value supplies.
  • Automate replenishment: Helps organizations eliminate manual product counts and automate restock by using RFID-enabled tagging, cabinets, and PAR bins to automatically create supply replenishment requests in Oracle Inventory Management.
  • Gain real-time inventory visibility: Helps organizations maintain accurate stock counts by triggering a usage update as soon as an item has been removed from an RFID-enabled storage location.
  • Reduce human error: Helps organizations reduce errors in lot and serial number reporting and maintain an accurate view of stock levels by fully automating inventory management.

Supporting quotes:
"Speed and accuracy will always be intrinsically linked to positive patient outcomes. Our digital identification solutions and RFID inlays have been trusted by the healthcare industry for decades," said Barbara Van Rymenam, senior director, healthcare, Avery Dennison. "Integration into Oracle's broader organization-wide inventory management system means that our joint customers can increase the efficiency of the services they deliver and drive more value for patients."

"The lack of inventory visibility throughout the healthcare supply chain is a growing challenge for all stakeholders," said Joe Pleshek, CEO, Terso Solutions. "With our RFID-powered cabinets, refrigerators, freezers, and read points, and Oracle's inventory management capabilities in one end-to-end solution, we can help healthcare organizations automate processes, improve the speed and accuracy of replenishment, and optimize operations for greater patient outcomes."

"Hospital staff need the right technology to instantly identify, track, and capture the location and status of critical resources in real time," said Brent Brown, vice president, general manager, Advanced Locationing Technology, Zebra Technologies. "Our RFID readers and precise location tracking provides real-time visibility into every item in Oracle Inventory Management. This technology helps our customers work in new ways to expand inventory visibility, streamline the operations of front-line clinicians and deliver better care."

Oracle Cloud SCM helps organizations seamlessly connect supply chain processes and quickly respond to changing demand, supply, and market conditions. 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.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

About Oracle CloudWorld
CloudWorld is where our customers and partners can see the latest innovations in cloud technology, discover methods for getting the most business value from AI today, and explore ways to increase productivity and efficiency through automation. You'll learn from experts and your peers who build and use the applications, cloud infrastructure, databases, developer tools, and AI services that help solve complex business challenges in every industry. Join us to develop new skills and see new capabilities in action. Register now at oracle.com/cloudworld or follow the news and conversation at oracle.com/news and linkedin.com/company/oracle.

About Avery Dennison
Avery Dennison Corporation is a global materials science and digital identification solutions company that provides a wide range of branding and information solutions that optimize labor and supply chain efficiency, reduce waste, advance sustainability, circularity and transparency, and better connect brands and consumers. Our products and solutions include labeling and functional materials, radio frequency identification (RFID) inlays and tags, software applications that connect the physical and digital, and a variety of products and solutions that enhance branded packaging and carry or display information that improves the customer experience. Serving an array of industries worldwide — including home and personal care, apparel, general retail, e-commerce, logistics, food and grocery, pharmaceuticals and automotive — we employ approximately 35,000 employees in more than 50 countries. Our reported sales in 2023 were $8.4 billion. Learn more at www.averydennison.com.

About Terso Solutions
Terso Solutions, Inc. is backed by over 18 years of RFID product development and implementation experience. Our product line includes RAIN RFID enabled cabinets, refrigerators, freezers (-86°C to -5°C), read points, mobile solutions, and rooms. Terso has deployed over 3,500 RAIN RFID-enabled devices worldwide. Headquartered in Madison, WI, Terso Solutions is a wholly owned subsidiary of the Promega Corporation. 

About Zebra Technologies
Zebra helps organizations monitor, anticipate, and accelerate workflows by empowering their frontline and ensuring that everyone and everything is visible, connected and fully optimized. Our award-winning portfolio spans software to innovations in robotics, machine vision, automation, and digital decisioning, all backed by a +50-year legacy in scanning, track-and-trace and mobile computing solutions. With an ecosystem of 10,000 partners across more than 100 countries, Zebra's customers include over 80% of the Fortune 500. Newsweek recently recognised Zebra as one of America's Most Loved Workplaces and Greatest Workplaces for Diversity, and we are on Fast Company's list of the Best Workplaces for Innovators. Learn more at www.zebra.com or sign up for news alerts. Follow Zebra's Your Edge blog, LinkedInX and Facebook, and check out our Story Hub: Zebra Perspectives.

Future Product Disclaimer
The [preceding] is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle's products may change and remains at the sole discretion of Oracle Corporation.

Forward-Looking Statements Disclaimer
Statements in this article relating to Oracle's future plans, expectations, beliefs, and intentions are "forward-looking statements" and are subject to material risks and uncertainties. Many factors could affect Oracle's current expectations and actual results, and could cause actual results to differ materially. A discussion of such factors and other risks that affect Oracle's business is contained in Oracle's Securities and Exchange Commission (SEC) filings, including Oracle's most recent reports on Form 10-K and Form 10-Q under the heading "Risk Factors." These filings are available on the SEC's website or on Oracle's website at oracle.com/investor. All information in this article is current as of September 11, 2024 and Oracle undertakes no duty to update any statement in light of new information or future events.

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SOURCE Oracle

FAQ

What is Oracle's new RFID for Replenishment solution for healthcare organizations?

Oracle's RFID for Replenishment is a new solution in Oracle Fusion Cloud Inventory Management that uses RFID technologies to automatically track usage, update stock balances, and trigger restocking of supplies and materials in healthcare organizations.

How does Oracle's RFID for Replenishment solution benefit healthcare organizations?

The solution helps healthcare organizations increase productivity, expand inventory insights, prevent delays, and ensure the right amount of stock is in the right location at the right time. It also reduces manual data entry and associated errors.

Which RFID technology providers is Oracle (ORCL) collaborating with for this solution?

Oracle is collaborating with Avery Dennison, Terso Solutions, and Zebra Technologies to deliver the RFID for Replenishment solution.

What types of medical supplies can be tracked using Oracle's RFID for Replenishment solution?

The solution can track various medical supplies, including high-value non-implantable items with RFID-tagging, items with specific climate requirements using RFID-enabled cabinets, refrigerators, and freezers, and lower value supplies using RFID-enabled Periodic Automatic Replenishment (PAR) bins.

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