InventoryLinkSM Program
Connect your clinical and financial objectives with InventoryLinkSM
At Cardinal Health, we know that effective inventory
management
in your clinical departments is critical
to your overall clinical and financial performance.
For example, an average 300-bed hospital could have departmental
inventories that represent:
 |
$4.5 million in on-hand value |
|
12% to 20% of the budget in inventory expense |
|
Three to four inventory turns per year |
Additionally, your clinical staff can spend up to 25% of their time
on supply chain activities. Effective inventory management within
clinical departments can positively impact staff satisfaction and
productivity while improving cash flow and operating margin.
Focus on people, process and technology
Cardinal Health offers InventoryLinkSM, to help you
create an inventory management process that makes the most of your
working capital and enables you to reduce operating expenses. It
also ensures that your clinical staff has the right product, in
the right place, at the right time. InventoryLinkSM provides
an integrated approach to inventory management by focusing on people,
process and technology. InventoryLinkSM is ideal for those hospitals
working to gain control of departmental inventories in order to:
|
Lower overall cash investment in departmental
inventories |
|
Lower overall supply/inventory expense |
|
Increase staff satisfaction, productivity and
service levels because clinicians are freed from supply chain
responsibilities |
| Level One |
Physical inventory
and clean up |
|
On-hand inventory value |
|
On-hand inventory itemized list |
|
Inventory buy-back offer |
|
Recommended par levels |
|
Inventory storage space reorganization |
|
| Level Two |
Ongoing
maintenance |
|
InventoryLinkSM Online
web site implementation |
|
Performance reports with recommended action
plans |
|
Training and support |
|
| Level Three |
On-site labor
|
|
Data entered into
InventoryLinkSM Online
web site |
|
Weekly order
recommendation generated |
|
Performance reports with recommended action
plans |
|
Technology options that require minimal capital expense
|
Bar-code scanning |
|
Handheld mobile devices |
|
Web-based remote access |
Managing the process
We help you to focus on the inventory management process within
your departments. We evaluate the current situation, recommend changes
and help you implement them effectively. Typical process changes
may include:
|
Storage locations |
|
Product flow |
|
Inventory control |
|
Par levels |
|
Replenishment process |
|
Product expiration management |
|
Inventory rotation |
Results you can see immediately
InventoryLinkSM provides significant savings opportunities
almost at once:
|
Inventory reduction through clean-up
and increased turns |
|
Inventory expense reduction through
improved processes and tracking |
|
Reallocation of valuable staff time
through outsourcing inventory management and automating processes |
|
Improved capacity and space utilization |
|
Quarterly usage reports to track
spending |
Working together works
Your mission as a health-care provider is quality patient care.
As a distributor, our core competency is effective logistics/inventory
management. Our experience and expertise mean we can help you minimize
the expense of extending your supply chain expertise to your clinical
departments. Together, we can ensure the right product is there
when it’s needed by your staff.
