Intellibinz: an Automated Supply Chain Solution
- Addresses hospital labor issues
- Provides information across material use
- Provides accurate data for increased efficiency
and reduced waste - Improves staff morale and patient care
- Integrates with existing ERP platforms
- Saves money
- Provide visibility across enterprise
- Core architecture utilizes latest machine learning and customized predictive analytics (AI)
Cost of Counting
- Must physically observe empty bins and scan for a refill
- Analytics based on low/empty bin count only
- Information confidence is low/empty only INFO
- Forced to use dated KANBAN system
- Issues in nursing: hoarding, lost time, and reduced patient care due to low inventory
- 12-18% of inventory is lost or expired and thrown away
- 25% of clinical staff have used or seen others use expired products
- Often only empty bins are accounted for
Analytics and Insight
- Provides hospital with ability to negotiate favorable contracts (Deloitte, 2022)
- Helps storage room thresholds, preventing waste and inefficiency through SCMs
- Analysis of trends allows for best practices, preventing backorders
- Improves budgeting
Sample ROI for Midsized Target Hospital
Current Spending
- $50M annually
- 48,000 bins
- Cost inefficiencies, 20% savings
- $6-9M in annual waste, lost or theft
- $63,000 monthly/$756,000 annual front end counting cost
- What if we only achieve half of the industry savings projections
- What would you do with a complete view of the supply chain instead of just empty bins across the enterprise
