At Medstor, we understand that healthcare departments face huge issues every day. Not just relating to patient treatment and wellbeing, but also staffing, financial challenges and customer demands. In other words, there’s a lot to think about, all the time.

However, with the huge amount of specialised equipment, medication and supplies used daily to provide care, inventory management remains an important element of how a department or hospital can streamline and improve the way it operates, ultimately reducing stress and releasing time to care.

Benefits of an inventory management system

• Easy tracking of expiry dates - Patients are not given out of date (and potentially dangerous or ineffective) medication. Products that are due to expire soonest can be issued first, reducing waste and associated costs. Out-of-date medicines can be disposed of safely
• Reduced loss - Hospitals are often huge and always busy. However, with an effective inventory management system, equipment and supplies are where they are supposed to be
• More cost-effective - Real-time tracking ensures sufficient stock levels and prevents overstocking and wastage. An automated system also requires less staffing
• Fewer inaccuracies - Electronic inventory management requires less human intervention, reducing the risk of error
• Increased visibility- Stock can be tracked and located at any time, making it easy to find all equipment, medication and supplies
• Improved patient experience and staff morale - Well-managed stock improves patient confidence and prevents staff being exasperated by having to search, often unsuccessfully, for drugs and equipment