While providing innovative medical advances is at your core, it comes with tight regulatory requirements designed to protect the public. WaveMark has leveraged healthcare RFID technology to bring real-time visibility to your supply chain, giving you the track and trace capabilities to adhere to stringent regulatory compliance. Our solutions are designed with business intelligence to stand alone or easily integrate with your existing ERP systems such as SAP, JDE, QAD, Oracle and more, for a complete solution.

WaveMark Supplier Solutions offers medical device tracking benefits throughout the organization:

Supply Chain: Gain complete visibility and control of DC and field inventory including trunk stock, consigned and purchased inventory.

• Real-time visibility of inventory levels improves demand planning and forecasting for right sized field inventory in all locations
• Accurate inventory audits reduces scrap, excess, and obsolete inventory
• Item-level tracking of consumption information increases inventory turns at the Warehouse/DC
• Automated returns receipt tracking offers improved restocking processes
• Automated transfer, put away and cycle count functionality in the warehouse/DC reduce labor and improve visibility to stocking levels

Sales, Sales Management, Customer Service: Automation of sales transactions improves account management and increases sales productivity.

• Accurate cycle counts expedites billing and improves the management of consignment contracts
• Field inventory visibility improves par level management, expiration management and reduces waste
• Automated sales transactions (in-field transfers, cycle counts, swaps, etc…) provides immediate PO capture, faster order processing, and efficient returns and audit reconciliation
• Improved charge capture at point of sale
• Real-time usage tracking such as used for a patient, no cross, return, damaged, etc. provides immediate product disposition.

Finance: Real-time visibility provides enterprise-wide, actionable information about product disposition, consumption, sales, transfers, and returns.

• Corporate visibility into all field inventory and transactions improves documentation and regulatory compliance
• Timely and reliable audits allows faster billing, resulting in increased revenue
• Real-time information reduces financial liability from expirations/obsolesce and inventory carrying costs
• Track and trace capabilities provide faster and more reliable method for assessing inventory associated with M&A opportunities

Quality Control, Regulatory: Visibility into product acceptance and field action provides key data for managing new and existing products.

• Item-level tracking gives you access to exact locations of product to efficiently respond to recalls and field actions

Learn more about Healthcare RFID Inventory Management