SmartINVENTORY provides powerful demand forecasting software and inventory optimization capabilities to help health systems match supply levels to patient demand and reduce the overall inventory levels and costs. It recommends optimal inventory policies and provides what-if capabilities to analyze alternative scenarios quickly.
- Provides the capability to define the utilization models to determine the utilization rates (in term of items/patient) based on historic item usage and patient data.
- Uses a utilization model along with patient (or cases) planned demand to determine the future inventory requirement. In this way inventory planning is more aligned with patient (or cases) demand
- Statistical modeling to come up with the inventory policies which help the user to achieve desired service levels
- Looks at historic patient (or cases) data and use the optimal forecasting methodology to predict the future demand