Oracle is adding new mobile capabilities to Oracle Fusion Cloud Inventory Management, part of Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The new inventory management capabilities support all core inventory transactions within a healthcare organization.
The additional capabilities will help healthcare organizations reduce inventory errors, improve restock efficiency and gain the visibility needed to better predict demand and optimize stock availability.
Other inventory transactions to be supported include full mobile device and barcode scanning support for receiving, putaway, picking, cycle counting, material transfers and the issuing of materials across all types of stocking locations in a hospital. Stockrooms, procedural areas and Periodic Automatic Replacement (PAR) locations will find it easier to procure the necessary items.
Through upgrading the mobile capabilities, three aspects are to be introduced. The PAR Management Workbench imbibes healthcare organizations to observe inventory levels across all locations, predict demand and manage replenishment.
The mobile PAR counting app lets users manage PAR from any location. The app has an offline mode that enables hospitals with poor connectivity to accurately track inventory, while also automatically triggering restocks.
The last-mile logistics app improves logistics and the management of materials, delivery and restocking. It also provides proof of delivery after each hand-off.
In the last 12 months, Oracle has continued to build on their healthcare modules, adding healthcare-specific supply chain capabilities including logistics, product lifecycle management, planning, procurement and channel revenue management.
“Healthcare organizations are under pressure to deliver a consistently high standard of care while managing costs,” said Chris Leone, executive vice president, applications development, Oracle. “With Oracle Cloud SCM’s new inventory management capabilities, healthcare providers can improve the efficiency and accuracy of inventory management processes to expand visibility, reduce costs and ensure the right stock is available in the right place, at the right time.”