What is the most efficient way to clinic inventory management? Managing the inventory for any business is a vital and crucial part. For managing your clinic inventory efficiently, you can use a clinic inventory management system. through it, you can monitor the sales and purchase of goods. Also, it would give you an insight into how many goods do you need to purchase? Either your sale is progressing or declining? How many goods have you sold in a day? etc. Many business fail due to overstocking, leading to severe business damage. Therefore, you should keep an eye on your clinic inventory via clinic inventory management software. In this article, we are going to discuss how does a clinic inventory management system help in managing the inventory in a well organized and peaceful manner. Benefits of a clinic inventory management system Time-saving Imagine if you have to count and write about each product you have bought manually. It would take a lot of your time and effort. In the whole day, you would be able to write details about just some of the bought products. This would make you feel more stressed and agitated. You can make clinic inventory management much easier by using the software. Through it, you can save all the information in a short time with less effort investment. You can also use a QR code scanning for instantaneous transfer of information. In this way, you can transfer all the important and lengthy information into the inventory management system in a few minutes. Availability of products Healthcare professionals work under stressful and tiring conditions. Since they have to look after patients in the emergency conditions, they need different products immediately, without any delay. All the departments of the hospitals need to get things refilled daily so that they can cope with any situation. Imagine if medicines do not reach to the intensive care unit at a time in proper amounts, there is a huge chance that the patient can collapse in the time someone will bring it. Therefore, healthcare professionals need a completely filled and updated stock of everything important they need. Let it be their own use things like gloves, sanitizers, or patient’s equipment like medicines, syringes, infusion sets, etc. You can, therefore, manage inventory well through a clinic inventory management software. That would enable you to keep a complete record of how many things you have delivered to different departments or how many things do you have to deliver on a particular day. Protects patients from expired medications Monitoring medication expiry is an important task during clinical practice. since the healthcare professionals are working under stressful conditions, therefore they can miss on checking the expiry date on medications. Expired medication does not show adequate response and the patient does not recover properly, this can be bad for both, patient’s recovery and health. Furthermore, you need adequate temperature and conditions for some medicines storage, if not their quality deteriorates leading to ineffective therapeutic activity. Through a clinic inventory management system, you would know which medication is near to expiry and needs to get disposed of. Or which medication has to be stored at a particular temperature so that its quality remains intact. moreover, it would alarm you if any medications expiry date is near. The clinic inventory management software would also inform you about the quantity of the product, name of the product along with the expiry date. In this way, you can make sure that your patients are getting the right medication that shows the best action. Protects your business Overstocking can damage your business, because if you would gather those products which would not get sold in some time. They would eventually get expired, and you will have to dispose of them, causing you a direct loss. Moreover, if you under-stock on goods, you will eventually have to refuse customers about the product and will lose customer satisfaction. Therefore overstocking and under-stocking, both are lethal and damaging for your business. You need to maintain a proper balance between sales and purchase of goods. Moreover, you can easily manage that balance by using a clinic inventory management system. It will show an alarm if you would buy more than they needed or designated amount of goods. Or if your stock levels are declining and you need to store on them. Reduced errors Imagine if you have to count everything by yourself. Or if you have to check the expiry date of the products and write them manually. There is a huge chance that you can miss anything or mistakenly write it wrong. You can use QR code technology or bar code technology through a clinic inventory management software. This would let you store all the information related to the product instantly, making it easier, with reduce errors and hassle-free for you. Conclusion Finally, having a clinic inventory management system is a must for your hospital or clinic. It would extraordinarily help streamline workflows and sales especially in pharmacy, laboratory, intensive care units and operation theatre, etc. InstaCare is providing a reliable, easy to use and low-cost clinic inventory management software. Through it, you can monitor sales and purchase of the stock, create bills, manage payments, and many more. For more information, please contact InstaCare.
How inventory management system increases clinical productivity? While running any business, marketing, advertising, sales, and accounts management is important. But along with it, one of the most important things to manage is supply and demand. It could be managed if you maintain a proper inventory with the inventory management system. Since it runs in the background of your business but plays a huge role, so should be given importance. Think if you have customers on the window, but you do not have enough stock to fulfill their needs. It would eventually cause damage to your business and would not eventually leave a good impact on the customer’s mind. Or if you have overstocked goods which have reached their expiry date, this would also badly impact your business. To overcome these kinds of blunders, you should have inventory management, that could prevent these kinds of errors and help increase in clinical productivity. Be it an outpatient clinic, pharmacy, laboratory or a hospital admission cell, proper inventory management system is very important and a critical part to ponder upon. In this article, we are going to discuss, how can clinical productivity be increased by using an inventory management system? Benefits of Using Inventory Management System Customer retention If you would maintain a proper inventory with an efficient inventory management system, you would not go out of stock. Since the software would indicate that you need to stock on the goods before you completely run out of them. This feature will eventually help you in creating loyal customers for your place because they would not go empty-handed. Also, they would not have to roam at different places, to get their desired product. Money-saving An inventory management system helps you in saving money because it protects you from overstocking. Many businesses fail just because of overstocking since it is lethal for a business. Overstocking would lead you to severe financial crises and business loss. You would be spending all the money on buying and just storing it for no use if the product is not in demand. By maintaining inventory properly with a management system, you can save your money and business as well. Organized warehouse By maintaining inventory with inventory management software, you can keep your warehouse clean and tidy. It would help you in determining what is in demand and should be kept first and what is not in rolling, so it can be kept beside. It would also reduce the time of labor to pick things from the warehouse and supply. Time-saving You could save enough time by maintaining inventory properly. Imagine if you have to count and keep the record of each and every product manually. How time-consuming and tiring it would be? An inventory management system helps you in getting the knowledge of which item has to be ordered, or which item should be brought at the sales counter just by seeing the record. It would save time for you so that you can counter check the stock and process other tasks. Business stability Maintaining inventory with an inventory management system would help you to achieve business stability by improving cash flow. If you would have a properly managed inventory, you would not need to spend a large sum of money on buying the stock. By cash rolling, you can buy the stock from the sales and can perform other tasks too. Stock balance Since inventory is a balance between goods input and output, it helps in maintaining the delicate line of maintaining the balance between its sale and stock. Overstocking can damage your business by storing things that are not in demand. While understocking would cause you to lose customers. So, both are damaging for your business, you should try to maintain this balance of neither overstocking nor understocking by using the inventory management system. Data visibility By using an inventory management system, you could easily review the data. It enables you to view sales, purchase, what is left in the stock, and what has to be ordered. These things are so important in running a business. By analyzing the need and demand, you can order products that have high sales and manage supply and demand in a better way. Expiry date reminder If you are using inventory management software for a pharmacy, superstore, or laboratory, it is highly valuable. Since the products after their expiry dates are of no use, an inventory management system would keep you updated and informed about which product has a near expiry date. This would save your products to get expired in store, which would lead them to the garbage, eventually damaging your business badly. Conclusion The inventory management system has many benefits since every business needs the right inventory management system to prosper. You should choose the one which suits the best for your business and works without any interruptions. Instacare provides all in one package for clinics and hospitals to manage their inventory and all clinical tasks. For more information visit us at Instacare.com.pk.
