Healthcare
Infor Inventory Intelligence
for Healthcare
Optimize your inventory levels
In today's healthcare industry, you must
always have the inventory you need—
when you need it. At the same time, in
our increasingly cost-conscious
healthcare environment, your hospital
must be able to increase its profitability
by maintaining optimized inventory
levels. To keep your costs under
control, you need inventory
recommendations based on the many
different needs of all of your hospital’s
floors, care units, and patients. In short,
you need easily consumable, actionable
insights into all of your inventory levels.
Anticipate problems—
and respond with solutions
The next generation of enterprise software will be able to
anticipate problems and respond with data-driven
solutions. From driving strategies in all areas of business,
to asset management and pricing—you have to be ready.
For healthcare organizations, this means using scientificbased recommendations to maintain optimized stock
levels, so you can free up your resources for critical
hospital needs. It means balancing inventory levels within
the healthcare supply chain, so you can keep service
levels high, while minimizing total supply chain costs. And
it means taking advantage of your storage space so you
always have items with a critical need, instead of
overstocking items with low turnover.
Success will depend on having the right combination of
enterprise software and science to optimize your
inventory levels—and Infor® Inventory Intelligence for
Healthcare from Infor Dynamic Science Labs (IDSL) can
help you do it.
With Infor Inventory Intelligence for Healthcare,
you can use science-based recommendations
so your inventory is ready for anything.
Infor Dynamic Science Labs: Focus on the future
Infor Dynamic Science Labs is a group of scientists, mathematicians, economists, and engineers, driving the next
generation of enterprise software. Our goal is to create software that is smart, self-learning, and focused on the
future. We work with customers and product managers to identify industry-wide challenges and then solve them
using elegant but understandable scientific methods.
The team behind the science
Infor Dynamic Science Labs is based in an
epicenter of innovation: Kendall Square in
Cambridge, Massachusetts. Led by Dr. Ziad
Nejmeldeen, a software veteran with a PhD from
the Massachusetts Institute of Technology, our
backgrounds range from astrophysics to
chemistry, econometrics to operations research.
We come to IDSL with experience in predictive
Infor Inventory Intelligence for Healthcare Brochure
analytics, mathematical modeling, optimization,
forecasting, and more.
These scientific techniques can be applied across
all industries while also specialized for a particular
industry. Our focus is on helping you identify
opportunities, and then we create and validate
solutions that will make decision-making smarter
for your organization.
2
Keep pace with the increasing complexity of data
Data is all around us—in the web we surf, the phones we carry, the machines we operate, and the cars we drive.
Of all the world’s data, 90% has been created in just the past two years. Every year from now, that data is going to
double. And it’s not just an increase in volume, but also a change in data types like multimedia data or generally
unstructured data. A whole lot of data today is going to be a whole lot more—and more complex—data tomorrow.
Turn Big Data into a big
competitive advantage
Hospitals are at a tipping point. Perhaps you’ve
embraced the promise of Big Data. Maybe you’ve
already invested in capturing the information.
Whether it’s Big Data or just more complex data,
what can you actually do with it? What does it
mean? What can you learn from it? How can it
help you improve how you deliver care?
Infor Inventory Intelligence for Healthcare Brochure
To make your investment in Big Data pay off, you
need to harness your data in an intelligent way so
you can use it as a basis for making better, faster
decisions and even self-learning decisions that
can inform future actions. As part of Infor
CloudSuite™ subscriptions, Infor Dynamic Science
Labs builds machine learning and predictive
analytics into Infor applications so that healthcare
organizations like yours can turn Big Data into a
big competitive advantage.
3
Control costs and deliver high-levels of care
Delivering high-levels of patient care means always having the right inventory—in the right location. Infor
Inventory Intelligence for Healthcare gives healthcare organizations like yours the data and tools you need to use
science-driven replenishment parameters. That way you ensure that your supply levels are always where they
need to be.
Optimize your inventory needs
Infor Inventory Intelligence for Healthcare incorporates
algorithms that leverage your order and transaction
history to actively and intelligently maintain the stock in
your stockrooms. Healthcare organizations like yours
will minimize stockouts and have needed items on
hand, while increasing your bottom-line savings by
reducing overstocked items.
Patient care is at the center of the hospital, care team,
and supply chain's goals. When you don’t have the
supplies you need, not only are you making it difficult
for your clinicians and other supply chain professionals
to do their jobs, but you’re putting patient care at risk.
To prevent this, Infor Inventory Intelligence for
Healthcare can help you to anticipate stock outs,
thereby helping you to avoid unnecessary patient risks.
Hospitals tend to overstock, so this kind of data-driven
inventory optimization can mean reduced inventory
holdings and lower on-hand units. When you are
under-stocked, however, Infor Inventory Intelligence
for Healthcare will increase your inventory to reduce
stock outs, thus leading to a higher average of
on-hand units but fewer stock outs.
With Infor Inventory Intelligence for Healthcare, you
can routinely update your parameters, which means
your inventory levels are adjusted over time in
response to recent changes in data and new trends.
Additionally, Infor Inventory Intelligence for Healthcare
incorporates rules in order to ensure these changes
will make sense to your inventory coordinators—
without disrupting your caregivers.
Better inventory control also means more cost savings.
Infor Inventory Intelligence for Healthcare can help you
to reduce overstocking, which often leads to an
increase in carrying costs, as well as increased risk of
loss, damages, and expiration. Not to mention wasting
excess storage space on non-critical inventory.
Infor Inventory Intelligence for Healthcare Brochure
4
Make your data work harder
With Infor Inventory Intelligence for Healthcare from Infor Dynamic Science Labs you can go beyond collecting,
reporting, and distributing information about your inventory levels and needs—to anticipating problems and
responding with solutions. Infor Inventory Intelligence for Healthcare gives you the tools you need to optimize
your hospital’s inventory and make your data work harder.
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