read

The Circular Future of Medical Devices: How mymediset is Paving the Way for a Sustainable Medical Device Industry

The medical device industry is an indispensable player in the healthcare sector, providing access to advanced technologies that have the potential to save countless lives. However, this industry has a massive environmental impact that cannot be ignored. mymediset, the medical device hypercloud, has devised a sustainable solution to transform the industry.
Consignment Inventory Management | Field Inventory Management | Loanset Inventory Management | mymediset | SAP Add-ons in the Healthcare Industry
Apr 5, 2023

In the United States alone, the transportation of medical devices accounts for 8.5% of global greenhouse gas emissions. Furthermore, an astounding 20 million tons of medical waste is generated annually*. To tackle these challenges, mymediset, the medical device hypercloud, has devised a sustainable solution to transform the industry.

Downstream Logistics: An Integral Component of Sustainability

The transportation of medical devices from manufacturers to healthcare facilities is a crucial component of the industry. However, inefficiencies in transportation and inventory management contribute to a $130 billion USD annual write-off, with significant environmental impacts. mymediset provides a data-driven approach to improve the downstream logistics of medical devices sustainably. The platform considers any sustainability aspects, including environmental, social, and governance (ESG) factors, to ensure the most sustainable decision is made for each downstream logistic process.

Reducing Medical Waste with a Circular Business Model

Single-use devices account for a significant portion of medical waste in the industry. A circular business model helps to reduce waste by designing medical devices for reuse. mymediset manages circular products by providing full inventory visibility in the field, allowing medical device organizations to loan medical device sets.

Reducing Medical Waste by Enabling Full Inventory Visibility

mymediset also reduces medical waste by monitoring expiration dates and ensuring that medical devices are used before their lifespan ends. This not only reduces inventory levels but also has a positive impact on a company’s sustainability performance.

Maximizing Efficiency through mymediset

In addition to promoting sustainability, mymediset also benefits medical device organizations by maximizing efficiency. The platform features seamless management of medical assets, consignment and field inventory, all inside SAP®. mymediset provides full inventory visibility, allowing efficient inventory management to reduce stock-outs, maximize order fulfillment, reduce supply chain costs, and increase revenue.

*Watts et al.: The 2019 report of The Lancet Countdown on health and climate change.

Ready to get started?

Speak with one of our experts to see how mymediset can change your business.

Related articles
From Cost Savings to Increased Efficiency: How Automation is Transforming Field Inventory Management in the Medical Device Industry

From Cost Savings to Increased Efficiency: How Automation is Transforming Field Inventory Management in the Medical Device Industry

Managing field inventory in the medical device industry can feel like a never-ending uphill battle. It's a complex task that requires juggling numerous challenges. From the high costs of carrying inventory and meeting legal requirements to dealing with unreliable data...

mymediset now available for SAP’s industry cloud

mymediset now available for SAP’s industry cloud

We are excited to announce that our turnkey solution, mymediset, is now available for SAP's industry cloud. SAP's industry cloud for the life science industry brings together cloud solutions developed by partners such as BIT Consulting and SAP. This development...

Book a demo with one of our experts

Tell us a little bit about yourself

GDPR