The healthcare and life science industries are on the brink of a transformative change in consignment inventory management. Earlier this year, we announced the incredible partnership between mymediset and Terso Solutions, providing a revolutionary supply chain platform for live consignment tracking and automation. This platform combines mymediset’s cloud-based SAP automation solutions and Terso’s RAIN RFID enclosures (cabinets, freezers, refrigerators) to provide real-time visibility and control of consigned products in the life sciences industries, such as medical devices, loaner kits, and pharmaceuticals.
See mymediset LiveSync and Terso Solutions in Action
We understand that seeing is believing, especially when it comes to groundbreaking technology. As the platform is now available, we’re offering qualified candidates the opportunity to experience mymediset LiveSync firsthand through a complimentary live virtual studio demonstration.
This hands-on experience allows you to:
- Witness real-time inventory tracking
- Explore the user interface and reporting capabilities
- Understand how the system integrates with SAP
- See how RFID technology automates inventory management
The Power of mymediset LiveSync
mymediset LiveSync represents a significant leap forward in consignment inventory management. By combining mymediset’s cloud-based SAP automation solutions with Terso’s RAIN RFID technology, we’ve created a platform that offers key features and benefits for companies that operate in the medical device, pharmaceutical, and healthcare supply chain industries.
Key Features
- Real-time tracking: Advanced Smart IoT technology, such as RFID, enables instant location and status updates for all consigned inventory
- Automated consignment management: Smart algorithms streamline the entire process from consumption to invoicing, improving efficiency, and avoiding manual intervention.
- Comprehensive visibility: Connect manufacturers, distributors, and healthcare providers in a unified ecosystem, offering unprecedented transparency.
- Intelligent inventory optimization with advanced analytics: Proactive analytics help optimize stock levels, reduce excess stock, minimize waste, and ensure critical supplies are available when needed.
- SAP Clean Core cloud-based solution: Offers a scalable and accessible platform that integrates seamlessly with existing SAP ERP systems following SAP’s Clean Core Concept.
- Smart IoT and RFID Solutions: Automatically track inventory levels and usage, providing real-time updates, avoiding manual scanning, counting, data entry and errors. Facilitates seamless communication between devices and systems, ensuring data accuracy and accessibility.
- Centralized Dashboard: Single interface for monitoring and managing all inventory activities anytime, anywhere.
- Keeps Everyone Connected: Provides users with actionable insights and reports on inventory status, consumption, expiration and replenishment.
Key Benefits
- Significant Cost Reduction: Achieves substantial savings in inventory costs
by optimizing inventory levels and reducing consigned inventory by more than 75% - Worldwide Real-Time Visibility and Transparency: Ensures accurate and immediate visibility of inventory status, minimizing the risk of overstocking and stockouts.
- Fully Automated Real-Time Cycle Counts with Zero Manual Intervention: Eliminates the need for manual scanning and counting
- Enhanced Compliance and Assurance of Product Integrity: Offers traceability, reducing the risk of human error and ensuring accurate reporting.
- Minimized Waste: Promotes sustainable practices by minimizing waste through precise inventory control and reducing the environmental impact of overproduction and unnecessary shipments.
- Improved Patient Care for Healthcare Companies: Ensures timely availability of medical equipment and supplies, directly impacting patient outcomes. Real-time data access supports rapid decision-making and enhanced patient care.
- Boosted Sales and Enhanced Cash Flow: Empowers suppliers to drive sales, improve cash flow, and elevate customer satisfaction by ensuring the right products are available at the right time and place.
Taking the Next Step
Now is the perfect time to get a sneak peek at the future of consignment inventory management. We invite you to experience mymediset LiveSync and see how it can transform your operations by contacting us today for a complimentary assessment.
To get started, visit our website mymediset.net/livesync. Experience firsthand how mymediset LiveSync can transform your inventory management!
About mymediset
mymediset is the leading provider of cloud-based automation solutions for the medical device industry that specializes in managing complex loan, consignment, and field inventory processes inside SAP®. mymediset offers a platform that connects medical device and pharma manufacturers, distributors, hospitals, and clinics, and enables them to manage and track their consigned inventory in real-time. mymediset helps its customers reduce costs, increase sales, and optimize inventory levels, while ensuring compliance and patient safety.
About Terso Solutions, Inc.
Terso Solutions, Inc. is the leading provider of automated inventory management solutions for tracking high-value medical and scientific products in healthcare and life science. Terso is backed by over 19 years of RFID product development and implementation experience, with a product line that includes RAIN RFID cabinets, refrigerators, freezers (-86°C to -5°C), read points, mobile solutions, and rooms. Terso has deployed over 3,500 RAIN RFID-enabled devices worldwide and provides inventory automation at over 1,000 U.S. healthcare facilities. Headquartered in Madison, WI, with an additional office in Walldorf, Germany, Terso Solutions, Inc. is a wholly owned subsidiary of the Promega Corporation.
