The visibility and manageability of inventory stock is an important criterion of supply chain. “The essence of inventory management systems is that they automate supply chain so each and every “transaction” within the pipeline is visible and manageable to even the busiest of staff,” says Joe Pleshek, President and CEO, Terso Solutions. Terso integrates Radio Frequency Identification (RFID) technologies into cabinets, refrigerators, freezers and mobile cases to automatically track when an item is removed. These units offer access control as well which identifies who took what and when. The end-user simply presents their access control badge to the unit. If the card’s carrier is authorized to access the enclosure, the lock securing the enclosure is released. The employee may then open the enclosure and remove the required drugs, equipment, or other supplies stored within. Each item has a RFID tag attached to it and the unique serial number of the tag is associated to that specific product including lot number and expiry date. Once the door closes, a RFID scan identifies the products that have been removed or added. This “event” information is then used to generate replenishment orders, in order to maintain optimal inventory levels of the goods within the enclosure.
Terso's RFID storage solutions integrate RFID enabled enclosures with global inventory visibility and 24/7 proactive support to effectively monitor product inventory
Highlighting a typical case, a leading dental implant company was in need of an implant-tracking module that enabled them to offer consignment inventory and records lot and serial number information for each implant in accordance with Food and Drug Administration (FDA) requirements. Working alongside Terso, the client integrated Terso’s RFID enabled cabinets with a robust web-based procurement application that automates and integrates the requisition and approval process, including purchase rules, approval gate-keeping solutions that are hospital specific.
As the pressure to improve the effectiveness and efficiency of our healthcare system increases, the need for RFID technologies across the value chain between providers and suppliers is also on the rise. “Terso is investing heavily in new product innovations to lower RFID infrastructure costs and enable valuable inventory data to be used in a proactive way,” concludes Pleshek.