Improved efficiency and accuracy in inventory tracking
We have partnered with a major public hospital in Hong Kong’s Eastern District to revolutionize their inventory management system, addressing critical challenges in supply chain efficiency and patient care quality.
Challenges
The hospital’s manual inventory system created significant inefficiencies. Staff struggled with time-consuming stock counting, frequent recording errors, and difficulties in locating items quickly. Without real-time tracking, the hospital experienced stockouts and expired inventory issues. Annual reviews were inadequate for maintaining optimal stock levels and preventing product expiration.
Solutions
Million Tech’s RFID Inventory Management System (Inventick) provides comprehensive automation with RFID tagging, real-time tracking, handheld terminals for rapid item location, and smart alerts for low stock and expiry dates. The integrated dashboard enables real-time inventory oversight and performance monitoring.
Values created
The RFID system has dramatically improved inventory efficiency, enabling staff to focus on patient care. Quarterly stocktaking now takes 4 hours instead of 5 days. Item searching time reduced from 15 minutes to 1.5 minutes. Error rates dropped from 12% to 0.5%, while inventory accuracy rose from 75% to 99.9%. Stock wastage due to expiry decreased by 85%. These improvements have significantly reduced administrative burden, allowing healthcare professionals to dedicate more time to patient care.
Inventick is an advanced hospital inventory management system in Hong Kong, utilizing cutting-edge RFID technology. Designed to help hospitals efficiently track medical supplies, it offers real-time scanning to minimize errors and save valuable time. Features like instant search, automatic alerts for low stock and expiring items, and fast stocktaking ensure organized and efficient inventory management. With easy reporting and reliable control, Inventick stands out as a smart solution for RFID-based hospital inventory. Million Tech, a leading RFID solution provider with over 25 years of experience, has successfully delivered projects such as RFID smart libraries, medical consumables inventory management systems, and asset management solutions.
