Breaking Down the Different Types of Medical Inventory
Effective Inventory Management Starts with Getting Familiar with Your Items
With our Healthcare Inventory Management System, tracking specialized inventory and medical devices is easy. Our software can handle all inventory types, whether it is medication, vaccines, durable medical equipment, raw materials, and more.
To make it easier for our customers to organize their inventory, we classify inventory items into five common categories; standard, serialized, serialized with quantity, batch/lot, and non-inventory items. Each of these has different inventory tracking requirements and safety procedures that must be considered. Our system is designed to account for specialized needs, with configurable features to help you.
Manage All Types of Medical Inventory
We can address everything you need, just ask us!
Our Inventory Management System for the Healthcare Industry manages it all from chemicals, medical devices parts, biotechnology research materials and more! Our powerful systems can measure and keep track of to be able to measure different inventory levels no matter the type of inventory you manage so you know exactly when to order more items.
We’ve defined and explained the different categories of inventory for you below. If you need further clarification or assistance, we’re always here to help. Feel free to contact our support or sales team and we will help you find what you need.
The 5 Inventory Types Explained
Defining the inventory categories in our system for you
We categorized different inventory types that we can help you manage to make it easier to organize inventory items. Having these categories also helps standardize your operating procedures, with clearly defined inventory management parameters for your staff. Here are the categories that are used in our software:
Standard Inventory
This type of inventory item does not need to be tracked by lot, batch, or serial number. A few examples of Standard Inventory that our inventory system manages include Personal Protective Equipment (PPE) like masks, surgical gowns, gloves, and more, as well as medical supplies like Band-Aids, cotton, bandages, syringes and other items like these.
Serialized Inventory
Serialized Inventory refers to items that have a unique identifier or serial number attached to it. Some examples of serialized inventory that our system helps manage include appliances or electronics like EKG machines and other medical devices used in patient treatments. For lab settings, this could apply to items like microscopes and other laboratory equipment.
Serialized Inventory with Quantity
This category includes Inventory items that are released in varying quantities and have a serial number attached. A few examples of Serialized Inventory with Quantity that our software helps manage in the healthcare industry include laboratory samples, medical implants, certain medications, or chemical drums.
Batch/Lot Inventory
These items are produced in batches and often have an expiration date that needs to be monitored. Our system makes it easy to track items like this even after it’s left your facility. This is handy in the event that recalls have to be issued. Some examples of items that would have expiration dates are food, chemicals, or medical supplies.
Non-Inventory Items
This category refers to inventory items that aren’t merchandise but are still billable. In other words, non-inventory is meant for non-physical items like service fees. If your inventory doesn’t fit into any of the other categories, they probably fit in this one.
Configurable Reports at Your Service
Customizable data fields and reports for easy analysis
With our advanced inventory management software, you can configure data fields according to your inventory tracking needs. After setting that up, generating reports and analytics on your inventory levels, trends and forecasts will be a piece of cake. That means that you won’t have to jump through hoops to decipher insights from your inventory data.
Additionally, our fully configurable system lets you customize your dashboard to see the most important information at a glance. This helps streamline your workflows so you can quickly navigate to crucial reports in the system.
