Reconciled
Variances
Coverage
Nationwide
Losses and variances
Identified
A leading global provider of high-quality, orthopedic devices, with a broad range of products used for rehabilitation, pain management and physical therapy required the support of RGIS. The customer develops, manufactures and distributes a broad range of surgical reconstructive implant products with the main focus on quality, innovation and customer service within an extensive distribution network.
THE CHALLENGE
An orthopedic device provider had encountered inventory inconsistencies, issues with shrinkage and stock surplus, so needed to know where the product was physically located during the sales cycle. Inventory tracking issues reduced product availability for customers, and increased operational costs.
The orthopedic device provider required RGIS to provide the following:
- Experience within a healthcare environment
- To identify where each product was physically located during the sales cycle
- Inventory to include the high volume of stock that were deployed in the field and constantly in motion
Sectors
Why RGIS?
Customers choose RGIS for inventory tracking during stock surplus because our accurate, independent verification quickly identifies overstocks, pinpoints discrepancies, and restores control so businesses can make informed, efficient decisions.
Our Solutions
The orthopedic device provider partnered with RGIS to complete the inventory tracking project, and provided the following:
The RGIS scheduling team coordinated events directly with field representatives
Inventory counts were completed by experienced RGIS auditors at each of the field representatives’ locations
Any variances with expected stock numbers were reconciled on-site
Reporting was completed by location and by product item
Results
The orthopedic device provider found by outsourcing the inventory tracking project to RGIS, the following results were achieved:
Reduced the amount of reconciliation time needed by the customer’s home office
Large product surplus were now quickly identified
High and low volume areas can be calculated easily
Conclusion
RGIS continue to support the orthopedic device provider by identifying losses and variances.
