Tag: HME360
Inventory Management: Embrace the barcode
March 12, 2025John Skoro
Q. How do I simplify serialized inventory?
A. Serialized inventory is common in our industry, but it often proves more complex than it should be. Why is that? Depending on your business model, serialized inventory transactions can account for a significant portion of your company’s reconciliation tasks. While billing system requirements contribute to the complexity, many issues stem from areas we can control—specifically, serial number identification and item location management...
Inventory Management: Reclassify your inventory type
February 11, 2025John Skoro
Q. How should I organize inventory to improve workflow?
A. "Why can't we confirm our orders faster? Or more specifically, why is there no inventory available at my location to confirm my order?"
Sound familiar? Of course, it does. From my own experience and conversations with many providers, these are common frustrations. Believe it or not, sometimes these workflow bottlenecks stem from the way inventory is set up in your billing system. In practice, we typically categorize...
Inventory management: Get a handle on expenses
January 9, 2025John Skoro
Q. What is inventory management and why is it important?
A. Inventory management is the process of overseeing a company’s stock of goods, including ordering, storing and selling products, with the goal of balancing inventory levels to meet customer demand, while avoiding overstock or stockouts. For HME providers, this also includes managing product states, compliance with accreditation and licensing, recalls and billing system inventory rules. Most HME providers use billing systems...