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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...

HME360, Home Medical Equipment (HME), Inventory management, John Skoro