SOURCE: Infor

Infor

June 02, 2016 09:00 ET

Infor Inventory Intelligence for Healthcare Now Available

New Application With Science-Based Insights Delivers Consumable, Actionable Insights Into Inventory Levels

NEW YORK, NY--(Marketwired - June 02, 2016) - Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud, today announced the availability of Infor Inventory Intelligence for Healthcare, a new application that delivers consumable, actionable insights into inventory levels. Developed by the Infor Dynamic Science Labs team, an internal think tank formed to drive the next generation of enterprise software that is smart, self-learning, and focused on the future, this tool leverages science based recommendations to maintain optimized stock levels based on different needs of a hospital's floor, care units, and patients. With Infor Inventory Intelligence for Healthcare users can go beyond collecting, reporting, and distributing information about inventory levels and needs to anticipating problems and responding with solutions.

Successful organizations understand that delivering high-levels of patient care means always having the right inventory in the right location, and that excess inventory isn't healthy for the bottom line. Infor Inventory Intelligence for Healthcare delivers the data and tools needed to use science-driven replenishment parameters, to help ensure that supply levels are always where they need to be. The application incorporates algorithms that leverage order and transaction history to actively and intelligently maintain the stock in stockrooms, which will minimize stock outs and have needed items on hand, while increasing bottom-line savings by reducing overstocked items. If an organization is under-stocked, however, Infor Inventory Intelligence for Healthcare will increase inventory to reduce stock outs, preventing future negative events from occurring.

Organizations can also routinely update parameters, which means inventory levels are adjusted over time in response to recent changes in data and new trends. And, Infor Inventory Intelligence for Healthcare incorporates rules in order to ensure these changes will make sense to inventory coordinators without disrupting caregivers.

"Successful healthcare organizations understand that in order to increase profitability, steps need to be taken to better handle inventory management," said Mike Poling, senior vice president and general manager, Infor Healthcare. "There is no one-size-fits-all approach to inventory management, and it's important to partner with an organization that is specialized, understands market trends and fluctuations, and is innovative enough to harness the mass amounts of data available today in intelligent ways to use it for making better, faster decisions tomorrow."

For more information visit http://www.infor.com/industries/healthcare/.

About Infor
Infor builds beautiful business applications with last mile functionality and scientific insights for select industries delivered as a cloud service. With 14,000 employees and customers in more than 200 countries and territories, Infor automates critical processes for industries including healthcare, manufacturing, fashion, wholesale distribution, hospitality, retail, and public sector. Infor software helps eliminate the need for costly customization through embedded deep industry domain expertise. Headquartered in New York City, Infor is also home to one of the largest creative agencies in Manhattan, Hook & Loop, focused on delivering a user experience that is fun and engaging. Infor deploys its cloud applications primarily on the Amazon Web Services cloud and open source platforms. To learn more about Infor, please visit www.infor.com.

Infor customers include:

  • 18 of the top 20 aerospace companies
  • 10 of the top 10 high tech companies
  • 10 of the top 10 pharmaceutical companies
  • 21 of the 25 largest U.S. healthcare delivery networks
  • 18 of the 20 largest U.S. cities
  • 20 of the top 20 automotive suppliers
  • 17 of the top 20 industrial distributors
  • 15 of the top 20 global retailers
  • 4 of the top 5 brewers
  • 21 of the top 30 global banks
  • 6 of the 10 largest global hotel brands
  • 6 of the top 10 global luxury brands

This announcement reflects the direction Infor may take with regard to the specific product(s) described herein, all of which is subject to change by Infor in its sole discretion, with or without notice to you. This announcement is not a commitment to you in any way and you should not rely on this document or any of its content in making any decision. Infor is not committing to develop or deliver any specified enhancement, upgrade, product or functionality, even if such is described in this announcement and even if such description is accompanied by words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "predict," "should," "will," and/or similar expressions. Many factors can affect Infor's product development plans and the nature, content and timing of future product releases, all of which remain in the sole discretion of Infor. This announcement, in whole or in part, may not be incorporated into any contractual agreement with Infor or its subsidiaries or affiliates. Infor expressly disclaims any liability with respect to this announcement.

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