SOURCE: Jump Technologies, Inc.

Jump Technologies, Inc.

June 04, 2015 09:00 ET

Supply & Demand Chain Executive Selects Penn State Milton S. Hershey Medical Center and Jump Technologies for "100 Great Supply Chain Projects"

Award Honors Organizations Achieving Cost Reductions and Increased Efficiencies Through Supply Chain Excellence

EAGAN, MN--(Marketwired - June 04, 2015) - A collaborative effort between Penn State Milton S. Hershey Medical Center and Jump Technologies, Inc., an innovative software company that provides cloud-based mobile solutions for inventory management in hospitals, has been selected by Supply & Demand Chain Executive as one of its 2015 100 Great Supply Chain Projects. The award honors supply chain solution and service providers helping their customers and clients achieve supply chain excellence, producing measureable gains in ROI through cost-cutting and increased efficiency.

In 2014, the Emergency Department (ED) at Penn State Hershey had a challenge with supply management. Using a cabinet-based, point-of-use dispensing system for inventory, ED nurses were dissatisfied with the time required to obtain supplies they needed to treat patients in a busy environment where time is critical. Nurses were spending valuable time verifying their identity and patient information, even for very low-cost disposable supplies. In studying this process, the "per-pull" time commitment quickly added up. The process took an average of 3-4 minutes per pull if all steps were followed, and because this didn't work well in a busy ED, the nurses found ways to work around the system, which led to other supply chain problems.

When the nursing and supply chain leaders decided to team together in a Kaizen process to invent and implement a new supply management system, nursing satisfaction was at 90% dissatisfied with the old system. The team determined that a two-bin system would best meet the needs of their busy environment.

Once the decision was made to implement a two-bin approach to supply management, the team selected JumpStock™ cloud-based inventory management from Jump Technologies to provide the technical infrastructure in support of the business processes. With low initial and continuing costs of JumpStock, the medical center was able to save hundreds of thousands of dollars while improving efficiency and reducing the time clinical staff and supply chain employees spent dealing with inventory. Also critical to the success of this project was satisfaction of the ED nurses, which rose from 10 percent with the previous system to 92 percent after implementing the JumpStock with 2Bin approach.

Overall, the Penn State Hershey Medical Center realized four major areas of benefit:

  1. A continuing reduction in inventory and technology costs
  2. Better matching of stock levels to actual consumption with a major reduction of stock-outs
  3. A significant increase in nursing satisfaction
  4. An overall simplification of supply chain management efforts

"There are two ways we saved with this project," said Matt Brennan, Director of Supply & Logistics, Penn State Hershey Medical Center. "One was by significantly reducing our lease expense by removing most of the point-of-use dispensing machines. The second was that it gave me the control to look at my line charges and say, 'I can afford to double my PAR, because this item isn't too big and it isn't too expensive.' This approach has cut line charges from my distributors by 40%."

"We're committed to helping provider organizations leverage new technology to improve their business processes and reduce costs," said John Freund, CEO, Jump Technologies. "This collaborative project changed the business process being used in the ED at Penn State Hershey and allowed them to take advantage of a proven best-practice with two-bin supply management. We're pleased to have been their partner in using technology to make this transition."

About Jump Technologies, Inc.
JumpTech is the first provider of cloud-based inventory management solutions for hospitals and healthcare organizations that are easy to implement, adopt and manage, using mobile devices such as tablets and smart phones. Eliminating extensive investments in hardware, implementation time and training, solutions from JumpTech are guaranteed to deliver immediate return on investment. Easy-to-use interfaces and accurate, timely reports help drive compliance, reduce training, save hard dollars and reduce labor. For more information, visit www.jumptech.com or call (888) 373-7226. Follow the company on LinkedIn, Twitter @JumpTechNews and on Google+ at google.com/+JumptechInc.