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Velocity has joined forces with SMADE smart tracking solutions to provide orthopedic OEMs with optimized visibility on asset location and activity. The partnership aims to optimize asset tracking and inventory management for surgical trays by embedding SMADE trackers into Velocity cases and trays. The Velocity and SMADE collaboration aims to improve service and drive efficiency in the supply chain by providing Velocity’s customers with real- time field data, enabling them to make informed decisions and ensure the safety of medical devices.
With Velocity’s solutions powered by SMADE, OEMs can accelerate their digital transformation and take advantage of field data to automate many of the manual processes involved in tracking, controlling and managing medical devices. The SMADE user-friendly data analytics platform, S-HUB, is used to provide accurate field data in real-time to enable Velocity’s customers to make more informed decisions and focus on more value-adding tasks.
SMADE trackers can be embedded in any assets to keep track of surgical instruments, trays, totes or containers at all times and provide customers with a clear vision of what’s happening in the field, from the moment they leave the warehouse until they reach their final destination. SMADE location trackers have long-life batteries to send field data directly to S-HUB.
The use of real-time field data will support several teams, including quality, sales, logistics, marketing, R&D, OPS and financial. By providing actionable insights that are not human-dependent, Velocity’s customers can contribute to business efficiency while improving their job satisfaction. Smart tracking will also help to allocate assets where needed, anticipate any rise in demand, ensure better service and more effective product launches.
David Ryan, SMADE CEO, said, “Our asset tracking solution and real-time field data capabilities provide the keys to revolutionizing the way medical devices are delivered, and we’re excited to work together towards this objective. This partnership is proof of our commitment to building a more reliable and sustainable healthcare system, and we’re eager to see the impact we can make together.”
Velocity CEO Robert Baker said, “With our solutions powered by SMADE, we can help OEMs optimize inventory levels, simplify their supply chain, and ensure critical medical supplies and equipment are more efficiently utilized. This collaboration not only enables OEMs to improve service, but also helps them grow faster and with less cost.”
Source: Velocity
