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Managing Consigned Inventory with Siebel Medical Handheld

Medical products companies tend to manage many different products with very complex characteristics and variations. Some of these products are low volume with high costs while others are high volume with low costs. The margin and turn-over rate can also vary widely across these different products. Different products in a company's portfolio may be tracked differently; within the portfolio some products may be serialized, labeled by lot number, or merely labeled by part number. Additionally, some products have a prescribed expiration date based on product testing data that a company submits to the FDA or other regulatory body as part of regulatory submission, while other product do not. An expired product cannot be reworked for reuse, but rather must be discarded and recognized as a loss.

There are 3 task groups for managing cycle count activity and performing cycle counts:

• Performing Cycle Count. You perform cycle count tasks in the Cycle Count views.
• Analyzing Inventory. You analyze inventory tasks in the Inventory views.
• Moving Inventory. You move inventory tasks in the Inventory and Move views.