Top 10: Inventory Management Systems

In the healthcare sector, supply chain management is a critical component of patient care.

Inventory management tools are specialised software and hardware ecosystems that are designed to track, monitor and optimise the lifecycle of medical supplies.

This covers high-volume everyday consumables such as gloves and syringes, as well as temperature-sensitive pharmaceuticals.

It uses technologies like barcode scanning, RFID tracking and AI-driven analytics to provide real-time visibility into a healthcare system's inventory.

Healthcare Digital explores 10 of the top inventory management systems used within the healthcare industry.

10. GE HealthCare Encompass / Asset Management

Company: GE HealthCare
CEO: Peter J. Arudini
HQ: Chicago, Illinois, US

GE Healthcare's system uses real-time location systems (RTLS) alongside enterprise software to track mobile medical equipment inventory.

This involves tracking telemetry transmitters, infusion pumps and ventilators across expansive campus hospitals.

It provides clinicians with data to help find equipment and prevent patient delays, saving time that would be spent searching for equipment.

9. BD Pyxis Supply Management & MedStation

Company: Becton, Dickinson and Company
CEO: Tom Polen
HQ: New Jersey, US

BD Pyxis units combine physical automated hardware with intelligent software.

They manage, track and dispense medication and clinical supplies at a nurse's station.

This ensures forensic-level tracking of controlled substances and daily hospital consumables.

The MedStation is an automated medication dispensing system that supports decentralised medication management, helping clinicians safely and efficiently dispense the correct medications at the right time,

8. Henry Schein Inventory Management Solutions

Company: Henry Schein
CEO: Frederick M. Lowery
HQ: Melville, New York, US

Henry Schein's software operates heavily in dental networks, medical clinics and outpatient surgical centres.

It streamlines stock reordering, barcode scanning workflows and vendor-managed inventory tracking.

This helps maximise clinic efficiency for healthcare professionals.

The company helps improve supply chains by conducting regular business reviews to uncover actionable insights and leveraging knowledge for technology changes.

7. Nucleus Inventory Management Solution

Company: Cencora
CEO: Robert Mauch
HQ: Conshohocken, Philadelphia, US

Nucleus is developed by IntrinsiQ Specialty Solutions, which is a Cencora company.

It is engineered for specialty physician practices and clinics.

The solution securely tracks, purchases and managed the dispensing workflows of complex, high-cost specialty medications.

The company offers more than 50 unique reports which are designed to help improve revenue and bring additional value to practices.

6. McKesson Supply Chain Management

Company: McKesson
CEO: Brian S. Tyler
HQ: Irving, Texas, US

This tool is tailored for health systems and pharmacies associated with hospitals, optimising pharmaceutical and medical-surgical stock.

The supply chain management tool focuses on reducing manual tracking, improving spend analytics and securing the drug supply chain.

McKesson has a network of distribution and customer support centres, built with partners, customers and patients in mind.

It aims to accurately and efficiently distribute pharmaceuticals, specialty therapies, medical supplies and equipment.

5. WaveMark Supply Management Solutions

Company: Cardinal Health
CEO: Jason Hollar
HQ: Dublin, Ohio, US

WaveMark is a specialised tool that leverages advanced RFID and barcode technology.

It tracks high-value medical devices, cardiovascular implants and surgical consumables.

It covers the chain from the point a product initially arrives at the stockroom to when it reaches the operating room or point of care.

WaveMark uses predictive modelling and automated inventory management to help teams optimise clinical workflows and support product availability.

4. Microsoft Dynamics 365 Supply Chain Management

Company: Microsoft
CEO: Satya Nadella
HQ: Redmond, Washington, US

Microsoft's platform uses AI-driven demand forecasting to help monitor healthcare warehouse logistics.

It also tracks hospital asset distribution while remaining compliant with healthcare data security standards.

It allows teams to improve forecast accuracy with AI and machine learning models, addressing outlier handling and automating reports.

Using Copilot, it can automate inventory with dynamic stock buffers to refine fulfilment with automated inventory placement.

3. Workday Supply Chain Management for Healthcare

Company: Workday
CEO: Aneel Bhusri
HQ: Pleasanton, California, US

Workday helps unify healthcare inventory management with HR and finance into a single cloud environment.

This allows hospital administrators to track real-time clinical supply utlisation.

It also helps staff optimise spending patterns and manage supplier contracts seamlessly.

Workday automates source-to-pay and mobile inventory processes to help healthcare systems run more efficiently and reduce costs.

Real-time data enables teams to minimise rogue spend, mitigate risk, nurture supplier relationships and improve performance.

2. Infor CloudSuite Healthcare

Company: Infor
CEO: Kevin Samuelson
HQ: New York City, New York, US

Infor CloudSuite is purpose-built for the healthcare industry.

It manages materials, automated stock replenishment and physician preference items (PPI).

It links the supply chain directly to patient clinical records to map exact case costs.

Infor has collaborated with more than 750 healthcare organisations across the US to design solutions that best help professionals in the sector.

Its solutions have helped to save US$1m in freight costs through supply chain optimisation.

1. Oracle Fusion Cloud SCM & NetSuite

Company: Oracle
CEOs: Clay Magourk & Mike Sicilia
HQ: Austin, Texas, US

Oracle's supply chain management solutions provide large health systems with end-to-end visibility.

It helps automate clinical supply replenishment and track multi-location facility inventories.

The platform uses predictive analytics to help prevent stockouts of critical medical equipment.

By providing efficient supply chain and inventory management, Oracle ensures that essential medical supplies, equipment and medications are available when and where they are needed.

It offers real-time tracking and AI to reduce delays, minimise waste and optimise resources, strengthening high-quality patient care and operational resilience.