invenTRAK

A laboratory’s chemical and supply inventory is one of its most significant investments. Yet, managing that inventory efficiently can be a persistent challenge. Labs frequently grapple with a key question: How much inventory is enough to meet immediate demand without overextending budgets or storage space?

The ideal solution lies in maintaining just enough inventory to support normal production cycles—no more, no less—while having full confidence that replenishment will arrive on time and without disruption.

At MG Scientific, we understand the delicate balance between operational readiness and cost control. Our inventory management solutions are designed to help laboratories.

• Reduce excess stock and associated costs
• Maintain uninterrupted workflow
• Gain visibility into usage patterns and restocking needs
• Ensure timely, reliable delivery of critical supplies

Let us help you move from reactive to proactive inventory management—ensuring you have what you need, when you need it.

 

Fully Automated, Bar Code Based Inventory Control Eliminates:

• All paper based system
• Manual transcriptions
• Interpretation and transcription error
• Aggregation and compilation of supply requests

Optimization of Inventory Levels

• Laboratory only maintains enough supply to carry them through a typical production week
• Replenishment of supplies is based solely on usage
• Client specific reserve stock ensures immediate availability of all required products
• Desired inventory levels are set by the client and adjusted based on seasonality
• Preserves company cash otherwise dedicated to the maintenance of inventory, improving cash flow

Less Record Keeping & Increased Accountability

• Weekly report identifying usage by department and end user
• Increased visibility over supply usage at department level, improving cost management
• Weekly, YTD Report for all lot controlled products’
• No more manual tracking of LOT ID’s and product expirations
• MG Scientific works with you to identify areas for streamlining and cost control

Streamlined Delivery

• Supplies replenished same day every week based on client preferred schedule
• 100% delivery guarantee for all storeroom items. No back orders!
• One weekly order, one shipment, one invoice, Significant minimization of paper handling and order tracking
• MG Scientific takes care of all shipping and hazard fee’s for invenTRAK deliveries. The price of the product is all that is charged. No hidden or additional fee’s or surcharges.

Ease of Implementation

• A fully functioning invenTRAK system with all the benefits described above can be implemented in 30 days of notice
• System is designed based on client input
• MG Scientific assembles and organizes storeroom and trains client staff
• MG Scientific is there to receive first inventory shipment and work with staff to organize and facilitate product rotation
• System is easily scalable to add or remove products based on changes in business demand
• Customer fully controls use of system
• Current customer inventory is folded in. No initial investment in inventory to stock up.
• InvenTRAK is a free service. No set up fees, no monthly service fees. Only commitment is for customer to use the inventory it requests to be on hand.