Jump Technologies Adds New 2Bin™ Feature To JumpStock™ Inventory Management Solution for Hospitals 

Eagan, MN – September 22, 2014 – Jump Technologies®, an innovative software company that provides cloud-based mobile solutions for inventory management in hospitals, today announced JumpStock™ can now be used with a two-bin approach to supply management, reducing the time nurses spend locating and scanning supplies, reducing stock-outs, and significantly increasing nursing satisfaction. By implementing the 2Bin™ feature with the JumpStock solution, hospitals can also reduce the cost of overstocked inventory, increase visibility to supply data, and drive greater accuracy of product velocity reporting.

Also known as Kanban, two-bin systems have been proven by LEAN manufacturing processes to be extremely effective at managing highly consumable items stocked at low units of measure (often “eaches”). JumpStock’s new 2Bin feature eliminates the need for clinicians to record items being pulled from inventory. The 2Bin approach is based on a very simple concept: each item in a hospital’s inventory is placed in two separate bins, placed end to end on a shelf. The two bins combined contain the total amount of inventory required for the days of supply a department or unit plans to keep on hand. Throughout the day, staff members take what they need from the bins. When a bin is emptied it is placed on the top shelf and the next bin is pulled forward.

At specified times, supply technicians scan the barcodes on the empty bins using a compact “key-fob” scanner or the JumpStock mobile application, which can be used on any Apple or Android device. JumpStock will automatically calculate the order to refill the empty bins based on reorder levels an organization has established in the system. With JumpStock's open platform, orders are submitted directly to a hospital’s vendors, the materials or ERP system, or any other preferred ordering system. When an order arrives, the supply technician simply refills the bins and scans any remaining empty bins.

JumpStock automatically monitors consumption of supplies and provides recommended reorder quantities based on the velocity of the items through the system and the days of supply an area of the hospital plans to keep on hand. (Click this link for a brief video overview of JumpStock’s 2Bin feature: https://www.youtube.com/watch?v=UCtQIgNA8BI.)

Because the system reduces the time nurses spend managing supplies and helps reduce stock-outs, clinicians have been highly satisfied with the approach. WhProven inventory management approach significantly increases nursing staff satisfaction, drives reductions in supply and labor costs, and provides accurate velocity reportingen the JumpStock 2Bin feature was implemented at Penn State Hershey Medical Center, Supply Chain Director Matt Brennan reported a significant improvement in nursing satisfaction. “When we conducted a survey of our nursing staff, we had just over 200 nurses in our emergency department. There was a 90-percent dissatisfaction rate with the previous inventory management system. After we began using JumpStock and its 2Bin method for recording inventory transactions, we were able to completely turn the tables and jumped to a 92 percent satisfaction rate. The nurses love it.”

“We’re focused on building solutions that to save hospitals money by simplifying and improving inventory management,” said John Freund, CEO, Jump Technologies. “We’re delivering cloud-based solutions that are quickly and easily implemented by hospitals. Our primary goal is to reduce costs. To do this, we’re bringing better visibility to inventory; creating ways to easily and automatically record all supply transactions; reducing the time staff members, including clinicians, spend managing supplies; and finally, capturing data to create visibility to the long-term information needed to build understanding of cost, quality and outcomes.”

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About Jump Technologies, Inc.
JumpTech is the first provider of cloud-based inventory management solutions for hospitals, which 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 staff time. For more information about Jump Technologies and its products, visit www.jumptech.com or call (888) 373-7226. Follow the company on Twitter @JumpTechNews and on Google+ at google.com/+JumptechInc.