Aknamed is a cloud-based supply chain platform that enables hospitals in India to optimize procurement and inventory management through real-time order tracking and data analytics. By consolidating vendors and automating processes, Aknamed reduces inventory holding times and enhances compliance, resulting in significant cost savings and improved operational efficiency.
Funding
$8.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Hospitals in India face challenges in managing their supply chains, including a lack of visibility in order tracking, inefficient procurement processes involving multiple vendors, and difficulties in optimizing inventory levels, leading to increased costs and operational inefficiencies. Many hospitals also struggle with purchases made outside of approved formularies and reference catalogs, further complicating cost control and standardization efforts.
Solution
Aknamed offers a cloud-based supply chain platform designed to streamline procurement and optimize inventory management for hospitals in India. The platform consolidates vendors, automates procurement processes, and provides real-time visibility into order tracking and consumption patterns. By implementing Aknamed, hospitals can enforce formulary compliance, reduce inventory holding times, and gain data-driven insights through custom analytics and digital record keeping. This leads to significant cost savings, improved operational efficiency, and better control over the supply chain.
Target Audience
The primary target audience includes hospitals and multi-specialty hospital chains in India seeking to optimize their procurement processes, reduce costs, and improve supply chain efficiency.
Features
- Cloud-based platform for centralized supply chain management
- Real-time order tracking and status updates
- Consolidated product catalog with 45,000+ products
- Vendor consolidation, reducing the number of suppliers
- Custom analytics and reporting for data-backed decision-making
- Digital record keeping and formulary management
- GRN (Goods Received Note) automation to prevent pilferage and leakage
- Integration with existing hospital systems