InQ is the Biggest Evolution for Orthopedics Inventory
InQ gives your Sales Team the ability to search and trade the inventory they need. InQ manages your top and bottom line by reducing the need for new equipment and increasing turn rates for existing equipment.
InQ was created by orthopedic and software experts to solve your biggest problem: reducing new inventory needs and increase turn rates of existing field inventory.
Stop Asking Sales Reps to Give up Inventory. Start Asking Them “What Would You Trade to Get What You Need?”
Stop spending your time managing inventory requests from your Sales Reps or Distributors. Give them InQ, the world’s most powerful orthopaedics tool to get what they need, when they need it.
How often do your managers run across these issues:
- Your Sales Rep just won new business and sends the classic email “help, I need 5 new sets for surgeries beginning next week.”
- Your Sales Rep needs $50k of sterile implants (loose goods), and 10 of these are on back order
InQ solves all of these problems in one, easy to use application:
- Your Sales Rep logs into InQ and makes a trade to get 3 sets they need.
- InQ’s powerful artificial intelligence engine identifies 2 sets that are not being used in another territory, automatically alerts the Sales Rep, and suggests an instant trade.
- The Sales Rep goes to InQ’s Loose Goods store and purchases the sterile implants using system credits they were given at the beginning of your fiscal year.
- InQ’s artificial intelligence engine identifies 10 implants on back order that are already in the field, putting underutilized SKU’s to work.
InQ Solves the Biggest Problem in Orthopedics
Every new SKU that is introduced into the field increases your cost of inventory and dilutes your profitability. Prior to InQ, Sales Teams accumulate all the inventory they can for fear of not having what they need. Every Sales Rep needs a way to get what they need without having to beg for more budget.
InQ is NOT an inventory management system. An IMS will tell you where you have too much or too little inventory, but does not allow you to take action. InQ works alongside your IMS to action the infield movement of inventory. By doing so, InQ increases your top line sales revenue by balancing your bottom line profitability.
What is InQ?
The InQ Inventory trading platform takes information from your inventory management system (IMS) and gives Sales Reps the powerful ability to trade inventory within the field. InQ stops your Reps from always needing to request new inventory or loose goods. Instead, they can trade underutilized inventory they have for what they need, and purchase loose goods like sterile implants using credits.
There is no other system that gives your team this powerful technology. An IMS will tell you what you have and where it is, but not tell you its utilization. And your Regional Managers and/or Sales Reps can not see what other territories have.
InQ gives you the ability to manage your top line by reducing inventory spend, and your bottom line by increasing inventory turn rates.
InQ takes 2 pieces of information from your IMS:
– Where inventory in the field is not being used and decreasing revenue
– Where inventory is needed and would result in revenue
InQ trades this inventory amongst the sales team through 3-way trades (like a baseball draft), 2-way trades (a swap), and one-way trades (straight transfer). The trades are balanced through a credit system so the sales team is held accountable for every trade and the value of their inventory.
Beyond Inventory
InQ isn’t just about your inventory. InQ is about what you can do with your inventory. With InQ, you’re redefining how team members think about – and engage with – your most precious asset. Your inventory.
"Purchase" Inventory with Credit
Reps start with a credit balance to “purchase” what they need.
Loose Goods
InQ’s Loose Goods central store has everything the Rep needs for purchase or sell back.
Give to Get
Ask a Sales Rep to give something up. They’ll say no. Ask them “what would you trade to get what you need?” and everything changes.
Trade Inventory with Other Reps
InQ’s Marketplace allows Reps to trade what they are not using in exchange for something they need.
A.I. Powered Matching
InQ’s A.I. powered engine finds matches to trade inventory where it’s needed most.
Trade Sets In-Field or Send to Corporate
Send sets back to corporate at a discounted rate to increase your credit balance.
Contact Us
Ready to unlock the power of your existing inventory with InQ? Contact us and let’s chat!
