Hyper Velocity Product Development Assignment

Problem Statement :

The client, a hospital chain consisting of 6000 hospitals, is currently grappling with significant
challenges in inventory management. The existing system poses several issues that hinder
efficient operations and patient care.

Firstly, nurses spend excessive time navigating the storage rooms to locate specific medicines
required for patients awaiting surgery in the operating room.

Secondly, the transportation of medicines from the storage room to the operation theater is time-
consuming and inefficient.

Thirdly, the manual scanning of each medicine during the checkout process proves to be a time-
intensive task.

Additionally, nurses lack real-time visibility of the availability of items in the storage room until
after they have physically checked.

Lastly, the presence of multiple storage rooms across each hospital leads to a laborious and
manual search process, as nurses must individually check each room to locate the required
medicine.

These challenges collectively demand an improved inventory management solution that

addresses these issues and streamlines the process, ultimately optimizing patient care and
operational efficiency.

Expected Solution:

Write your Vision Statement here : You Should follow SMART

(Simple|Measurable|Accountable|Realistic|Time bound) principle and No long solution is
required.

● The vision statement for the improved inventory management solution could be:” To
implement a smart and efficient inventory management system that reduces the
time spent on locating medicines, and our product will deliver a significant
percentage improvement within 50% in 6 months by optimizing inventory
management, streamlining the process, and ultimately enhancing patient care and
operational efficiency.”
Day 1 Customer for the Product: fyi, These are the end users who uses our product.
● Nurses (Hospital staff)
● Inventory Managers

Wow Factors (Maximum 1/2 only):

The WOW factor is the key feature that will help your product leap toward your business’s vision
statement. Your Day 1 customer should say "Wow!" when they try it the first time.

#1. The WOW factor for the solution could be the implementation of RFID technology for real-time
tracking of medicines, automated inventory monitoring, and smart storage solutions to reduce manual
search efforts and streamline the checkout process.
#2.

Deal Breakers (Maximum 5 only):

This is the bare minimum expected from the product. If the product does not have this feature,
customers will not purchase. Do the bare minimum required when it comes to deal breaker
features.

#1. RFID technology for real-time inventory tracking.

#2. Centralized system for inventory management across all storage rooms.

#3. Automated checkout process for medicines.

#4. Mobile application for nurses to check inventory status and locate medicines.
#5. Integration with hospital’s existing electronic health record system.

Your Personal Professional Short-Term Goals:

To successfully lead the implementation of the improved inventory management solution within the
hospital chain, ensuring smooth transition and adoption by the staff.

Your Personal Long-Term Goals (5-7 years):

To become a recognized leader in healthcare technology and innovation, driving impactful changes in
the healthcare industry through efficient and effective solutions.