Inventory Shrinkage in Controlled Substances
Definition
Ambulance services must log controlled substances with two years of data retention, exposing them to shrinkage risks without digital controls.
Key Findings
- Financial Impact: 1-3% annual inventory value (AUD 10,000+ for mid-size operator)
- Frequency: Ongoing, detected in audits
- Root Cause: Lack of real-time tracking for scheduled medicines
Why This Matters
The Pitch: Ambulance operators in Australia lose 1-3% of drug inventory value annually to shrinkage. Automated tracking prevents unauthorised usage.
Affected Stakeholders
Paramedics, Inventory Clerk, Fleet Supervisors
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
Non-compliance Fines for Controlled Substance Inventory Failures
Manual Compliance Hours for Drug Inventory
Delayed Billing Documentation
STP and Record-Keeping Failures
Manual Dispatch Delays
Delayed Collections & Debt Recovery Costs
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