The objective of pharmaceutical wholesalers is straightforward. It is to supply prescription medicines to pharmacies reliably, securely, and on time. Easier said than done. The process is very complex. The supply chain requires effective management to ensure the smooth delivery of medicines. The end result of which is better public health.
Hiccups in the distribution network negatively impact not only the company’s reputation but also community health. The healing process of people gets stifled by discrepancies such as poor management of inventory, logistics, and security. A strategic approach to managing daily distribution activities enables distributors to overcome such challenges.
Before dispatching from wholesalers, medicines go through several stages of processing. They include warehousing, packaging, labeling, and finally, transportation. Streamlining all of these activities and managing them from a single location is critical. Tools like spreadsheet software or paper-based methods fail to meet those criteria. They are a significant root cause for bottlenecks in the supply chain network as they don’t provide real-time visibility into everyday operations. They open up a lot of room for disruptions to occur.
Managing and running a wholesale distribution company for pharmacies is a breeze with a pharmacy Point of Sale system. Here are 5 reasons why you need one.
Why invest in pharma software for wholesalers
There are many reasons to implement a pharma software application in your wholesale operations. Let’s take a look at the top five.
While numerous activities take place in your distribution network, being up to date with all of them helps manage the supply chain effectively. Offline management methods only collect operational data at a certain frequency. On the flip side, pharma software for wholesalers tracks data in real-time. As a result, you will know what is available in your inventory, what orders are pending fulfillment, pending payments, the status of deliveries, and more.
Faster and more accurate operations
Various interactions occur between pharmacies and wholesalers. They include requesting quotations, placing orders, requesting returns, and invoices. Without a pharma application, it takes human intervention to fulfill all of them. And with human labor, there is a high chance of errors occurring. The slightest inaccuracies in invoices or quotations can hamper customer satisfaction. Pharmacy software systems automate communications and operations between you and your customers. It reduces your expenses, saves time, and facilitates accurate order management.
Medical POS systems are powerful tools to keep track of what is available in your inventory at any given point in time. In addition to that, the applications can systematically store crucial details about medical supplies. Information such as manufacture date, expiry date, and batch number of medicines are crucial details. And using a pharma application, retrieving them is as simple as clicking a few buttons. It enables you to make informed decisions for efficient operations.
As a pharma application is put to use, the system collects large volumes of raw data. It then consolidates this data and processes them into meaningful statistical reports. These reports allow you to make data-based decisions that will ensure faster and accurate fulfillment of pharmacy orders.
The reports reveal what medicines are in high demand, what medicines become fast-selling during what time of the year, and more. Consequently, you can minimize wastage of resources. Optimizing your operations for higher returns and customer satisfaction is simple with a pharma app.
Having a well-stocked inventory is crucial to carrying out smooth distribution operations. Sudden surges in demand for specific medicines may leave you unable to fulfill them. Similarly, a sudden dip in demand will result in wastage. Pharma software combats this problem by using AI and ML to predict the future demand for medicines. Regulating your stock according to that will help you prepare for any change in demand.
Pharmacy & healthcare POS is a must-have for any modern wholesale pharmaceutical distributor. If you’re looking to purchase a complete pharma software solution, then get SmartPOS. It offers you several benefits that take your wholesale operations to a whole new level. SmartPOS is user-friendly, comes with the latest industry-leading features, and is cloud-enabled. Reach out to us to learn more.