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Inventory Optimization

Average inventory reductions of 17-48% in the first year.

Inventory reduction graphic

The Inventory Optimization solution provides consulting, as well as project and ongoing support, to devise, implement and maintain a purchasing and inventory management program that reduces touch points, controls inventory costs and reduces waste.

Achieving this objective requires a dynamic system that adjusts inventory levels based on patient demand, changes to formulary and packaging specification requirements, as well as efficient synchronization of daily ordering, receiving, verifying and payment procedures. Our full-time staff of experts is dedicated to researching and developing best practice strategies to support purchasing and inventory logistics management.

Key benefits:

  • Improve cash flow
  • Reduce pharmacy time spent managing purchasing and inventory functions
  • Improve visibility to inventory management performance
  • Educate the buyer on the financial impact of purchasing and inventory management
  • Decrease expired medication waste

$859,086 in increased cash flow

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Pharmacy eAssessment

See how you can transform your pharmacy into a strategic asset