5 Reasons Why Stock Control Systems are a Must for Your Pharmacy

Technology is helping Pharmacists across the globe to adapt to the changing needs of their patients and the industry. Technological tools are helping us to stay connected in new ways and work like never before.

As Pharmacies continue to operate and grow, a simple intuitive stock control system is a must for your Pharmacy. Production facilities, warehouses, and distribution centers are embracing the latest technology to improve efficiency and productivity.

With the increase in growth, high quantities of products, and shipments from across the world, having strong inventory control is a fundamental part of the success of your Pharmacy. By adopting a cloud-based solution like NodensHealth, Pharmacists can increase accuracy and improve Patient care.

It is critical for Pharmacists to understand the importance of stock control. The inventory in warehouses and distribution centers should be treated as healthcare and profits sitting on shelves.

The longer the products stay on shelves, the more resources it takes away from warehouses in terms of management, handling, and storage space. Having a stock-control system gives you real-time visibility and analysis that enables your Pharmacy to maximize efficiency.

Benefits of an Inventory Control Program

1. Effective Stock Management

Stock management is an essential component for successful Pharmacy Management.

With stock management software that delivers real-time visibility, Pharmacy staff will be able to set up alerts that will automatically alert you should inventory dips below a certain point. This would then prompt the restocking process and minimize the risk of warehouses experiencing stock-outs.

By keeping a proactive approach to stock levels, your Pharmacy has the opportunity to significantly increase scaled services through a mix of real-time visibility and automation.

2. Improved Accuracy

It’s scientifically proven that there is a direct correlation between the level of visible information and the number of inventory errors. With NodensHealth, Pharmacists have been able to increase their inventory accuracy far beyond the reach of traditional, paper-based systems.

The reduction of errors can lead to significant time and cost savings for Pharmacies, which translates into more opportunities for growth. Maintaining a high level of inventory accuracy additionally supports your Pharmacies efficiency.

3. Flexibility

A core benefit of a robust inventory control software is the flexibility it allows, Pharmacists can use this technology to enhance broader operations including Patient Services. For example,

NodensHealth cloud-based solution that makes it easy to integrate with your current systems. Embracing this integrated approach means your Pharmacy can boost productivity, increase profit margins, and improve patient satisfaction.

Accurate inventory leads to faster order fulfillment and delivery, which means a less stressful workspace and more happy patients.

4. Analytics

A critical aspect of inventory control software is analytical capabilities. By receiving the data as they come in and imputing it automatically into the NodensHealth system, you can track and monitor inventory levels at all times.

Bonus of great inventory is that it helps your Pharmacy staff to identify trends and seasonal patterns for patients and healthcare needs.

The ultimate result of great inventory control in ensuring the satisfaction of the end-user. With a reduction in stock-outs and accurate order fulfillment, Pharmacists have the opportunity to build their reputation and customer loyalty.

5. Automation Workflows

Through the blend of automation, real-time visibility, and an organized system, Pharmacies will be able to reduce the time it takes to get the products to customers with maximum efficiency. With NodensHealth Rx Processing our OCR application detects your patient’s information and linked the Rx to the patient file.

Once you determine the threshold of automation of your Rx processing, you can select a variety of steps within the NodensHealth workflow that you want to review.

The ultimate result of great inventory control in ensuring the satisfaction of the end-user. With a reduction in stock-outs and accurate order fulfillment, Pharmacists have the opportunity to build their reputation and customer loyalty.