Learn how to drive strategic purchasing decisions in this blog post and why having an advanced technology solution matters.
According to the American Society of Health-System Pharmacists (ASHP)1, the significant surge in active drug shortages, peaking at 301 in the first quarter of 2023, highlights the imminent need to adopt a comprehensive approach to address this critical challenge.
To shield against the impact of shortages, pharmacies must rely on contracts and agreements, while adhering to the Drug Supply Chain Security Act (DSCSA) to secure their operations and ensure patient safety. This blog post will outline the essential strategies for pharmacies to drive purchasing compliance.
Why should you care about purchasing compliance?
Understanding the value of purchasing compliance involves a focus on contracts and agreements. Contracts outline engagement terms, pricing, and sourcing guidelines, demanding meticulous navigation to align with business strategies. Implementing advanced systems like SureCost streamlines oversight, enhancing transparency.
It’s imperative for pharmacies to comprehend agreements for optimized purchasing behavior. Agreements ensure vendor compliance for timely, accurate deliveries, as highlighted by Mark Ey, Vice President of Operations at CARE Pharmacies Inc in our webinar on pharmacy purchasing compliance. Read more >
