At Supplylogix, we embrace our role as part of a larger narrative, one where technology meets the human side of pharmacy. Our innovative solutions, like Pinpoint Transfer, exemplify our commitment to advancing pharmacy operations into the future. This case study explores how Pinpoint Transfer, with its blend of cutting-edge technology and human-centric design, is helping to modernize pharmaceutical inventory management.
Pharmacies face many challenges in managing inventory efficiently while maintaining optimal patient service levels. Excess inventory costs, inefficient product movement, and suboptimal pharmacy performance are just some of the hurdles they encounter. Traditional inventory management systems often fall short of addressing these complex issues.
Pinpoint Transfer offers a range of features and benefits designed to address the specific needs of pharmacies:
1. Identify Logical Product Redistribution Transfers: Our sophisticated algorithm identifies logical product redistribution opportunities across your organization, helping accelerate product utilization while minimizing excess inventory.
2. Accelerate Inventory Movement: Pinpoint Transfer helps facilitate the movement of unproductive inventory, optimize logistics costs, maximize sell-through, and improve overall efficiency.
3. Efficiently Manage Non-Productive Inventory: Pharmacies can easily locate and move non-productive inventory, reducing waste, maximizing product usage, and minimizing returns.
4. Optimize Inventory Management: Pinpoint Performance, our Pinpoint Transfer analytics dashboard, can provide additional actionable insights and data-driven recommendations that help empower pharmacies to optimize inventory processes, reducing costs and increasing profitability.
Supplylogix’s Pinpoint Transfer offers seamless integration into pharmacy management systems and empowers pharmacies to help streamline inventory processes and profitability. This solution embodies our commitment to advancing pharmacy operations through innovative technology and end-to-end solutions.
The impact of Pinpoint Transfer on pharmacy operations include:
• High sell-through rate:
Pharmacies using Pinpoint Transfer have achieved an average sell-through rate of 90% during post-implementation, significantly enhancing profitability.
• Substantial inventory transfers:
The software has facilitated over $167 million annually in inventory transfers, reducing unsalable returns and shrinking inventory by approximately 25% within the first two years.
• Cost savings:
Pharmacies leveraging Pinpoint Transfer have realized substantial cost savings, with an average of $14 million saved on the cost of goods for national retail accounts and $5 million for health systems. These savings are a testament to the efficiency and effectiveness of Pinpoint Transfer in optimizing pharmacy inventory management processes.
Supplylogix’s Pinpoint Transfer embodies our commitment to advancing pharmacy operations through innovative technology and user-friendly design. With its proven track record of success and substantial benefits, Pinpoint Transfer is a catalyst for pharmacies seeking to optimize their inventory management practices and enhance overall performance. Contact us today to unlock the full potential of Pinpoint Transfer and take your pharmacy into the future.
Disclaimer: The performance and effectiveness of this software product may vary for each user. Various factors, including but not limited to, the user’s technical environment, hardware specifications, software configuration, user skill level, and adherence to recommended guidelines, can influence individual outcomes. While we strive to provide a high-quality software experience, we cannot guarantee specific results for all users.
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Over 7,500 pharmacies use Supplylogix solutions to get the most complete view of their supply chain. With Supplylogix technology, pharmacy staff and their organization’s leaders can optimize their time, better manage inventory, and improve patient care in every setting.
