Order Management Considerations for Pharmaceuticals and Medical Supply

A great level of care must be taken for inventory in the medical supplies and pharmaceutical industries. Pharmaceuticals and medical supplies are essential inventory for millions starting with pharmacies, doctors and finally to the patient. With so many critical pieces in every step of distribution, order management systems must include special capabilities to keep this process free of holdups.

Shortages in medicine not only impact revenue, the impact on patients has to be considered. When pharmacies cannot fulfill prescriptions on-time because of a delayed shipment, a wrench is thrown into their operations wheel - and may leave the pharmacy scrambling to provide for their patients. Planning for and stocking the optimal amount of pharmaceutical inventory ensures no interruption in medicine care provided to the customer, it’s more than just about a good experience.

What should you look for in an order management system to achieve this?

When multiple warehouses, physical distributors of medicine, hospitals and doctors are able to connect and have visibility into their order status, patients are able to get what they need faster. Not knowing where your inventory is and how much is on hand can have devastating results in the healthcare industry.

SkuNexus has functionalities for these important challenges such as:

• Low-stock alerts for reorder forecasting
• Accurate, real-time inventory across the enterprise
• Secure vendor communication and billing portals

With the prevalence of healthcare sales online on the rise, the warehouse must be able to connect orders from multiple channels such as mobile, desktop and in physical locations. A true omnichannel efficient strategy is needed to successfully run a pharmaceutical or medical supply business.