Datarithm, CARE Pharmacies partner on inventory optimization solution

SYRACUSE, N.Y. — Datarithm on Wednesday announced their partnership with CARE Pharmacies Cooperative on a cloud-based platform for forecasting, balancing and cycle counting prescription inventory.

 

“Datarithm’s industry leading software will allow CARE Pharmacies to optimize inventory by reducing overstock, providing out of date information, and allowing the pharmacies to move surplus between locations," said Mark Ey, director operations, CARE Pharmacies Cooperative. "Datarithm’s application reinforces CARE’s retail chain structure and will help our pharmacies reduce expenses and improve profits.” 

 

Datarithm specializes in the optimization of prescription drug inventories through intelligent forecasting, data driven balancing (transfers/returns), and manageable cycle counting, the company stated. Datarithm’s automated demand forecasting will allow CARE members to function more like a chain in terms of predicting demand.  

 

Datarithm’s automated transfer logic ensures proper inventory levels at every location while managing returns. And Datarithm’s scheduled cycle counting provides precise on-hands and is a flag for diversion.