Supplylogix intros inventory segmentation solution
Supplylogix is unveiling a new enhancement to its Pinpoint Order software, an inventory segmentation feature that expands on the existing functionality of Pinpoint Order, giving users a dashboard to view their medication categories, in groups of 10, and the associated inventory costs.
Pinpoint Order is an easy-to-use, highly configurable inventory management tool that provides pharmacies with centralized control of in-stock and carrying cost parameters. With the new Inventory Segmentation module, it now automatically groups and ranks drug ‘families’ based on the number of prescriptions dispensed over a 30-day period.
Having the associated NDC numbers, total inventory value and the calculated percentage of total inventory for each grouping delivers a snapshot of inventory movement and aids in the ordering process for each category from the most heavily prescribed to the least.
“Providing this categorized view of often costly inventory gives users the ability to make data-driven decisions on ordering activity, redistributing existing inventory to another location, or even returning it to the distributor,” said Nathan Chapman, Supplylogix vice president and general manager.
Chapman added, “At its core, this new feature is central to the type of information we’re able to provide across our Pinpoint suite of inventory management software, giving our customers the insights they need to effectively manage their inventory.”
Inventory Segmentation highlights an extensive investment in product innovation for the powerful suite of tools that enable pharmacies to maximize replenishment activities, increase efficiencies, and minimize losses from returns, thereby helping to lower operating costs.
“We’ve heard from our customers that this level of detail is something they’ve been interested in for some time,” said Chapman. “Our account managers have been helping them create these lists manually and in turn, helping them save millions of dollars in inventory costs. Adding it to the software makes it available to all our Pinpoint Order customers at no additional cost.”
To learn more and to schedule a demo, contact Lynn Gilchrist at [email protected].