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Inventory Management in Pharmacy Automation
Seeking Efficiency in a Complex Process
One organization described saving over $1 million from improving their inventory management system, while another described losing thousands of dollars from drug overstock and inventory inefficiency. How are providers moving from the more common second scenario to the first? With providers tightening belts all around, many want to improve their bottom line through better drug inventory management. Pharmacies want to decrease inventory on hand—“money on the shelf”—and expired medications—“money in the trash.” However, the best approach is not obvious.
This material is copyrighted. Any organization gaining unauthorized access to this report will be liable to compensate KLAS for the full retail price. Please see the KLAS DATA USE POLICY for information regarding use of this report. © 2024 KLAS Research, LLC. All Rights Reserved. NOTE: Performance scores may change significantly when including newly interviewed provider organizations, especially when added to a smaller sample size like in emerging markets with a small number of live clients. The findings presented are not meant to be conclusive data for an entire client base.