Rx FOR RETAIL PHARMACY SUCCESS
Today’s pharmacies face many challenges, from managing an increasingly wide breadth of products, to finding time to assist customers, to ensuring consistent vendor and DSCSA compliance.
of pharmacies’ expenses.
Inventory costs now comprise
68%
1
per month—or $600,00 to $1.2 million per year—on inventory alone.
2
$100,000
Some pharmacies spend up to
of consumers prioritize quality of service and 41% prioritize price
51%
When choosing a pharmacy,
3
of their time to counseling patients.
10%
—but pharmacists can currently devote just
4
SureCost’s purchasing, inventory and compliance management solutions empower you to successfully address these obstacles, saving time and money, working smarter and maintaining vendor and DSCSA compliance.
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SET OUT ON A BETTER BUYING PATH
WITH PURCHASING MANAGEMENT SOFTWARE
LEVERAGE INTERNAL AUDITING to confirm that your staff are purchasing items based on vendor and DSCSA compliance, rebates and the like. Identify instances where a user has opted out of a SureCost-recommended item, why and the costs subsequently incurred.
SureCost Purchasing Management software unifies purchasing and inventory, so you can optimize your buying decisions and discover money-saving opportunities using your entire vendor and wholesaler catalogue. Our software works with all major wholesalers—as well as with the vast majority of secondary providers, GPOs and other pharmaceutical sources. It increases time and money savings by allowing your pharmacy to:
STOP SHOPPING AROUND. View all of your vendors’ pricing in one place. No more wasting time price-shopping and looking through multiple platforms and catalogs.
GET A CLEAR PRICING PICTURE. With SureCost, you know exactly what you’re paying for up front. The product pricing displayed on our platform includes rebates and marketshare rebates alike, so you can maximize your rebate program. Identify additional savings opportunities, like lower prices available from secondary vendors.
STAY COMPLIANT with contracts and agreements using the Primary Vendor Assurance Tool.
ENSURE that you pay only “agreed-upon” prices for products received. Track vendor discrepancies at each purchasing stage. Pinpoint the cost of vendor substitutions and avoid paying more for substituted items.
CONTROL SOURCING. The option to purchase from your primary vendor and from secondary vendors yields enhanced visibility into more favorable prices —in turn cutting costs.
SureCost Purchasing Management’s features and benefits let you work smarter, not harder.
ONE PLATFORM, ALL PURCHASING PROCESSES, NO DISRUPTIONS. Harness a single platform for submitting and tracking purchase orders—including any external purchase orders initiated outside the solution.
KEEP CLOSE TABS ON INVENTORY
WITH INVENTORY MANAGEMENT SOFTWARE
SureCost’s Inventory Management software supports smart inventory management, permitting you and your staff to complete tasks with increased speed and efficiency and freeing everyone up to handle customers’ needs. It offers robust perpetual and physical inventory management capabilities, along with formulary management tools, for:
What’s more, SureCost can order the products your pharmacy needs, saving time and ensuring that items are received on schedule.
10% to 20% reduction in inventory stemming from better forecasting of on-hand quantities and elimination of excess inventory.
Greater savings and improved cash flow.
PERPETUALLY ACCURATE, ALWAYS AUTOMATIC.
Manage inventory based on what’s physically on hand, taking customer orders, incoming/outgoing inventory transfers and purchase orders into consideration. Automatically generate accurate replenishment orders based on data and self-defined rules. Be informed about excessive inventory and identify instances where inventory was purchased, with no customer dispense orders received.
Manage inventory from wherever you want, whenever you like with the SureCost mobile app. Add items to open purchase order worksheets out on the floor or even from a remote location. Do quick cycle counts out on the floor without a laptop and cart. Easily request, receive and fill transfers.
ANYTIME, ANYWHERE FUNCTIONALITY.
Get real-time inventory valuation based on last acquired price. Identify stale or slow-moving products and initiate transfer of inventory to other departments or pharmacy locations—entirely automatically. Stay informed via transfer-tracking notifications.
TROUBLE-FREE TRANSFERS AND VALUATION.
STREAMLINE DSCSA COMPLIANCE
WITH DSCSA COMPLIANCE SOFTWARE
Unlike many other solutions of its type, SureCost DSCSA Compliance software simplifies and fully supports compliance with the Drug Supply Chain Security Act (DSCSA), increasing the convenience of managing DSCSA-relevant data and making it easy to maintain vendor accountability. It provides:
JUST ONE INTERFACE AND SOURCE OF DATA for all trading partners, as required under all DSCSA. Easily tap into data and reports (including transaction information, transaction statement received and transaction history) that can help when fielding requests from or audits by manufacturers, the FDA and other authorities. Check the reconciliation page for lists of flagged products and reconciliation options.
TRANSFER MANAGEMENT CAPABILITY. Check the DSCSA compliance of items sent from one of your locations to another—and avoid fees and penalties if you’re audited for compliance with the rule.
THE POWER OF MOBILE AND MULTI-TASKING. Capture necessary DSCSA data as you utilize the mobile app to scan 2D barcodes on incoming items and request, fill and receive inventory transfers.
FLAGGING FUNCTIONALITY. Products are automatically flagged for quarantine if traceable transaction identifiers scanned at the receiving stage don't match trading partners’ shipping data.
With SureCost, you get your True Cost
DSCSA COMPLIANT
SureCost gives you complete control over your purchasing with rebate modeling, vendor and DSCSA compliance and pharmacy system integration.
With SureCost, you have complete control over your purchasing environment and full visibility into all of your options.
That’s how we’re able to drive 2% to 5% savings on cost of goods year-over-year for your pharmacy.
Want to save more, work smarter and remain in vendor and DSCSA compliance as you operate your pharmacy?
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Sources: 1-2. Texas Tech University School of Pharmacy study / 3. McKinsey / 4. Deloitte
GOODBYE, PAPER CHASE. Eliminate paper and manual invoice verification processes through easy integration with your current pharmacy management and accounts payable systems.
MANAGEMENT MADE SIMPLE. Manage items by product group for easy transition between “comparables”—like drug equivalents in different strengths or package sizes or from different vendors.
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