Pharmaplus+ Automated Expiry Date Tracking helps retail pharmacies in India track the expiration dates of products in their inventory, preventing the sale of expired medications, reducing waste, and ensuring safety compliance. This feature automates the monitoring of expiration dates, allowing pharmacies to maintain effective stock rotation and avoid regulatory issues.
The Problem It Addresses
Tracking the expiration dates of medications manually is time-consuming and prone to errors. Without an automated system, pharmacies may inadvertently sell expired medications, risking compliance violations, customer safety issues, and financial losses due to wasted products.
How It Works
Pharmaplus+ Automated Expiry Date Tracking continuously monitors the expiration dates of all products in the pharmacy’s inventory. The system sends timely alerts when medications are approaching their expiration date, giving staff the opportunity to remove, discount, or rotate stock as needed. This automated system ensures expired products are never sold and helps pharmacies proactively manage near-expiry items.
Key Benefits to Retail Pharmacies
- Automated Expiry Monitoring Track expiration dates in real time without manual intervention.
- Expiry Alerts Receive alerts when products are close to expiring, allowing for timely removal or discounts.
- Stock Rotation Reduce waste by rotating near-expiry products, ensuring older stock is used first.
- Compliance Prevent the sale of expired medications and ensure compliance with safety and regulatory standards.
- Improved Inventory Management Manage stock more effectively by addressing expiration concerns before they become a problem.
Real-World Use Case
A retail pharmacy in Delhi experienced frequent issues with expired medications being overlooked, leading to customer complaints and losses due to unsellable stock. After implementing Pharmaplus+ Automated Expiry Date Tracking, the pharmacy received timely alerts and could proactively manage expiring stock, reducing waste by 30% and ensuring compliance with safety regulations.
Feature Impact
Pharmaplus+ Automated Expiry Date Tracking enhances inventory management by ensuring that expired medications are never sold and that stock is rotated efficiently. Pharmacies benefit from improved compliance, reduced waste, and a more organized approach to managing product lifecycles, ultimately boosting operational efficiency.
Free for Life Plan
Pharmaplus+ offers Automated Expiry Date Tracking as part of its free plan, enabling pharmacies to manage product expiration without additional costs. Pharmaplus+ also offers advanced features for larger operations or complex inventory needs.