Pharmaplus+ Expired Product Alerts provide retail pharmacies in India with timely notifications about products approaching or exceeding their expiration dates. This feature helps pharmacies ensure product safety, compliance, and efficient stock management.
The Problem It Addresses
Challenges with Product Expiration
- Regulatory Penalties Selling expired products can lead to fines and regulatory issues.
- Customer Trust Providing expired goods can damage customer trust and safety.
- Inventory Management Without alerts, managing product expiration can be challenging, leading to potential financial loss and waste.
How It Works
Pharmaplus+ Expired Product Alerts simplifies inventory management by
- Automatic Monitoring Continuously tracks expiration dates of all products in inventory.
- Timely Notifications Sends alerts to pharmacy staff when products are nearing or have surpassed their expiration dates.
- Actionable Alerts Provides options to remove expired products, apply discounts to near-expiry items, or reorder fresh stock.
Key Features
- Expiration Date Tracking Monitors and alerts for products nearing their expiry.
- Proactive Management Offers tools for managing near-expiry items effectively.
- Regulatory Compliance Ensures adherence to safety and regulatory standards.
Key Benefits to Retail Pharmacies
- Timely Alerts Receive notifications when products are approaching or have passed their expiration dates.
- Customer Safety Prevent the sale of expired goods, maintaining safety and compliance.
- Waste Reduction Discount or rotate near-expiry products to reduce waste and financial loss.
- Improved Inventory Management Enhance stock rotation and inventory accuracy with proactive tracking.
- Reputation Protection Safeguard your pharmacy’s reputation by ensuring only in-date products are sold.
Real-World Impact
A pharmacy chain in Mumbai implemented Pharmaplus+ Expired Product Alerts and reported a 40% reduction in expired product sales and a significant decrease in waste, resulting in cost savings and improved customer satisfaction.
Feature Impact
Pharmaplus+ Expired Product Alerts helps pharmacies manage inventory efficiently, comply with regulations, and ensure customer safety by providing timely expiration notifications.