Pharmaplus+ Low Stock Alerts notify retail pharmacies in India when product quantities fall below predefined thresholds, helping ensure that essential medications and popular products are always available. This feature helps pharmacies avoid stockouts, maintain optimal inventory levels, and improve customer satisfaction.
The Problem It Addresses
Pharmacies need to maintain adequate stock to meet customer demands. However, without a system to monitor inventory levels in real-time, pharmacies may experience stockouts, leading to missed sales opportunities and dissatisfied customers. Pharmacies need a system that automatically tracks inventory and alerts them when stock levels are low, so they can reorder products on time.
How It Works
Pharmaplus+ Low Stock Alerts continuously monitor the stock levels of all products in the pharmacy. Pharmacy staff can set custom thresholds for different products based on demand and sales history. When stock falls below the predefined threshold, the system sends an alert to notify the staff, allowing them to reorder the product before a stockout occurs. Alerts can be customized for specific products or product categories, ensuring that critical inventory is always properly managed.
Key Benefits to Retail Pharmacies
- Prevent Stockouts Receive timely notifications when products are running low, helping to ensure that critical medications and high-demand items are always available.
- Customizable Thresholds Set custom low-stock thresholds for different products based on their demand, stock turnover, and importance.
- Improve Customer Satisfaction Always have the right products on hand to meet customer needs, reducing the risk of lost sales.
- Efficient Inventory Management Streamline the inventory management process by proactively reordering products based on real-time stock levels.
- Reduce Financial Losses Minimize the risk of lost revenue due to stockouts, ensuring that popular and high-margin products are always in stock.
Real-World Use Case
A pharmacy in Bengaluru struggled with running out of critical medications during peak seasons due to manual inventory checks. After implementing Pharmaplus+ Low Stock Alerts, the pharmacy received timely notifications when stock levels dipped below critical thresholds, ensuring that orders were placed on time. This resulted in a 20% reduction in stockouts and improved customer satisfaction, as essential medications were always available when needed.
Feature Impact
Pharmaplus+ Low Stock Alerts provide pharmacies with an effective way to maintain optimal inventory levels. By sending timely alerts when stock is running low, this feature helps pharmacies prevent stockouts, improve customer satisfaction, and streamline their inventory management process. Pharmacies benefit from fewer lost sales and better operational efficiency.
Free for Life Plan
Pharmaplus+ offers Low Stock Alerts as part of its free plan, allowing retail pharmacies to monitor and manage inventory effectively without additional costs. Pharmaplus+ provides a complete solution for inventory management with optional advanced features for larger operations.