Pharmaplus+ Real-Time Stock Visibility offers retail pharmacies in India instant access to up-to-the-minute inventory data. This feature ensures that pharmacies can effectively manage stock levels, reduce the risk of stockouts or overstocking, and maintain optimal inventory.
The Problem It Addresses
Pharmacies face challenges with
- Stockouts Running out of popular items, leading to customer dissatisfaction and lost sales.
- Overstocking Excess inventory tying up capital and increasing storage costs.
- Order Fulfillment Delays Difficulty in fulfilling orders promptly due to inaccurate stock data.
How It Works
Pharmaplus+ Real-Time Stock Visibility provides a comprehensive view of inventory with the following functionalities
- Instant Updates Automatically updates inventory levels as products are sold, received, or reordered.
- Live Data Access Offers real-time access to stock levels across all products, enabling staff to see current availability at any moment.
- Automated Alerts Notifies staff of low stock levels or potential overstock issues, prompting timely action.
Key Features
- Live Inventory Data Continuous updates on stock levels.
- Automatic Stock Adjustments Real-time adjustments based on sales and deliveries.
- Alerts and Notifications Automatic notifications for low stock or overstock conditions.
Key Benefits to Retail Pharmacies
- Prevent Stockouts Ensure that high-demand products are always available, enhancing customer satisfaction.
- Avoid Overstocking Reduce excess inventory and associated costs by accurately predicting and managing stock levels.
- Improve Order Fulfillment Streamline order processing with accurate, real-time stock information.
- Efficient Stock Management Make informed decisions on reordering and stock adjustments based on current data.
Reduce Waste Minimize product waste through better inventory control.
Real-World Impact
A pharmacy chain in Mumbai implemented Pharmaplus+ Real-Time Stock Visibility and saw a significant reduction in stockouts and overstock situations. By having immediate access to accurate stock data, the chain improved order fulfillment efficiency and enhanced overall customer satisfaction.
Feature Impact
Pharmaplus+ Real-Time Stock Visibility transforms inventory management by providing pharmacies with the tools needed to monitor and manage stock levels efficiently. This ensures that pharmacies can operate smoothly, reduce waste, and keep customers happy.
Free for Life Plan
Pharmaplus+ includes Real-Time Stock Visibility in its free plan, offering essential stock management tools without additional costs.