Pharmaplus+ Supplier Order History enables retail pharmacies in India to track and review all past orders from their suppliers. This feature provides valuable insights into purchasing trends, product performance, and supplier reliability, helping pharmacies optimize their purchasing decisions and improve supplier relationships.
The Problem It Addresses
Pharmacies often face challenges when trying to manage supplier relationships and evaluate purchasing trends without access to comprehensive order histories. Without clear records of past orders, it becomes difficult to assess supplier performance, understand product demand, or avoid overstocking. Pharmacies need a reliable system to track supplier orders, streamline the ordering process, and make informed decisions based on historical data.
How It Works
Pharmaplus+ Supplier Order History stores detailed records of all past orders placed with suppliers, including information such as product quantities, costs, delivery times, and order status. Pharmacy managers can review this data to analyze purchasing patterns, assess supplier reliability, and make data-driven decisions about future orders. This feature allows pharmacies to optimize inventory management and ensure that they are working with reliable suppliers to meet their needs.
Key Benefits to Retail Pharmacies
- Track Past Orders Maintain a comprehensive record of all supplier orders, including product details, costs, and delivery times, to better understand purchasing history.
- Evaluate Supplier Performance Use past order data to assess the reliability, timeliness, and quality of suppliers, helping pharmacies identify and maintain strong supplier relationships.
- Optimize Inventory Management Review historical purchasing trends to ensure that stock levels are in line with demand, reducing the risk of overstocking or understocking.
- Improve Decision-Making Use historical order data to make informed purchasing decisions, improve supplier negotiations, and streamline the ordering process.
- Save Time Easily access and review order histories without having to manually track each transaction, improving overall efficiency.
Real-World Use Case
A pharmacy in Pune frequently encountered issues with delayed deliveries from certain suppliers but had no system to track which vendors were consistently late. After implementing Pharmaplus+ Supplier Order History, the pharmacy was able to identify suppliers with unreliable delivery times and renegotiate terms with better-performing suppliers. This resulted in a 15% improvement in on-time deliveries and more efficient stock management.
Feature Impact
Pharmaplus+ Supplier Order History helps pharmacies optimize their purchasing strategies by providing a clear record of past orders and supplier performance. By tracking and analyzing this data, pharmacies can make more informed decisions, avoid stock issues, and foster stronger supplier relationships. The result is a more streamlined, efficient inventory management process and better control over purchasing decisions.
Free for Life Plan
Pharmaplus+ offers Supplier Order History as part of its free plan, allowing retail pharmacies to track their purchasing trends and optimize supplier management at no extra cost. Pharmaplus+ provides a comprehensive solution for inventory and supplier relationship management with optional advanced features for larger operations.