CASE STUDY
www.surecost.com
Cost Reduction
SureCost’s Inventory Manager Solution empowers PharMerica with the tools and functionalities
needed to mitigate the challenges related to cost management and medication waste. The system’s
dynamic mid-max values ensure that PharMerica maintains optimal inventory levels based on actual
usage patterns and demand forecasts. By considering factors such as historical data, seasonality
and anticipated business gains or losses, SureCost provides accurate recommendations for reorder
quantities, minimizing the risk of overstocking or understocking.
Furthermore, with SureCost’s usage modifiers, PharMerica can adjust stock quantities based
on anticipated changes in business volume. For example, if PharMerica expects a 20% increase
in business, they could proactively adjust their stock levels by leveraging the usage modifier to
increase the order quantities temporarily. The usage modifier then automatically decreases as the
new usage increases and is automatically removed once that level is hit. This flexibility in managing
stock levels prevent stockouts during periods of increased demand and minimizes the financial
impact of excess inventory during slower periods.
The automation of reordering processes and the ability to set automated alerts for low stock or
discontinued items also plays a significant role in cost reduction. PharMerica can proactively
replenish their inventory, taking advantage of favorable pricing or contract terms, while avoiding rush
orders or emergency purchases at higher costs. The system’s reporting capabilities provide valuable
insights into inventory performance, enabling PharMerica to identify cost-saving opportunities,
negotiate better contracts with suppliers, and optimize their overall purchasing strategies.
Improved Patient Care
SureCost’s Inventory Manager Solution has proven to be instrumental in enhancing patient care for
those PharMerica serves. By streamlining inventory management processes and ensuring accurate
medication availability, PharMerica can prevent stockouts and delays in medication dispensing.
The automation of reordering processes and real-time visibility into inventory levels empower the
pharmacy staff to proactively address potential supply shortages and fulfill patient needs promptly.
The system’s integration with PharMerica’s pharmacy management system enables seamless
data flow, ensuring that accurate and up-to-date inventory information is readily available during
the medication dispensing process. This integration eliminates the changes of errors caused by
mismatched or outdated inventory records, enhancing medication safety and accuracy.
With the automation of manual tasks and the time saved through streamlined workflows, the
pharmacy staff has more time and resources to dedicate to patient care activities. PharMerica can
focus on providing personalized medication counseling, addressing patient concerns and ensuring
proper medication adherence. With reduced administrative burden, the staff engages more directly
with patients, fostering stronger relationships and promoting better health outcomes.
Join over 5,000 pharmacy professionals across the country who use SureCost every day
to save more, stay compliant and work smarter.
Book an Inventory Manager demo today to learn more about what smarter inventory
can do for your pharmacy.
https://info.surecost.com/talk-to-a-purchasing-and-inventory-expert?utm_campaign=RX%20
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“
When I was a pharmacy
technician, it took one to
four hours on a good day
to complete cycle counts.
Once we implemented
SureCost’s perpetual
Inventory Manager
Solution, our counts were
easily and accurately up
to date. This cut down
purchasing and inventory
management-related tasks
to 30 minutes for my cycle
counts and 15 minutes
to confirm my order is
accurate and submit
it. I spent less time on
purchasing and freed up
my time to help in other
areas in the pharmacy.”
Gabriel Toribio
Central Purchasing Manager
~ PharMerica