We’ve talked a lot about pharmacy inventory management in the past. Almost every time, we’ve mentioned the need for pharmacy inventory software.
However, the wrong pharmacy inventory system software can become a major burden on your independent pharmacy. While it could be tempting to save money with a pharmacy inventory management software free download, it could end up hurting your business in the end.
Instead, take the time to research the best pharmacy inventory software for your needs and invest in a solution that will improve the way you manage your pharmacy’s inventory and help you increase your margins. Here are 5 things you should look for:
How easy is your system to use? How long will it take to train new employees to use your pharmacy inventory software? Your pharmacy management software’s dashboard and user interface should be intuitive and easy to use for anyone. Not only will this make training easier, it will ensure that the software actually gets used.
Integrated Drug Facts and Comparisons
Your pharmacy inventory management software should be able to integrate with other clinical tools you use and provide you with any important drug interaction details, dosing guidelines or lab data you may need. This will help you provide better service to your customers and make more educated purchasing decisions when shopping for short-dated Rx.
Workflows and Automation
The most important consideration for any piece of pharmacy software is whether it supports your current processes and workflows. Intuitive pharmacy inventory software will allow you to view the entire pharmaceutical purchasing workflow from order to sale so you can inform customers of the status of their order and better plan how those orders are processed. Automated tools can also help by reminding you when orders need to be placed or even automatically renewing Rx purchase orders.
No matter how great your pharmacy inventory software, eventually something will go wrong or you will need help navigating the solution. This is where a strong support reputation comes in. This is also another limitation of getting your pharmacy inventory management software free. Choose a software provider that has good support for when you need it.
Once you understand the specific needs of your independent pharmacy, you need to find a solution that fits those need and your budget. Good pharmacy management software can be expensive, but it should be seen as a major investment for your business. When used correctly, inventory management can help you avoid waste, take advantage of overstock and short-dated Rx and greatly improve your margins. While getting pharmacy inventory software free can seem like the only option on your budget, finding the money to invest in a good solution will pay for itself many times over.
It’s important to note that if you don’t have a good pharmacy inventory system, software won’t help. Your inventory management should start with an inventory audit and a system that works for your pharmacy. Then you should find software that supports that system. While pharmacy inventory software can help, it isn’t a magic bullet that will improve your inventory all on it’s own.
Looking for more guidance on increasing your pharmacy margins? Check out our 2017 Buyer’s Guide for Pharmacy Owners.