How is ChemistMitra Helping Pharmacies to Improve Inventory Turnover?

A major problem for pharmacists is effectively managing inventories. Many pharmacies suffer from slow-moving inventory that locks up money and lowers profitability due to inconsistent supply chains, expired stock, and variable demand. By ensuring improved cash flow, optimal stock levels, and more profitability, ChemistMitra^TM is revolutionizing the way pharmacists manage their inventory.

ChemistMitra^TM helps pharmacies increase inventory turnover, reduce waste, and boost finances by utilizing data-driven insights, automatic restocking, and smart inventory management solutions. 

How does it help pharmacy owners? Let’s explore. 

Easy tracking of expired and near-expiry stock

• View a detailed list of stock that has expired or is about to expire, along with supplier information.
• Create return requests with only a few clicks, ensuring minimal loss.
• Identify and return medications that are about to expire as soon as possible to avoid revenue lockups.

Smart dashboard for inventory insights

• With a real-time dashboard, you can see the age and value of your inventory.
• Identify whether suppliers have slow-moving inventory so that you can make smarter decisions.
• To minimize waste and maximize purchases, stay ahead of stock performance.

Automated alerts and notifications 

• Get daily notifications about items that are about to expire so you can take prompt action.
• Use an auto-updated short book for SKUs close to stockouts to avoid unexpected stockouts.
• To minimize financial losses, ensure that no stock is left unsold because it has expired.

Easy stock return and supplier coordination 

• With automated inventory changes, processing sales returns for clients is simple.
• With smooth return management, you can avoid problems with manual tracking and save a significant amount of time and work.

Smarter inventory, higher profits with ChemistMitra^TM

The success of a pharmacy depends on efficient inventory management, and ChemistMitra^TM offers the means needed to maximize stock control, minimize losses, and enhance cash flow. Pharmacy efficiency, waste reduction, and revenue can be increased with automated expiration tracking, smart reordering, real-time profit analysis, and GST-compliant invoicing.

ChemistMitra^TM helps pharmacies increase inventory turnover, streamline operations, and ensure a healthier bottom line by utilizing automation and data-driven insights. Use ChemistMitra^TM to take charge of your pharmacy’s success now!