The broadest and most substantial asset to any independent community pharmacy is their investment in inventory. It is important for independent community pharmacies to regularly assess their asset efficiency. RxPost’s inventory exchange marketplace is a simple path to increase the amount of sales and profits generated from the pharmacy’s investment in inventory.
Inventory solutions are crucial in controlling medication overstock while ensuring that inventory is available to patients when needed. The goal is to move inventory quickly and to reduce the time inventory collects dust on the shelves.
Overstock inventory can cost you by tying up working capital, while also resulting in financial losses incurred by restocking fees and lack of expired manufacturer credit. RxPost’s inventory exchange marketplace provides independent community pharmacies a simple path to moving overstocked medications.
Drug shortages occur regularly for many reasons, such as severe weather or wildfires. RxPost’s network of pharmacies can provide alternative access to inventory when availability from your primary wholesaler is effected by these drug shortages.
Save time on pulling expired inventory off the shelf. Receive an email notification when products listed on RxPost’s inventory exchange marketplace is set to expire, so you can remove these products from your shelf and prepare them for shipment to a returns solution company.