Let's Explore the Impact of Personalized Medicine on Independent Pharmacy Distributors Personalized medicine has become a buzzword in recent years, with advances in genetics, biotechnology, and data analytics transforming the healthcare industry. It is a new approach to medical treatment that tailors therapies to individual patients based on their genetic makeup, environment, [...]
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How Reliance Wholesale Pharmacy Collaborates with Manufacturers and Pharmacies: When it comes to running a successful wholesale pharmacy online, it’s important to prioritize building strong partnerships with both manufacturers and other independent pharmacy distributors. By working closely with these partners, we are equipped to provide your customers with high-quality vaccines and pharmaceuticals, [...]
Chances are you’ve heard the buzzword, “Six Sigma,” but haven’t ventured deeper into what it means, and how it can support efficiencies in wholesale pharmaceutical distribution. Six Sigma is a data-driven methodology used to improve processes and eliminate defects or errors in various industries, including wholesale pharmaceutical distribution. While the principles of Six [...]
The medical industry is fast-paced and ever-changing, with new innovations and challenges appearing every day. To keep up with these changes and provide the best possible care for their patients, hospitals and pharmacies need reliable access to a wide variety of pharmaceuticals. In a time of supply chain issues and shortages, wholesale pharmaceutical suppliers [...]
Did you know that you can easily achieve short and long-term business goals for your pharmaceutical company with an efficient month-end close process? That’s right. Streamlining common month-end procedures, such as reviewing and reconciling supply chain discrepancies, sets your team up for success. A pharmaceutical month-end close process includes: Accounts receivable and accounts [...]
When it comes to inventory management, product rotation should be a top priority for your small niche pharmaceutical company. A solid strategy can help you to maximize your budget and support year-over-year (YoY) fiscal growth. How you manage inventory ultimately will affect your bottom line. A good inventory management strategy will: Ensure your [...]
Improving supply chain visibility is key to any thriving industry. This is especially true in the pharmaceutical industry and healthcare in general. With advancements in technology and AI, providing additional transparency also equates to providing better healthcare. Gone are the days of handwritten ledgers for tagging shipments or manually tracking expiration dates and [...]
In the medical field, adequate inventory tracking can make a huge difference. A lack of supply puts patients’ lives at risk. An overwhelming amount of prescription drugs on hand increases the odds of unused, expired products and directly affects the bottom line. Inventory tracking needs consistency. Pharmaceutical inventory management Keeping [...]
Inflation puts extra strain on the pharmaceutical supply chain by causing delays in shipments and increasing transportation costs. This leaves small niche pharmaceutical companies in a tough position and forces many to reassess their business budget and expenses. They must find a way to improve operations while saving on costs in order to [...]
Patient care is reliant on an adaptive supply chain—healthcare’s backbone. A patient undergoing treatment needs a consistent supply of certain drugs. An elderly patient with physical restraints needs access to mobility aids such as walkers, wheelchairs, and rollators. An injured party rushed into the emergency room (ER) needs life-saving drugs and medical equipment [...]