inventory management

Using Six Sigma Principals To Streamline Wholesale Pharmaceutical Distribution

2023-08-11T16:01:45+00:00

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 [...]

Using Six Sigma Principals To Streamline Wholesale Pharmaceutical Distribution2023-08-11T16:01:45+00:00

Importance of Wholesale Pharmacy Suppliers for Hospitals and Pharmacies

2023-08-10T04:07:40+00:00

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 [...]

Importance of Wholesale Pharmacy Suppliers for Hospitals and Pharmacies2023-08-10T04:07:40+00:00

Your Month-end Close Process Streamlined in 5 Easy Steps

2022-12-05T13:00:00+00:00

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 [...]

Your Month-end Close Process Streamlined in 5 Easy Steps2022-12-05T13:00:00+00:00

FIFO vs FEFO: Inventory Management and Your Bottom Line

2022-12-05T13:02:12+00:00

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 [...]

FIFO vs FEFO: Inventory Management and Your Bottom Line2022-12-05T13:02:12+00:00
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