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SOS Inventory can improve all key performance indicators, lower costs, reduce labor hours, and provide a transparent view of all operations processed with an intelligent pharmaceutical inventory software. Medications can be categorized for consumption patterns, clinical necessity, and importance to have on hand. It works well in the health care sector as it can address measurements in fractions, expiration date management and more. SOS Inventory is quick and easy to implement, often up and running in just a few days, is proven, and widely used in the medical and pharmaceutical world. Your team are medical experts you don’t expect them to be computer science experts, too! The obstacle most hospital pharmacies face is the complexity of the software solution being proposed.
Drug inventory management software free update#
Physical inventory should, and must, update throughout the entire system no matter where the transaction takes place. Managing inventory quantities, expirations, and proper storage entails careful management, aided by barcode scanning from the time of receipt and lot tracking to record every movement the medication takes throughout the facility, and, of course, noting the quantities sold. It is an outcome no hospital administration wants to face. Running out of products results in loss of sales and profitability for most businesses the outcome for shortages of vital medications can be prolonged sickness, loss of life and malpractice lawsuits. Inventory Management in Hospital Pharmacy You need to ensure life-saving medications are in ample supply at all times, even in the event of a significant increase in patient infections, as we have seen throughout the Covid-19 pandemic. This year’s pandemic has been a useful reminder to the medical community managing inventory when there is a high variability in demand is challenging. Lead times with few supplier options can result in detrimental shortages without the assistance of an inventory management designed for the job. Ultimately, reducing inventory shrinkage could save millions of dollars over the course of a year. Keeping accurate records help management understand what inventory is available, when to order and ensure physical inventory matches inventory records.
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Tracking is essential to keeping vital and commonly used medications on hand while monitoring the usage of addictive and harmful medications subject to theft or misuse. It can entail skills your medical staff do not necessarily possess. Managing pharmaceutical inventory in a hospital, clinic or physician’s office can be challenging.