Join Now, Grow Your Network!

Join the Independent Retail Pharmacy Association today and access our network of over 18,700 retailers and partners. We are a leading resource for insight within current retail pharmacy trends and industry updates. Our members get exclusive access to data points, powerful tools for business success, and networking opportunities that propel their business opportunities to new heights.

Strategies for Supply Chain Management

And This is How YOU Can Take Advantage

Having a clear and concise plan or strategy for managing your supply chain can help your business save money, avoid damaging mistakes, and give you the ability to stay current on data and statistics within your store. Take a peak at our strategies you could implement in order to help your business operations.

Obtain a Distributor to Assist With Inventory Management

  • Keeping track of your inventory is important for your supply chain management. As a business you want to avoid drug shortages but have enough to be successful financially. having the appropriate amount stock can help to reduce operating costs and better manage your supply chain.

Don’t Discount Any Drug Packaging

  • It will allow you to ship, track, and also store drugs in the most appropriate manner.
  • It’s easy for patients to utilize.
  • It will match the needs of that drug.

Product Standardization and Predictive Ordering

  • Standardization of the health systems that order, stock, and utilize medical supplies can make the supply chain so much more efficient. This will lower supply chain costs and makes the processes more efficient.
  • You could also switch to predictive ordering by utilizing data.

Learn From Data Within Your Supply Chain

  • You can use your data to learn about the current demand for a given drug.
  • If a new drug with better clinical results is available.
  • If you need to adjust your PAR levels.

The Independent Retail Pharmacy Association of America is here for all of your OTC retail pharmacy needs. Hopefully you have found value within this article on the Strategies for Better Supply Chain Management. We are interested in what you would like to learn more about, please let us know in the comments below.

Click Below to Join the IRPA