2022 Pharmacy Technology Solutions Products & Services Catalogue

Scientific Purchasing

A sophisticated and dynamic demand forecasting tool.

Unlike Replenishment Ordering that suggests replacing what you have sold and min/max ordering that maintains inventory within a defined range, the Propel POS Scientific Purchasing module takes inventory management to the next level.

Scientific Purchasing analyzes sales trends and suggests quantities to order based on a combination of factors, including:

❚ Sales history with linear regression and margin/ retail smoothing .

❚ Current on hand inventory.

❚ Bonus vs regular equivalents.

❚ Seasonality.

❚ The next order date and delivery lead time.

❚ Minimum stock levels.

❚ Minimum on hand quantity.

By considering these factors and dynamically adjusting to changes in demand, Scientific Purchasing helps pharmacies optimize inventory levels. It considers changes in demand due to price and margin variation, as well as seasonal ups and downs. This predictive analysis tool will help you to avoid under and overbuying and all without the need to manually reset maximum values.

❚ Accurate order forecasting based on historical trends.

❚ Optimize inventory management by reducing overstock and stock outs.

❚ Dynamic adjustment to changes in demand, including seasonal and price/margin variation.

❚ Increase turns to improve cash flow and reduce the cost of carrying inventory.

❚ Efficient use of system data to determine optimal order quantity.

❚ Analyze how much inventory you need to satisfy demand until your next order delivery.

❚ Leverages actual movement and other historical data.

❚ Schedule orders or calculate on demand.

❚ Flexible options allow you to define which criteria are used to calculate an order.

❚ Emergency orders alert you to fast moving or out of stock items that don’t follow trends.