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Pharma Buyers​

It’s critical that buyers such as pharmacies have a solid understanding of their current Supply Chain costs and the value derived from established processes. With an accurate assessment of all supplier activity, buyers should be able to simplify the ordering process, minimise risks and plan for improvement.

Reconciling business documentation for all your transactions, eats into your valuable company time and resources. Costly human errors can also happen right throughout this process. When a transaction is incorrect, a pharmacy retailer can end up missing out on discounts and even paying for items they never received. When the purchase order to invoice reconciliation is automated, the majority of these issues can be eliminated entirely.

Automation of the purchase order (PO) to invoice reconciliation process, or the three-way match process, between purchase orders, invoices and receiving documentation can ensure that a retailer only pays for what they actually receive which results in them being able to take advantage of any associated payment discounts.

So what this means for pharmaceutical and medical suppliers and wholesalers, in addition to the pharmacy retail outlets, is that everyone involved can not only get a better handle on their inventory, but can also improve efficiency regarding orders and deliveries. The chances of an order being lost or finding out that inventory is running low until it’s entirely out of stock is extremely low. The automated invoice and order processing can also include enquiry capabilities, where alerts are triggered for certain products.

Benefits For You

Reduce costs, eliminate manual processes, and increase business efficiencies
Gain speed and accuracy when ordering
Source from multiple suppliers while securing the best prices
Increase visibility and control for all employees without the need for significant training
Free up resources and reduce extra staffing needs

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