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The Ultimate Buying Guide to Smarter Pharmacy Procurement Decisions

Why Pharmacy Procurement Software Matters in Today’s Pharmacy Climate

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Pharmacies today face unprecedented challenges that make efficient procurement, inventory management and compliance more critical than ever. Without the right tools in place, pharmacies risk overspending, inefficient processes and potential compliance violations.

This buying guide covers key considerations when choosing a pharmacy procurement solution
  • Vendor Compliance & Formularies
  • Drug Shortages & Alternative Sourcing
  • Real-Time Cost Savings
  • Integration with Existing Systems
  • Ease of Use & Support

 

Solution Comparison

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Compliance alone can cost your pharmacy thousands.

 

The Definition of a Successful Pharmacy Procurement Software

The right tools can help pharmacies find savings while remaining compliant. A procurement management solution with intelligent automation and configurable real-time reporting is key.

A unified procurement management solution centralizes all vendor agreements under a single interface. It automatically captures vendor agreement terms and analyzes pharmacy purchasing options against vendor contracts, revealing real-time compliance performance and modeling how a potential purchase will affect compliance before submitting a purchase order.

Instead of manual (and error-prone) calculation between different tabs, a single concise dashboard automatically calculates metrics including source ratio compliance, minimum spend requirements and generics ratio.

Compliance Insights Audit: Real-Time Vendor Agreement Data Every Pharmacy Needs

Source ratio compliance
Generic ratio compliance
Source rebate tiers
Primary vendor spend

Other vendor spend
Generic purchasing ratio
Brand purchasing ratio
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