Pharmaceutical inventory management is an integral part of the healthcare system. It is essential that proper procurement, management, distribution, and reverse distribution processes are in place to provide continuous supportive services within a hospital pharmacy or community pharmacy.
Controlling expenses and mitigating loss of inventory from expired or recalled drugs can be very costly. So proper inventory management with an effective reverse distribution process can be one of the largest positive impacts to your bottom line.
Is your reverse distribution process saving you money?
Perform a reverse distribution audit on your inventory supply to ensure you are getting the most out of every return. This includes the processing of the returns, as well as when credits are applied to your account. This process is just as important as your ordering and distribution, and can help you cut back costly losses and save you time.
What is your pharmacy’s process for identifying expired drugs?
One way to get started in improving your reverse distribution process is to get one established that you can follow. Start with a schedule for identifying near expired or expired drugs. Have the proper packaging and coding available to send the returns. Follow instructions when shipping to your reverse distributor.
How much inventory can be sent to my reverse distributor at once?
While shipping and packaging vary across most products. Your reverse distributor can provide information on EPA regulations. You can also seek guidance regarding reverse distribution from the EPA website.
For more information and to get a quote for your pharmacy returns, you can contact us directly or call us at 800-470-7725.
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