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Importance of Distributor Management System for Pharma Industry

As intriguing, interesting, and promising as the pharma industry sounds, it isnu2019t always a cakewalk to manage the large retail sales channel that it entails.

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Importance of Distributor Management System for Pharma Industry

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  1. KOOPS

  2. Need of Distribution Management System for a Pharma Company Pharmaceutical Distribution comprises of numerous activities including supplies administration, packaging, transportation, warehousing, and supplying to different stakeholders, complete with store location planning. Managing all of these activities together, while ensuring business profitability may prove to be a tricky task, which is why it is imperative for pharma companies to rely on a well designed DMS as it can offer a wide array of benefits as mentioned below – 

  3. Added Convenience For Retailers and Customers DMS ensures that every retailer has complete access to the information regarding the available stock, and therefore can easily place orders for the same. This is also supported by the fact that the manufacturer is always aware of any gaps in the inventory level, and can close the same proactively.

  4. Enhanced Inventory Monitoring Automated inventory administration is one of the most significant benefits of a good DMS. This enables pharma companies to monitor inventory at different distributor warehouses, thereby helping them with quick decision-making regarding stock replenishment. It also facilitates order forecasting, real-time product data visualization, as well as data-driven analysis of supply and demand forecasting.

  5. Improved Productivity DMS helps distributors and retailers by significantly reducing the time consumed for order and delivery, while also ensuring complete transparency in transactions. In addition, DMS enables accurate order processing in a truly automated fashion. All of this combined, help create a positive work environment for everyone involved and therefore helps boost productivity.

  6. Reduced Overheads Distributor Management System helps reduce the need for hiring additional staff, enables time-saving, and automates the various process to ensure limited efforts from the employees as well as distributors. This facilitates cost savings to a large extent. Moreover, these reduced overheads help improve the overall ROI of the software.

  7. Accurate Visit Reports Setting up warehouses and distributors in important areas is the east step. What’s truly tricky is to ensure that the distributors promptly connect with the retailers and subsequently deliver the products as required. This process can prove to be effective only when Medical Representatives or MRs visit or connect with the retail outlet that actually has the potential to place an order.

  8. Enhanced Business Accuracy When efficiently implemented, a Distribution Management System enables a pharma business to predict future order flows from specific distributors, retailers, dealers, or zones. This precise forecasting helps optimize revenues, profit, and profitability while enabling the business to data-based decisions. The subsequent optimal utilisation of resources leads to further business efficiency.

  9. THANK YOU To know more, visit: https://www.koops.in/blog/distributor-management-system-for-pharma-industry/

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