How to Use a Reverse Distributor to Skyrocket Your Pharmacy Business
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A Guide to the KPIS and Benchmarks of Reverse Distribution
Help Your Pharmacy's Bottom Line: Understand the KPIs and Benchmarks of Reverse Distribution
A pharmaceutical reverse distributor is more than just a service provider who coordinates returns of your pharmacy’s unused or unsalable items. A good reverse distributor is a partner for your pharmacy business: providing data and insights about your pharmaceutical returns and inventory processes to help improve your pharmacy’s inventory management-and ultimately, your bottom line.
To understand how your vendor is performing, you must evaluate key performance indicators (KPIs) such as:
- Turn Time
- Collect and Reconciliation Rate
- Excessive Return Volume
- Percent of Returnable vs. Non-returnable inventory
- Pharmacy-Caused Non-returnable
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FDA’s Recent Exemptions: What Do They Mean as We Finalize DSCSA Implementation?
October 31st 2024Kala Shankle, Vice President of Regulatory Affairs with the Healthcare Distribution Alliance, and Ilisa Bernstein, President of Bernstein Rx Solutions, LLC, discussed recent developments regarding the Drug Supply Chain Security Act.
