What is a pharmacy management system?

The pharmacy software system is a platform that engages in drug inventory maintenance and services. It includes medicine’s procurement from manufacturer to dispatch at the customer’s end. Pharmacy software system offers a variety of services ranging from dispensing of pharmaceutical drugs, maintaining inventory, account management, and many more. It ensures a consistent workflow and retains precise control. Top pharmacy software provides seamless functioning of business by notifying about every pending tasks and activity.

Pharmacy management software enables pharmacy owners to keep track of different records, patients’ reports, and drug stocks. Pharmacy software allows getting updates related to expiry stocks, pending prescription, and checks on sales. Pharmacies can save time on manual tasks.

Advantages of pharmacy management system

1. Manage Digital Transaction
2. Systematic purchase and sales
3. Automated re-order level
4. Consumption base order process
5. Error free finance and cash flow
6. Dynamic stock information
7. Appropriate and simple vendor / party ledger
8. Maintain customer database for marketing and follow-up
9. Daily profit loss report
10. Slow moving and fast moving item information
11. Nearly expire item information
12. E-prescription integration
13. Customer database keeping
14. Easy business forecast
15. Easy to use for admin and sales man
16. Easy monitoring for management / owner

Features of pharmacy management system 

1. 1. Automated Inventory Management
   2. E-Prescription Management
   3. Dispensing workflow management
   4. Analytics and reporting
   5. Financial intelligence management
   6. Notifications and alerts
   7. Integrations with other modules
   8. Real-time update
   9. Streamline workflow
   10. User control and data security

Why it is Important to Use an Excellent Pharmacy Management Software for Pharmacy Business?

Apart from the advantage and features mentioned above, here are additional advantages:

Provides a Stable System:

Pharmacy management software is designed to bring the element of management into the system. When processes are organized and managed well, it gets easier to manage the things on and off the field. Moreover, the information is stored over the system and thus the authorized person can easily access the same to perform any task.

Paves Path for Effective Communication:

Pharmacy management software has data management feature that includes every kind of information related to the business and to the employees as well. Moreover, when a group of staffs work on a system there comes the ease of communicating to each other to talk about the progress of any performance or its status.

Improved Efficiency:

Comparing the efficiency of manual resources to that of a software is never the right thing to do. When using the software for any task it gets easier to perform the same through automated procedures. But manual resources need more time and assistance as well to do a similar task. In assistance with a software, it gets extremely easy to perform the task.

Cost-Effective Assistance:

Including a software in your pharmacy management system may seem an additional cost but it is more of an investment to your business. Comparing the list of benefits that come along with the software will help you to know and understand the cost-effectiveness it bring to the business. Additionally, it gets easier to perform the task and keep the track of the same.

Some Reports Data:

A single click purchase statement, sales statement, return statement, profit-loss statement, stock value statement, user collection statement, party ledger and other useful reports. If any manual process the reports generation is almost impossible so faster. So owner of the pharmacy can take quick decisions for the pharmacy.

Data flow of pharmacy management system

Step 1: Manufacturer Company or Supplier Entry

Step 2: Brand product / Trade product entry

Step 3: Rate Sheet Management with vat & Tax

Step 4: Requisition for purchase (Company/ supplier wise)

Step 5: Requisition approval considering flow and stock

Step 6: Product receive in Store / Pharmacy considering Batch and Expire Date

Step 7: Vendor payment considering ledger

Step 8: Sales Invoicing considering customer database

Step 9: Sales return from customer / invoice

Step 10:  Purchase return to company for nearly expire or other reason

Step 11: Inventory control (Physical product count and adjustment)

Step 12: MIS & Reporting

Some more features:

1. Barcode Management
2. Royalty Management
3. Gift Item Management
4. Discount Management
5. Special Rate Management
6. SMS for campaign and marketing

Conclusion:

The modern pharmacy management system has gone innovative now offering a plethora of innovations to the users. And having such a huge number of benefits it is an absolute advantage to include such a software into the business. Pharmacy management software is the main requirement of the companies that are in any of the means dealing into pharmacy on field or off the field. Moreover, the companies providing such services also offers an extended range of assistance. It all depends upon the kind of services you have chosen to get the services. Experienced companies won’t mind going extra miles for providing any kind of assistance.

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