Smart replenishment integrates business considerations like trade agreements and margins, with elements of inventory management, including setting adjusting targets.
Return on sales
Pharmacies need to maintain the high availability of a wide range of products, some of which are interchangeable, and most have relatively narrow margins.
Over-the-counter (OTC) products are lean on margins, and it is a struggle to maximize availability while keeping inventory low. For off-the-shelf (OTS) products, the game is learning how to utilize shelf space to maximize margins. The end goal is to optimize the rotation of generic drugs and maximize margin realization from the shelves.
Onebeat’s platform optimizes the inventory of generic drugs, considering substitution of products that share the same drug molecule. Our AI tracks the performance of each SKU in each node of the system and replenishes it based on real demand, integrating business considerations like trade agreements and margins.