Forecasting

Acurate Inventory Forecasting from Datarithm

Datarithm’s forecasting system provides automated control over your most valuable asset – your prescription drug inventory. By applying proven algorithms to historical transaction data from each of your locations, the system maintains optimum stock levels and reduces loss from non-moving inventory.

Using the Datarithm system, you can recoup and save over $2,000 each month at each location.

How Does it Work?

• Historical usage data is collected automatically by our system for each NDC number in each location
• Data is analyzed to discern dispensing patterns; a best-fit, lowest-error algorithm is selected for each NDC at each location
• The selected algorithm, together with trend analysis and smoothing, determine optimal inventory and overstock levels
• Customer service levels are easily modified to meet margin and liquidity benchmarks
• Inventory positions are automatically recalculated each month so that optimum levels are maintained
• Reports are delivered on demand or automatically on the schedule you set

 

The Technology Behind Datarithm’s Forecasting Software

Datarithm has partnered with a global leader in inventory management to create customized forecasting software for pharmacies. The logic in our forecasting application has been tested and proven in countless industries for more than 20 years.

 

Our reports are available 24 hours a day through cloud computing via a network of remote servers hosted on the Internet. Your data will be backed up on multiple servers in multiple geographical regions nationwide. System updates occur automatically to account for changes in the industry and customer demand.

 

Please contact us to arrange a complimentary forecasting analysis to demonstrate the power of Datarithm’s automated forecasting system, which can be easily integrated with most pharmacy management systems.