Perpetual Inventory

With perpetual inventory, on-hand quantities are constantly updated to recognize dispensing and replenishment.

Not running perpetual inventory? You may be experiencing these issues:

Inventory dollars are only accurate right after a physical count, which leads to blind decisions
Financial conditions are largely unknown (inability to manage cost changes leaves you blind to whether you are making or losing money)
Inventory inaccuracies
High exposure to stock-outs, over-stocking and expired returns
Elevated odds for theft/fraud /diversion
Time-intensive ordering

Benefits of Perpetual Inventory:

On-Hand inventory is always accurate
Financial conditions (inventory investment and profitability) are readily available
Theft/fraud/diversion—shrink is easy to spot when PMS and shelf disagree
Free up working capital
Choice of manual or automatic EDI ordering

Replenishment with perpetual:

This requires reorder points and on-hand quantities for every item in your formulary. With these in place, you can replenish manually or automatically via EDI through your pharmacy management system when on-hands reach reorder points.

An inherent problem:

Maintaining reorder points for thousands of drugs, while recognizing fluctuating demand, is nearly impossible without technology. Datarithm’s cloud-based software uses algorithms that forecast demand, recognize trends, and automatically resets reorder points accordingly.

Benefits of Automation:

Monthly re-order point optimization—always in lockstep with changing demand and the preferences of management/owners
Automatic return and transfer recommendations
Improved fill-rates and inventory turns
Intelligent cycle counting
Data analysis allows a close study of purchasing trends
Reduced ordering time—more time for your patients

Learn how moving to perpetual and/or automating your process can be transformative. Let Datarithm® Do the Work For You – click here for more information and schedule your free demo today.