Dealing with the daily logistics of inventory purchasing, procurement and control is a task that most pharmacies struggle with, particularly when their dispensing volume is growing.  Adapting to those changes or even getting a weak program under control is difficult when the primary role of the pharmacy is patient care.   Most pharmacies also do not realize the value of the data that they must collect in each prescription.  FootHill has, through need, developed the tools to predict utilization requirements through statistical, seasonal projections.  Without sophisticated logistics, a pharmacy inventory will either be stagnant or will run short of the necessary medication.

The second problem pharmacies face with the supply chain is negotiation of contracts.  Based on the concept of consolidating purchasing wherever possible, a pharmacy of moderate size can influence market share. Calculating the optimal purchasing program, taking into account discounts received from suppliers, is critical to maintaining cost efficiency. With years of experience in purchasing negotiation, FootHill can assist you in determining the best way to direct the negotiation of your contracts with suppliers, based on your product mix and clientele, in order to maximize your financial benefit.

Pharmaceutical manufacturers and wholesalers must maintain an acceptable level of profit, and are quite proficient in providing proposals that accomplish this end. The key to negotiation of contracts that are beneficial to the pharmacy is data.  Your pharmacy has the information needed to model projected utilization with a number of supplier templates to determine which cost structure provides the greatest advantage to your organization without alienation of suppliers. Our associates have, for over 17 years, been successful in developing algorithms to model utilization projections to the most beneficial contract template.  We can assist your organization in negotiation of these agreements through the use of your own data so that you are not subjected to the data of the supplier.

FootHill associates are experts in the field of pharmaceutical supply chain logistics, and can assist your company in streamlining this process to increase cost efficiency, reduce error and buy right.