Stock management can be an obstacle for small and medium-sized pharmacy chains that are in the process of expanding geographically, expanding digital operations or setting up a dark store. But the adoption of WMS systems has emerged as a resource for improving this operation without relying solely on supplies from distributors.
WMS systems are already part of the routine for retailers, distributors and logistics operators, allowing automated management of a storage unit. Pharmacy chains adopt WMS for a number of reasons, including the need to efficiently manage a large volume of products, ensure accuracy in the distribution of medicines, comply with strict regulations and improve operational efficiency.
“This alternative allows the pharmacy manager or owner to have access to real-time analysis of the flow of goods available and even provides recommendations for the best use of space according to the characteristics of the product mix,” says José Pereira, Procfit’s implementation leader.
Here are four benefits of WMS for stock management:
1. Reduced operating costs
By providing an analysis of the ideal stock according to the physical space, the technology reduces the time spent locating a product. The system already indicates the appropriate layout for each category of medicine or hygiene and beauty item. This reduces the operating costs caused by excess movement of items. In addition, it can help maintain product rotation more efficiently through FIFO (first in, first out) or FEFO (first in, first out) practices.
2. Stock visibility
The use of WMS provides clear visibility of stock levels in a precise manner, giving managers more confidence when estimating the products to be sold. The WMS can work in conjunction with your pharmacy’s ERP through the purchase planning functions, sharing accurate information on the turnover and performance of each product or category.
3. Traceability
Many WMS automation solutions have RFID technology and other tracking methods, minimizing breakage, the risk of loss or keeping a stock of expired or near-expiry drugs.
4. Less time wasted on checking
With WMS in pharmacies, checking deliveries made by the distributor, which includes checking the order, the invoice and the merchandise itself, becomes more agile. The speed of this procedure improves the relationship between business partners, avoiding stresses that are often common, such as the slow unloading and checking of orders.
How much does it cost?
The cost of implementing and using WMS software is linked to the size of the operation in which the system will be used, the number of users, SKUs and even possible customizations to the processes.