Pharmaceuticals

Prescription and OTC (Over the Counter) drug distribution.

The management of the supply of pharmaceuticals from manufacture to wholesaler requires a particular emphasis on rapid, efficient, safe and continuous supply. The handling of medicines is regulated and careful inventory management (First Expired First Out), including expiry date management and batch tracking is required. The handling of multiple language packaging materials is also complex.

Financial analysis within the industry involves the management and monitoring of regulated margins or prices, costs and revenues by cost centres, product groups, products, disease areas, as well as performance by wholesaler and customer. Liquidity is a common problem in the final market, and days sales outstanding, and average outstanding days are essential measures.