1. Shelf Life Management
Pharmaceuticals have strict shelf lives, requiring high standards in inventory management. Expired medications must be returned to suppliers or destroyed.
2. Inventory Management
Demand volatility makes accurate forecasting difficult, leading to either excess inventory or shortages, which affects business operations and customer satisfaction.
3. Drug Safety Issues
In the event of a drug safety incident, it is challenging to quickly trace back the source and assess the impact, potentially causing severe damage to brand reputation.
4. Batch and Expiry Date Management
Managing drug batches and expiry dates requires tracking the status of each batch to ensure compliance and safety.
5. Compliance with Regulatory Packaging and Labeling
Diverse product packaging, including varying quantities and types, complicates unified management. Different products have unique labeling requirements that must comply with regulations, such as those from regulatory bodies, including complete packaging and barcode requirements (which include GTIN#, expiry date, quantity, and batch number), making the process complex.
6. Unified Payment Challenges with Multiple Delivery Addresses
When dealing with multiple delivery addresses, coordinating unified payments becomes complex, increasing financial management challenges.