Inventory Purchasing
CuraScript SD continuously works to provide the products you need to support your patients. To ensure this, we have policies, processes, and systems that work together to maintain sufficient inventory levels and support routine customer demand. Customer order fill rates are tracked and monitored to verify that we are performing at above average fill rates. Our dedicated purchasing team works closely with manufacturers to provide expected usage and monitors product availability while our procurement team strives to be proactive and diligent in supporting customer demands by regularly reviewing backorder reporting to detect any need for alternate drug sourcing.
Maintaining Inventory
Our inventory is planned from an initial forecast and is regularly updated based on actual demand. Product is reordered based on its most recent purchase history, which is maintained in CuraScript SD’s system with on-hand and on-order quantities. This information, combined with consideration for market forecast issues — such as seasonal demand, plant shutdowns, product supply shortages, and new indications — allow our inventory plan to be updated in real-time.
FEFO
CuraScript SD follows the first expiry first out (FEFO) inventory management processes to limit our inventory of short-dated or expired product, helping ensure product integrity and patient safety. When an order is filled, the distribution database selects the lot number with the nearest expiration date. The lot number and expiration date print on a pick list so our distribution associates pull the correct inventory for the order. During the quality inspection and packing process, the product’s NDC and lot number is rechecked against the expiration date on the pick list to verify that the correct product was pulled from our inventory. We reconcile daily shipping reports with weekly stock status reports to confirm that product with the nearest expiration date was used.
Alternate Distribution Center
CuraScript SD carefully maintains inventory par levels for products within each of our distribution centers based on the unique inventory needs of the customers within the distribution center’s region. This provides us the flexibility to support product fulfillment at various distribution sites across the country. In the event of a supply shortage or other market event, our automated system routes customer orders to any of our distribution centers where product is available for shipment.
Learn More
For more information about our products, practice solutions and to request a quote, click here.
References
https://curascriptsd.com/Provider-Solutions/specialty-distribution
