Formula Service You Can Count On. GUARANTEED RETURNS FOR INVENTORY MANAGEMENT
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1 TheWinning Formula FOR INVENTORY MANAGEMENT Figuring out the winning formula for inventory management can be challenging. Not figuring it out, can be devastating. GUARANTEED RETURNS Service You Can Count On
2 The Winning Formula Better Inventory + = BIG $ Management GUARANTEED RETURNS Service You Can Count On. SAVINGS At Guaranteed Returns, we recognize that inventory management goes beyond pharmaceutical returns. Let us help you optimize obsolete, damaged and excess drugs to positively contribute to your pharmacy s bottom line. To learn more, visit us on the web or call to set up an appointment with an experienced Regional Account Executive
3 You ve got a pharmacy to run we can help. Work with Guaranteed Returns to increase inventory-turns and realize financial gains. Guaranteed Returns At a Glance Founder of Pharmaceutical Returns/ Reverse Distribution Industry Local on-site service representatives and management available Fully licensed/ compliant with DEA, EPA, RCRA, FDA, DOT, OSHA, PDMA & all state boards of pharmacy, where required Verified Accredited Wholesale Distributor (VAWD) Certified Healthcare Distribution Management Association (HDMA) Returns Task Force Member
4 A Tale of Two Pharmacies... Inventory IT Solutions Pharmacy A Approximate Inventory Value: $950,000 Dead Stock Inventory Value: $190,000 Monetized Inventory (Increased working capital): $114,000 Pharmacy A recently installed a Computerized Physician Order Entry (CPOE) system. They are focused on patient safety and reducing medical errors. Pharmacy B Approximate Inventory Value: $950,000 Dead Stock Inventory Value: $190,000 Monetized Inventory (Increased working capital): $0 Pharmacy B doesn t have the funds to invest in new healthcare IT solutions their money is tied up in inventory. Discounts Pharmacy A was able to reduce drug expenses by taking advantage of discounts on their fast movers they had available shelf space! Pharmacy B can t do this their shelves are loaded with dead stock. Staffing Pharmacy A recently hired a new pharmacy technician. Pharmacy B has the same FTE count for the last three years they are under staffed and have heard that the hospital is looking to make job cuts. Both pharmacies wrestle with the typical issues; returns, staffing, cost containment, patient safety and maintaining a positive margin. The difference is that pharmacy A doesn t wrestle with inventory management they have figured out the winning formula. Pharmacy A is working with Guaranteed Returns to increase cash flow, improve inventory-turns and to reduce opportunity and carrying costs. Which would you rather be?
5 No more dead stock... Strategies are developed collaboratively to remove dead stock inventory, free up shelf space and strengthen the capital position of the pharmacy. Expired, obsolete, excess and slow moving inventory are taken into consideration. New reporting systems... After your inventory management strategy has been implemented, you will have access to the GR-XtraNet TM online reporting system. This system provides customized business intelligence reports which can help you optimize Return on Investment, minimize Pharmaceutical Waste, and assist with Purchasing Decisions. There are a whole host of invaluable reports that you can use for decision making purposes Top Returnable Products by Manufacturer, Top Non-Returnable Products by Manufacturer and Top Reason Codes for Non-Returnables just to name a few. Of course, the GR-XtraNet TM also provides complete accountability and visibility into required cradle to grave documentation.
6 For over 25 years, Guaranteed Returns has provided pharmaceutical return services to hospitals, governmental agencies, independent retailers, chain-stores, long term care facilities, mail-order pharmacies and clinical pharmacies. Our business review consultations, inventory management assistance and an unbeatable customer service department are just a few of the attributes that customers say sets GRx apart. Our flagship program, ReverseLink One has been recognized as the most cost effective return goods program ever to be offered by any 3rd party returns company. Guaranteed Returns is dedicated to making pharmaceutical returns as simple as possible for customers while attaining the maximum amount of credits available. Guaranteed Returns puts their 25 years of knowledge to work every day continually investing in new programs, technologies and people - which is why GRx delivers Service You Can Count On. GUARANTEED RETURNS 100 Colin Drive, Holbrook, NY Connect with us to learn more.
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