IT’S TIME TO MAKE A MOVE ON THOSE GLOBAL LOCATION NUMBERS

It’s only six short months until your pharmacy needs to be in compliance with the full enactment of the Drug Supply Chain Security Act (DSCSA). And it’s up to you to make sure there aren’t any missing pieces. Global location numbers (GLNs) are required for all supply chain trading partners. If you’re still not sure about how GLNs relate to DSCSA compliance and your facility, it’s time to look into these compliance basics.

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LEARN TO SHIFT RETURNS FROM HASSLE TO COMPETITIVE ADVANTAGE

If asked about your top three e-commerce challenges, returns would most certainly be in the mix. They’ve been the bane of most merchants’ operations for at least the last few years — although, to be fair, returns always seemed like a hardship. But what if we’ve been thinking about them the wrong way? It’s time to look at returns as an opportunity, one that — if tapped correctly — could be a boon for your business. Transforming the pain of returns into a true competitive advantage requires focusing on three key initiatives:

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ALRIGHT E-COMMERCE MERCHANTS, TIME TO TIGHTEN UP RETURNS

Dealing with returns means dealing with waste and margin loss. You can’t stop that, it’s true, but it turns out you can control how much. Now that the economy is normalizing, there’s time to focus on your pain points. The e-commerce boom turned out to be a returns boom as well. Addressing the logistical issues this caused for your business starts with setting goals for more manageable returns.

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TIME TO UNCOVER A NEW LEVEL OF PAYER CONTRACTING VISIBILITY

The payer contracting landscape has shifted. Fixed discount, or AWP minus, models have given way to a blend of “traditional” fixed discounts and effective rate reimbursement. And pharmacies are wondering, what does that mean for us?

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HOW A LITTLE TECHNOLOGY COULD MEAN A WHOLE LOT OF MONEY

A major national retailer was in trouble. Quality issues with their shipments were delaying speed to shelf and negatively impacting their customers’ buying experiences, resulting in profit erosion. They needed a solution. Having a flexible data platform means better transparency, and more control. And in this case, both were exactly what this retailer needed to upgrade their inbound and outbound shipment quality, killing three birds — delay, poor experience, and waning revenue — with one solution.

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Understand And Optimize Your Deductions

Deductions, also known as chargebacks, happen when retailers or distributors don't pay their invoices in full to CPGs and manufacturers — and the $ can add up fast! That’s why it’s so important to assess them quickly, see if they’re actually valid, and determine if you should push to get that money back. 

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GET THE SCOOP ON THE NEWEST CHANGES TO DSCSA EXEMPTIONS

We all know the Drug Supply Chain Security Act (DSCSA) is changing how the industry operates, but even after full enactment, it won’t be a one-time change. Especially when it comes to what is or isn’t exempt. 

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Fill out the form for instant access to our 2023 Digital Shopper Demographic Report!

It’s no surprise shoppers are relying on coupons and incentives, particularly in the wake of record-high inflation that has only recently begun to ease. But how are shoppers from different generations looking for and using those incentives?

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Experience The Power Of This Fast, Easy, All-In-One Solution.

Mistakes happen: Products can be damaged during shipping, expired foods can accidentally get left on the shelf, manufacturing defects can impact quality — the list goes on. And, while shoppers might wish for perfection, they realize it’s not always possible. In fact, they’re willing to be understanding, but only if you make it right quickly and easily.  In a recent Inmar survey, 64% of people said they are likely or very likely to buy a product again if the brand resolves the issue effectively.

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