Case Study: Inventory Management Excellency by Advanced Analytics in Retail Pharmacy

Case Study Highlights

Problems:

  • Pharmacy’s underperformed inventory management is the direct cause that may lead to discontinuity or interruptions during patient’s medication.
  • Pharmacists need more technological facilitators to fully support patient adherence.

Solution:

  • An AI model that provides an estimated drug consumption for the following period, which was analysed based on a dataset of 3-year transactions from nearly 100 pharmacies.

Benefits:

  • Increasing overall performance by reducing overheads from small frequent-purchases.
  • Improving stock planning with accurate drug-consumption estimation.
  • Enhancing prescribing process and patient’s medication control.

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