|PDX Targets Inventory Management||| Print ||
Through an agreement with Rx Net Services, located in Syracuse, N.Y., users of both the PDX pharmacy system and the new Enterprise Pharmacy System will have access to an integrated Rx Net platform for managing drug inventory. The integration will automate inventory management functions provided through Rx Net's Targeted Inventory Management System (TIMS). TIMS is designed to address a subset of every pharmacy's prescription drug inventory. By tracking drug expiration data, providing a chain-wide view of specific inventories in all store locations, and creating an electronic intra-chain transfer of slow-moving prescription drugs to locations where they will sell, TIMS can lower inventory levels, increase turns, reduce drug return volumes, and unlock substantial cost savings. According to PDX, integration of the Rx Net program will be available in the first quarter of 2011.
Jeff Farris, CEO and president of PDX, sees this partnership with Rx Net as a way to "better manage a very costly portion of prescription drug inventories." Dana Carder, president of Rx Net, says that "this analysis and automated inventory transfer represents our newest innovation, which complements and enhances other functional components of the TIMS software suite."