Co-Founder
Current
Bessemer, Alabama, Us
Inventory iQ is an inventory consulting and perpetual inventory installation service for independent pharmacies. In 2014, Inventory iQ saved over $1,515,000.00 for 25 independent pharmacies. By 2017 Inventory iQ saved over $9,120,000 for 110 independent pharmacies with a total match Rx savings of over $2,200,000.Inventory I.Q. converts non-perpetual inventory systems to perpetual inventory systems by providing a team of inventory specialists to individually count drugs and update the pharmacy's computer system. If a perpetual inventory system is already being used, Inventory I.Q. will provide their forecasting calculations to reduce the pharmacy's inventory to an optimal and efficient level. Also, Inventory I.Q. will provide a drug package analysis to determine if your pharmacy is ordering cost effective package sizes compared to the pharmacy's usage. While doing this, Inventory I.Q. scans your wholesaler to insure your pharmacy is ordering the cheapest brand available as well. Any non returnable/non usable items will be pulled and suggested to sell on a secondary market. Any expired goods found will be pulled as well as the inventory specialists are building your drug profiles. Inventory I.Q. will train your staff on how to utilize electronic ordering methods through the pharmacy's computer system. Inventory I.Q. will also teach your staff on how to make smarter purchases from the pharmacy's wholesaler. BenefitsIncreased cash flow, increased probability to fill more prescriptions, reduce expired drugs, increase profit margins, reduce pharmacy stress, reduce owing medication, accurate inventory levels for taxes, increase your inventory turnover ratio, and train your staff on how to manage your inventory effectively.For additional information feel free to visit our website www.InventoryIQ.netor contact Wade personally.Wade HinkleInventory I.Q. LLC.1-800-253-2013Email: w.hinkle@inventoryiq.net
