Inventory Monitoring provides a structured framework for assessing the performance and efficiency of pharmacies and consumer outlets where life science products are sold. This process is used to drive consumer sales at the point of sale by evaluating various aspects of product placement, availability, and accessibility, ultimately leading to improved sales performance.
Customers can use Inventory Monitoring to:
- Capture Detailed Data - Users can collect placement information
- Monitor Product Levels - Continuous assessment of product levels facilitates timely reorders, ensuring optimal stock availability. See Continuous Inventory Monitoring.
- Record Metrics - Essential metrics, for example, the number of facings, product positioning, layering, and both horizontal and vertical spread are easily recorded
- Capture Visual Representations - Enhanced clarity through visual representations of products and services aids in informed decision-making. See Photo Tagging for Inventory Monitoring and Capturing and Attaching Photos for Inventory Monitoring
Not all features are available on all platforms. For a list of available platforms for each feature, see Platform Functionality.
Users and Roles
Inventory Monitoring has the following types of users:
- End Users
- Collects and records inventory and product placement information
- Uses inventory information to help pharmacists increase consumer sales
- Uses inventory information to drive new orders
- Ensures contractual obligations for product placement are met
