Posts

Keeping Your Inventory Investment Lean and Mean

Image
The largest investment for most distributors is the inventory on the shelves.  Taking the time to make sure it's lean and mean is a great way to keep cash flow moving and keep your business in top shape. The tools to do this are always evolving and to take advantage of the latest in data analytics,  The MDS Inventory Management system  offers up these new tools.  Using MDS you can use these tools to help calculate what items should be dumped from inventory and help inventory managers make the case that carrying costs of that inventory exceed the potential profit that that might have actually created. Tools to help you choose what items to make specials or overstock Inventory analysis kpi and item analysis Dead inventory analysis / KPI  Trending items analysis with trendlines for Number of times ordered , gross profit and carrying cost.  With our advanced inventory analysis KPI you can now see in real time what percentage of sales an item makes up over what ...

To Lot Control or Not Lot Control - Conversion is easy..

Image
Lot and Serial number control are a key element of new regulations about securing the US drug supply chain. B ut implementing lot control in a warehouse environment can be a sometimes tedious and or problematic process. Converting an item to lot controlled typically requires warehouse setups, software changes and upgrades and physical label changes for many distributors. So how can we stay in compliance without crippling warehouse through put and business operations? The answer is our new MDS Product Lot Conversion Utility. Rather than take an item off the shelves, remove it from open orders , change sales history or create a new item and transfer inventory. The MDS system now simplifies the process of setting up an item as lot controlled  and allows you to convert items on the fly without impacting business operations. By simply setting up some defaults for your lot or serial controlled item, you can convert you existing inventory to a lot controlled item and move your warehouse o...

Not Who's watching the store, What's watching the store..

Image
In the old days we used have someone watching the storefront to make sure nothing left the shelves without someone paying for it.   And today we have little tags on retail products and scanners to make  we don't leave the store with items we have not purchased, but for distributors the question now becomes: Not Who is watching the store, but rather What is watching the store..  As a distributor most of you struggle with making sure your profit margins are within the range you expect, but manually checking each invoice is a time consuming and poor solution. So how do you keep watch while allowing your business to grow?  With our new MDS ProfitWatch System you can have the system watch for items that fall with in a certain Gross Profit Range and either: Alert you to items on Profit Hold via email Create a Daily Report of exceptions Place the Order on hold so that no items will ship Place the Invoice on hold so that you ship the items but can adjust pri...

Trust but Verify, A Solution for Short Dated Products..

Image
Short dated and expired goods – whose responsibility is it? It seems that  wholesalers/suppliers and manufacturers cannot agree on who should take the financial hit when products need to be pulled from the shelf.  As a distributor since you use inventory control practices to ensure consistent product turns, which drive the re-order process, Those controls should be able to minimize the incidence of non-salable expired goods.  However having said that it's not always consistent across the board and many vendors offer different policies about returning expired goods. Additionally it can be a significant sales opportunity if you are aware of, and have the information on what products are going to become short dated and use that to make a large sale or purchase.  If there is a business "partnership" where the supplier agrees to ship you items with a minimum expiration date with the MDS-Nx you can now Trust but Verify. On a vendor by vendor ...

Try before you buy...

Image
Imagine your business operations cleaner easier and faster The Systems House’s Try and Buy offering will allow you to evaluate the MDS-Nx system with your Customers and Products.. The MDS-Nx Distribution System is a cost-effective, enterprise wide system specifically designed to meet the business challenges of Medical/Pharma distributors.  Let us show you our system working with your information to make your operations cleaner easier and faster today. For a Limited Time we are offering a  FREE   try before you buy implementation of the MDS-Nx System with your data on our cloud servers. Click Here  to start your try and buy today!! Don’t be held back by standalone software systems that cut performance and profitability. Increase speed and precision of business processes, from sales orders to financials to purchasing Connect customers, manufacturers and partners across multiple systems, so the right products get to the right locations at the right times  Conf...

Sticky Marketing - Make your Own Reorder Labels

Image
The MDS-Nx System now offers Reorder Labels  designed to support long-term care , Retail Pharmacy and offers integration with our ScanConnect Web Based Inventory Management System.  Reorder Labels can contain standard Product label information as well as contact information, pricing  and quantity as well as the date ordered to prompt the  customer to reorder in a timely fashion.   Reorder Labels are a standard Zebra label and use off the shelf and readily available technology. Reorder Labels integrate with our Fast and Accurate Barcode Inventory Management System called ScanConnec t. With ScanConnec t your customers can reorder by using barcode scanners directly in each facility and sending the orders to you via the Internet. It benefits both you and your customers by: Saving time and order costs Eliminating keystroke-generated errors Reviewing scheduled orders allowing for inventory management and automated reorders For more information on TSH or MDS...

Rebates and Contracts and Sales Tracings, Oh My!!

Image
Some us of may be familiar with the phrase Lions and Tigers and Bears Oh My!! if not see the video below. But what it has really come to represent is someone who is fearful of a rumored threat. But if you watch the movie or see the story you will realize it was not a real threat, just something to scare you with..  Well in many industries,   Rebates and Contracts and Sales Tracings have come to represent those scary rumored threats. And prevent companies from taking advantage of contract pricing and costing options.  But with the MDS Rebate Management System that's no longer a problem. —       Simply match to the example Spreadsheet from your vendor —and save it as an MDS Rebate Format. —Then use it to generate a sales tracing based upon your selection criteria,  Using the output format specified by your vendor. To assist you MDS includes a database of  pre-existing —Vendor Format Templates available as a Library. now you don't hav...