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Pharma

Inventory Management

Track stock levels, manage suppliers, and optimize inventory turnover.

About This Solution

Never run out of stock or overstock again. Real-time inventory tracking helps you optimize levels, reduce waste, and fulfill orders faster.

Key Benefits

  • Real-time stock level tracking
  • Automated reorder alerts
  • Barcode and QR scanning
  • Multi-warehouse support
Case Study

How MediStock Pharmaceuticals transformed with Inventory Management

The Challenge

A pharmaceutical distributor was managing 8000+ SKUs across 3 warehouses using manual stock counts. Expiry-related write-offs were eating into margins. Sometimes out of stock on fast-moving items while slow movers collected dust.

The Solution

MavIQ Inventory Management implemented barcode scanning throughout the warehouse. FIFO picking was enforced automatically. AI-driven reorder points considered lead times, demand patterns, and expiry timelines. Dashboard showed real-time stock across all warehouses.

The Results

Full implementation in 4 weeks

  • Expiry-related write-offs reduced by 78%
  • Stock accuracy: 94% → 99.7%
  • Warehouse labor costs cut 30%
  • Stockout incidents reduced to near zero

Ready to Get Started?

  • 1
    Audit current inventory processes
  • 2
    Set up barcode scanning system
  • 3
    Configure reorder rules and alerts