Are you aware of how much of your Ayurvedic and Homeopathic drugs are going out of stock? Do you have customer-wise sales history and discounts? Ayurvedic and Homeopathic inventory management has a crucial role in the healthcare industry. Mainly because people’s lives are at stake. An inventory management software helps you understand detailed information on Ayurvedic and Homeopathic medicines drugs. It also helps you to keep track of stock levels to avoid understocking situations. The software also helps you to automate other business processes such as billing & sales, barcode management, purchase process, GST filing, expiry date management, and so on.
Let’s take a look into why inventory management software is essential for Ayurvedic & Homeopathic stores.
Article Content-
- What is inventory software for Ayurvedic & Homeopathic stores?
- Why is inventory software crucial for an Ayurvedic & Homeopathic business?
- Difficulties faced by Ayurvedic & Homeopathic stores
- Key features of an Ayurvedic & Homeopathic inventory management software
- What does SWIL Software offer for your Ayurvedic and Homeopathic business?
- Conclusion
What is inventory software for Ayurvedic & Homeopathic stores?
An inventory management software for an Ayurvedic & Homeopathic store is easy to use and implement. It is a complete solution for unique business process management and needs. It is designed to handle the demands of the industry in a quick manner.
It is designed to provide the best support system for Ayurvedic & Homeopathic businesses. It upgrades itself from time to time according to the market needs. With the help of inventory software, any Ayurvedic or Homeopathic store can maintain precise and up to date stock records of drugs. It is one of the most significant jobs of any Ayurvedic and Homeopathic store.
Why is inventory software crucial for an Ayurvedic & Homeopathic business?
Due to advanced technology, it has become easy to handle the chaos faced in managing Homeopathy and Ayurvedic stores. The software provides a new dimension to the doctors and pharmacists to manage their store better.
It helps to lessen the burden through drug management, sales management, purchase management, accounting, billing, GST filing, managing expiry, and so on. It makes every Ayurvedic & Homeopathic store’s business process easy and hassle-free.
Apart from this, the software is developed to face any business challenges like escalating expenditures, stringent government regulations, quality control, and cost optimization. Moreover, it reduces other tasks like fraud and waste to manage the ongoing consolidations.
The inventory software helps to integrate your Ayurvedic and Homeopathic store with software systems. It provides you a valid business strategy to track and manage store assets. You can also manage people data, finances, vendor and customer relations.
Apart from this, the software is developed to face any business challenges like escalating expenditures, Integrating your business with the right software system provides a valid business strategy for tracking and managing store assets, people, data, finance, and supplier-customer relationships.
An inventory software for your Ayurvedic & Homeopathic store is a one –stop solution for all your billing, stock handling and accounting needs. It also helps you with several other administrative duties. It is cost effective and manages your whole retail business effortlessly. It helps with fast billing using barcode scanner supported POS systems.
Difficulties faced by Ayurvedic & Homeopathic stores
- Overstock of Ayurvedic & Homeopathic drugs
- Patient prescription management
- Loss or theft of medicines
- Tracking expiry dates of drugs
- Under – stocking of Ayurvedic & Homeopathic drugs
- Sorting and filtration of drugs as per need
- Bill generation
- Creation of sales report
Many of these difficulties can be resolved with the help of the inventory software features such as asset tracking. It is done with the help of barcodes, QR codes, RFID, etc. These can be done to get real – time location and inventory data.
The inventory software allows you to find the required inventory without wasting any time and energy. You can get a complete view of your Ayurvedic & Homeopathic store’s inventory stock available at different locations.
Key features of an Ayurvedic & Homeopathic inventory management software
1. Systematic stock management
- You can manage all your Ayurvedic and Homeopathic medicines well with the inventory software.
- It also informs you when your medicine has expired and when your inventory has been exhausted or exceeded.
- Overall, you can also use this software to easily track your current drug inventory.
2. Real time tracking
- The inventory software gives you active time tracking that is updated at all times.
- You will have an accurate inventory count of your medicines.
- You can track inventory orders and re-order it automatically if it’s falling short.
3. Instant business notification
- You can have your business’s complete control in your hands.
- It can provide you alerts on bill edits, zero sock, daily or weekly business summary.
4. Data management
- Create customized attributes for your Ayurvedic & Homeopathic business data.
- Maintain consistent data across outlets by merging any duplicate data.
- Organize data in a structured manner in regards to suppliers, customers, service providers, transporters, employees etc.
5. Warehouse management
- Track your medicine inventory movement completely.
- This includes indent requests from outlets, receipts of the indents at the warehouse, dispatch of stock, stock receipts, etc.
- Monitor stock that’s in transit that has not yet been received by the receiving entity
6. Supply chain management
- Track supplier performance, purchase order status, goods inward status.
- Get discrepancy reports from mismatches between PO and invoice of medicines.
- Generate non-moving inventory reports based on specific dates.
- Provision for settling reorder quantity, minimum and maximum stock level for all medicines.
7. Price management
- Import or export changes in price for several items in a quick manner.
- Get control on fixing the price of medicines.
- Change the selling price based on category of medicine, product type, bulk drugs, etc.
- Be able to apply discounts on drugs and other products as per store discretion.
8. Administration
- Manage security settings based on hierarchy, roles and policies for employees.
- Centralized admin and master control for your store.
- Create employee schedules, onboard new employee data as per outlet.
9. Accounting
- Generate user specific classification of groups, ledgers and vouchers.
- Bill payments for suppliers, customers, and bank reconciliation management.
- Get trial balance, balance sheet and profit and loss accounts for your store.
- Set outstanding payments and collection alerts.
- Manage GST filing and other compliances.
What does SWIL Software offer for your Ayurvedic and Homeopathic business?
SWIL Software is an easy-to-use, easy-to-implement, flexible, customizable, and complete solution that addresses the unique business processes and needs of software entities in the Ayurvedic and Homeopathic industries. SWIL Software is designed to meet all your needs in the most efficient, effective, and accurate way.
It provides the best support system for Ayurvedic and Homeopathic businesses and is constantly updated as needed by the market. It automates the daily operations of your store such as prescription management, case management, dosage information, treatment history, disease history, real-time inventory management, and tracking, accounts management, and stock tracking. You can also generate reports and perform analyzes according to the unique needs of your homeopathic business. For more info, check out https://www.swindia.com/
Conclusion
An Ayurvedic and Homeopathic inventory software solution is specifically designed for a single business. This is a complete management software that provides business owners with a complete sales solution. You can automate POS processes and business transactions. It’s wise to invest in one to make your life hassle-free. It will help unlock a new level of productivity for your business.
