Zomeds: Unlocking the potential of Pharmaceutical Supply Chain using technology
In the past decade the Indian pharmaceutical market has witnessed a steady growth and is expected to grow to US$100 billion by year 2025 from current market size of US$30 billion. At the same time, it is marred by challenges pertaining to operational infrastructure and performance. It becomes imperative for the industry to fix the existing glitches in the way it operates. One of the most prominent challenges the industry faces today is of the supply chain. Improving the supply chain management can get companies the most required competitive edge.
Issues such as inefficient flow of data for demand sup-ply post CFA clog the supply chain business due to which pharma companies faces sale volume loss. The extent of loss varies up to 10% with tier 1 and tier 2 cities having the higher share. Adding to the worry for Pharma companies is increasing share of spurious and fake drugs in the market. As per Assocham, 25% of the drugs in the Indian market are spurious. State of the art technology for improving supply chain is indeed the pressing need of the industry to salvage the current circumstances.
ZOMEDS is offering the much needed SaaS solutions in SCM for Pharmaceutical Distribution segment. ZOMEDS offers end to end supply chain management platform which helps distributors, whole sellers, and stockist to manage promote and sell their business online.
Enterprises in the supply chain are broadly concerned with challenges accustomed to cost, transparency and predictability. In a scenario where government is capping margins for various drugs, enterprises needs efficiently manage supplies in order to reduce cost. These enterprises require constant updates regarding good's supply, orders, locations, etc. for better transparency and demand planning. Companies are also looking for better supply and demand mapping to manage and plan their resources efficiently. Zomeds focuses its solution to alleviate the existing deficiencies of the supply chain. Vikrant Mehta, Director ZOMEDS tells, “Zomeds Solution focuses on improved supply chain solutions at the post CFA pharma value chain.
It provides the ability to generate orders track deliveries online for distributor and retailer both. Also, it gives access to retailer with vital data regarding inventory availability, estimated time for delivery enabling avoidance of orders with zero stocks.”
At present Zomeds is catering precisely to the needs of Pharma Distributors and Retailers. Zomeds has ensured its clients avail the right benefits of the technology by providing for them seamless integration through various ERP data systems.
The order generated online gets plugged into the distributor’s system and creates invoices; it also generates inventory updates on real-time basis. Zomeds has also integrated GPS tracking to better facilitate distributors with supply commitments and timeliness. For retailers, it has helped to break away from the time and geographical constraint, increasing their mobility and access. Realtime inventory facilitates them with ease of operation and better decision making helping them to minimise prescription bouncing.
Zomeds avails the cloud servers thus ensuring 99.99% uptime with best in class data security. Zomeds is working closely with advisors who possess in-depth knowledge of the pharmaceutical industry to continuously provide insights on evolving customer’s needs. It helps to introduce new services every six months enabling ZOMEDS to evolve in an agile way.
ZOMEDS being one of the early entrants in the field of developing SaaS solutions in SCM for Pharmaceutical Distribution segment has been leveraging the cloud technology to its optimum. The company has seen a growth ride ever since its inception. It is continuously adding new clients every month. Zomeds believes transparency to be a must have ethics in business practices to develop strong working relationships with customers.
At present Zomeds is catering precisely to the needs of Pharma Distributors and Retailers. Zomeds has ensured its clients avail the right benefits of the technology by providing for them seamless integration through various ERP data systems.
ZOMEDS is offering the much needed SaaS solutions in SCM for Pharmaceutical Distribution segment
The order generated online gets plugged into the distributor’s system and creates invoices; it also generates inventory updates on real-time basis. Zomeds has also integrated GPS tracking to better facilitate distributors with supply commitments and timeliness. For retailers, it has helped to break away from the time and geographical constraint, increasing their mobility and access. Realtime inventory facilitates them with ease of operation and better decision making helping them to minimise prescription bouncing.
Zomeds avails the cloud servers thus ensuring 99.99% uptime with best in class data security. Zomeds is working closely with advisors who possess in-depth knowledge of the pharmaceutical industry to continuously provide insights on evolving customer’s needs. It helps to introduce new services every six months enabling ZOMEDS to evolve in an agile way.
ZOMEDS being one of the early entrants in the field of developing SaaS solutions in SCM for Pharmaceutical Distribution segment has been leveraging the cloud technology to its optimum. The company has seen a growth ride ever since its inception. It is continuously adding new clients every month. Zomeds believes transparency to be a must have ethics in business practices to develop strong working relationships with customers.
