carepact.co
Small and Medium Pharmacy Retailers, Hospitals and Distributors lack the bandwidth to afford advanced supply chain management tools or resources. Currently Purchasing, Order Management, Inventory Management and Payment processing are repeated, labor intensive efforts which often causes inefficiencies impacting their bottom line. CarePact helps our customers in healthcare Industry achieve 30% higher profitability by Supply Chain optimization, Group purchasing and back office process automation.
Website : https://www.carepact.co/
Current Status: Steady revenues
Business Model: B2B
Product Description
CarePact is a single platform ensuring seamless recurring trade
between retailers, hospitals, distributors, logistic providers, and banking
partners while ensuring supply chain efficiencies across the board. CarePact
make use of data driven algorithms and Machine learning to automate and
optimize Purchase, inventory management and payment processing among retailers,
at the same time automate order management, pricing and payment collections among
our distributor community in Indian Healthcare industry.
Benefits for Hospitals, Clinics and Retail Medical Shops:
- Purchase automation: Auto generates purchase orders based on
accurate demand prediction
- Inventory Optimization: Minimizes working capital required
at pharmacies and stores while eliminating out-of-stock and dead stock issues
- Automated item receipt and Payment processing: Replicates
manual efforts involved in item receipt, invoice entry, returns, ledger entry
and vendor payments improving staff utilization over 60%
- Demand Aggregation: Pools demand from multiple retailers to
avail bulk volume discounts and rate contract from manufacturers ensuring best price
for all medicines and consumables
Benefits for Healthcare Distributors, Stockists and
Manufacturers:
- Expands your market reach: Generates recurring sales from
extended markets without any payment collection risks
- Supply Chain Analytics: Advanced analytics helping you to
profile customers/product lines and better strategize customer-centric pricing and
promotions
- Automated Order processing: Digitalized order management
ensuring minimal errors and item returns
- Inventory Optimization: Real time demand predictions helping you to minimize working capital stuck at inventories while eliminating out-of-stock and dead stock scenarios
- Product Data Management: an advance digital product cataloging enabling you sell your products on multiple eCommerce platforms and digital stores