Pharmaceutical drug products must be received, stored, handled and distributed using certain protocols and practices. Such procedures not only ensure the quality, efficacy and integrity of the drugs themselves(e.g., temperature controls) but they also must comply with the rules issued by various regulatory authorities (FDA, EPA and DOT) and all applicable Federal and state laws, including The Drug Supply Chain Security Act.
WDSrx uses industry-leading technology to enable its clients to efficiently achieve these goals. The flexibility of its IT infrastructure gives WDSrx the ability to integrate seamlessly with its clients’ systems and to offer clients several different technology programs that can increase efficiency even more.
For professionals who don’t specialize in IT, the jargon around 3PL technology can sometimes be intimidating, mystifying or confusing(or all three at the same time). Here’s a plain English breakdown of WDSrx’s five current technology programs for inventory and warehouse management:
Complete Order-To-Cash Services (OTC)
The time that elapses between a customer placing an order and the seller’s receipt of payment for those goods is a crucial metric for any business. It drives revenue growth, the amount of working capital and ultimately, the business’ relationships with its customers.
To streamline this central process for its clients, WDSrx offers an end-to-end technology solution for converting orders to cash:
- Credit & Order Management
- Order Fulfillment
- Shipping & Transportation
- Customer Invoicing & Payments
- Accounts Receivable Management
- Collections & Disputes Management
- Days Sales Outstanding (DSO) Analytics & Reporting
- Customer Care
Like all of WDSrx’s inventory technology programs, clients have real time access to their orders using a secure virtual dashboard.
ERP and EDI Integration
ARCOS refers to the Automation of Reports and Consolidated Orders System that requires pharmaceutical manufacturers and distributors to report their transactions. First mandated in 1970, ARCOS now uses EDI to streamline the exchange of information between the pharmaceutical industry and officials, eliminating the use of paper forms. WDSrx generates multiple reports on a regular basis with governmental and other authorized partners to comply with legal requirements.
Advance Shipping Notice (ASN) Generation
Keeping the customer informed of the real time status and location of an order is a constant challenge of supply chain logistics. As part of WDSrx’s 3PL services it provides advance shipping notices (ASN) are a current requirement of the Drug Supply Chain Security Act (DSCSA). ASN generation can also be linked to WDSrx’s customer invoicing services so that ASNs and invoices are produced and transmitted simultaneously.