Reducing waste and helping customers save money with our Short Dates and Special Buys solution
Launched by Cencora in July 2022, the Short Dates and Special Buys solution was developed to give pharmacies access to discounted generic injectables, specifically those with an impending expiration date, through a simplified buying process. Finding and purchasing short-dated medications is typically a frustrating and time-consuming endeavor, making it prohibitive to pharmacy teams that are already stretched thin. Our solution offers these products to customers within their normal purchasing workflow, ABC Order, which enables them to purchase large volumes more efficiently so they can achieve greater savings without disrupting their day-to-day operations.
Not only does this solution offer several advantages to pharmacies looking for discounted products, but it also delivers value to our manufacturer partners. Aggregating substantial volumes through our Short Dates and Special Buys solution streamlines their distribution processes. It helps them offload expiring inventory, avoid labor-intensive sales activity, and maximize their returns — all while reducing supply chain waste.
Initial success and continued innovation
In just two years, Cencora made over 180 short-dated medications available to nearly 500 health systems, pharmacies, and other providers. This resulted in the sale of 110,000 units at discounted prices, resulting in over $9.6 million in savings for our customers.
Our Global Products & Solutions team is continuing to build on this early success by enhancing our operations and developing dashboards for better solution management. These helpful tools make it easier for us to track inventory, monitor sell-through rates, and calculate customer savings. We will also continue to expand the types of products we source from our suppliers. Our goal is to give pharmacies the widest selection of short-dated medications to help them realize more cost savings and improve patient care.
Reshaping how healthcare is delivered with new products and solutions
