Efficient inventory management is crucial for healthcare organizations to ensure patient satisfaction, maintain financial stability, and mitigate supply chain risks. Moving forward, drug manufacturers must adapt their inventory management processes to accommodate the Drug Supply Chain Security Act (DSCSA) serialization requirements, balancing the challenges with the potential benefits of improved patient safety, supply chain efficiency, and regulatory compliance.

As the landscape of the industry continues to evolve, the need for more improved Channel data insights becomes more apparent. Manufacturers require Channel and Gross-to-Net operations to be aligned more than ever and, as a result, Channel data monitoring must evolve as well. IntegriChain has developed Inventory Roll Forward monitoring to meet this need. Inventory roll forwards help to understand the accuracy of inventory movement reported by trade partners so that stakeholders can take more timely and more informed action. Manufacturers can expect to obtain the following benefits by routine, monthly monitoring of inventory roll forwards.This report will become an essential tool for effective inventory management, providing insights into product availability, financial accuracy, and supply chain performance.

Ensuring Product Availability: Anticipate and meet product demand, and work to prevent stockouts

Pipeline Accuracy: Determine faster and more accurate accruals, as well as reduce true ups

Managing Supply Chain Risks: Identify potential supply chain disruptions early on and take proactive measures to mitigate their impact. Inventory management helps companies build resilience and minimize risks associated with supply chain uncertainties.

To better assist manufacturers in the Inventory Roll Forward for individual trade partners and brands, our tool includes several layers of analysis across critical datasets.In addition to the Inventory Roll Forward tool, a concise dashboard helps users to validate the sales alignment between the 852 data and 867 data. Users also have the ability to view a Monthly Sales Reconciliation breakdown, which analyzes the EXF quantity reported against key 852 metrics. 

We recommend users run this report on a quarterly or monthly basis to assess whether the inventory roll forward is within an acceptable range. If the inventory roll forward, sales alignment, or sales reconciliation metrics raise any additional questions for the user, this analytics tool allows users to dive into the data at a daily level to triage the root cause of the issue.

If you would like to learn more about Inventory Roll Forwards and how they can lead to more accurate and timely data quality and monitoring, or are looking to bolster your Gross-to-Net solutions, please contact your Account Manager or Customer Engagement Representative to discuss how IntegriChain can help support you.