Expentory is a team of pharmacists, tech-savvys, and businesspeople who think pharmaceutical industry is ready for a disruption.
Expentory is an automated and self-executing system that helps pharmacies to reduce their direct refunding costs. This will affect the economy of pharmaceuticals. For patients, this means lowering costs. For pharmacies, it means more profits, and for manufacturers, it means reduced costs.
Expentory is a solution for preventing waste and expiry of medicines. It is an intelligent trading platform for pharmacies around the globe to sell and buy medicines, in particular those which are close to expiry dates. The major motive for founding Expentory was to preserve the environment. Chemicals, plastics and other materials that are created as a result of decomposition of expired medicines are released into the oceans or dumped into the ground. By using Expentory, pharmacies can manage and track which medicine is expiring and either manually or automatically trade it with other pharmacies which are in low supply of that particular medicine.
After data entry, all information of that medicine is being fetched. Close to the expiry date, the system will alert the user to either use it or put it for sale.
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By turning on this feature and setting the requested policy, Expentory will automatically sell the remaining stock of a specific medicine to another pharmacy before its expiry.
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If a pharmacy is in short supply of a specific medicine, it can easily search and bid for existing listings of that medicine in just a few seconds and order it.
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You can easily chat with other pharmacies on the platform and talk about their offers or your biddings before making a decision or even after the transaction is done.
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First, you should register on the platform. After sending your request, our experts will contact you and check your license. Then, Expentory will give you a username and password to login and use the platform.
Yes. Every licensed pharmacy can register on the platform and share its medicines or see other pharmacies shared inventories without any charge. In case of happening a deal, Expentory charges the seller by a percentage of the transaction amount as the commission.
Actually, the main advantage of Expentory is that it can be used with any other inventory management software. Pharmacies don’t need to migrate completely to use the features of Expentory.
You can input your inventory data manually and automatically. By automatically inputting data, you can easily export a file from your inventory management software and import it to Expentory to have all of your inventory data updated.
All collected data is encrypted through a P2P system with high-grade protection levels. No other pharmacies has access to a pharmacy’s non-shared information.
All transactions are being guaranteed by platform. The selling money will not delivered to seller until the buyer acknowledges the order delivery.
