News

16 August 2017

What Are The Benefits Of Purchasing From Pharmaceutical Wholesaler

People fall sick and they may need drugs to treat the medical conditions. There are several places from where pharmaceutical drugs can be purchased. Before deciding on where to buy drugs, you should make sure that you choose a reliable supplier with a wholesalers’ license for medication. Buying medicines from pharmaceutical wholesalers can be a good idea if you want to buy medicines in bulk.

Let’s have a look at some of the advantages of buying medicines from a pharmaceutical wholesaler:

Lower prices

Pharmacists who want to buy medicines in bulk should look for a reliable wholesaler so that it can help save a lot of money. Buying medicines from a retailer would cost more than buying from a pharmaceutical wholesaler. Pharmacists wanting to purchase in bulk should take advantage of lower prices by purchasing medicines from a wholesaler.

Range of products

Wholesalers always stock different kinds of drugs. Hence, pharmacists can purchase several different types of medicines. As you get a wide range of products available at wholesalers, you can get everything under one roof.

Convenience

Most of the pharmaceutical wholesalers sell several items under one roof. Therefore, pharmacists can save a lot of money and time from moving from one shop to another.

Discounts

There are many pharmaceutical wholesalers who offer discounts on bulk purchases. You can negotiate with the wholesalers when you buy from them regularly. One can get lower prices than retailers as they are assured of constant demand.

Reduced risk

Wholesalers would require WDA licenses to operate. Hence, there is no risk when buying medicines from wholesalers. Avoid buying drugs from illegal stores or unlicensed individuals as it can be risky.

Supply information

It is easier to get information of some of the major changes that can affect the pharmaceutical industry. For instance, you can get information about any spike in price so that you can plan your purchases in advance.

Deliveries

Most of the pharmaceutical wholesalers offer delivery services to the retailers and shops. If you live around the store, you can enjoy the benefit of free delivery. If your store is located quite far from that of the wholesaler, you may have to pay the delivery charges, but it would be cheaper as compared to your own transportation cost.

Reduced cost of advertising

Some pharmaceutical wholesalers get advertising allowances from the manufacturers. Hence, if you buy medicines from wholesalers, you may be able to get the additional benefits of advertising allowance also. You can also try to advertise the drugs on a co-operative basis with the wholesalers.

Stock Control

There are some pharmaceutical wholesalers who help the retailers and shop owners control their stock. You can ask them if they can send your staff members to manage your stock levels on a regular basis.

Accounting assistance

A few pharmaceutical wholesalers compile manuals to help clients keep records. Some accounting agencies also provide accounting services to pharmacies at lower costs. Accounting can be managed easily when you tie up with reliable and trustworthy wholesalers.

When you need to buy medicines and drugs, make sure that you check the policies and guidelines of the wholesalers from where you buy the products. Get proper details about managing the stock, marketing strategies and public relations before making the decision of choosing a wholesaler.

Smartway is an MHRA approved wholesaler of pharmaceutical products with Wholesale Distribution Authorisation (Human & Veterinary) issued by the British Government

Smartway is registered with the General Pharmaceutical Council (GPhC). GPhC Registration No. 2068514. Pharmacy Registration No. 9010774

Smartway is in the list of non-ABPI member companies that voluntarily comply with the ABPI code of practice

Smartway has a Controlled Drug Licence (Schedule 2, 3, 4 [Part I & II] &5) issued by the Home Office department of the British Government

Smartway is an accredited supplier to the World Health Organization

Smartway is a proud member of both the London and Merton Chambers of Commerce