StockRx Case Study

The idea

About StockRx

StockRx is an intelligent software to manage pharmacy stock, in an industry where stock control remains inaccurate, expensive, and highly time-consuming.

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This a mobile application that digitalizes and improves the SIM process. StockRx represents an integrated Software-as-a-Service (SaaS) inventory management tool, using a combination of AI-driven demand forecasting and automated lowest-cost sourcing. It also provides supply chain intelligence and puts the pharmacies' data all in one place for them. 

The process

Services

• Product Validation
• Product Management
• Mobile Development
• UX/UI Design
• Quality Assurance 

Technologies

• React Native

Deployment & Infrastructure

• AppCenter

Tools

• Figma
• Adobe Illustrator

The solution

Currently, pharmacies do not have any software or digital solution for booking in the stock they receive. Antiquated technology has kept stock management a highly manual process – a major pain point for pharmacies. Pharmacists are forced to use their judgment to work out which medicines to reorder and must then manually compare prices across different wholesalers - a highly inefficient process that takes a pharmacist close to 40 working days per year.

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They are also having problems with understanding what types of medicine they should order in the future. StockRx is also tackling this pain point by using AI to forecast future needs and offering full transparency in its supply chain.

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StockRx aims to solve a significant stock management problem in modern medicine.

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