QAD Advanced Pricing Management, Medical

QAD Advanced Pricing Management, Medical (QAD APM Medical) gives life sciences suppliers the complete scope of functionalities for managing contract, pricing and promotion activities –— from planning through execution, administration and evaluation.

Trade spending represents 15-30% percent of gross sales for impacted life sciences manufacturers. The second highest expense for companies behind the cost of goods sold. In many cases, manufacturers either accept the costs associated with investigating the claims or write off claim amounts entirely. Retailers and healthcare buying groups often exploit this so that manufacturers carry virtual lines of credit for them increasing their profit margins. APM Medical allows manufacturers to level the playing field.

The Value of QAD APM Medical

• Sales channels can be easily defined to improve structure and control of pricing
• A wide variety of promotions can be managed easing contract management and reporting
• Managers can easily compare planned to actual trade spending against a preset budget to quickly discover excessive spending
• Dynamic ability to structure and maintain GPO or IDN memberships reduces upkeep times and ensures appropriate pricing
• Flexible configuration of contracts by buying group, customer group, or customer
• Reduced time, cost and risk of legal exposure associated with contract non-compliance
• Increased profitability through reduced transaction errors and ineligible payments

QAD APM Medical Process Flow

>>View Data Sheet