For pharmaceutical companies.

Better control of substitutable products and Product of the Month

With Tamro’s new Generic Substitution Tool, you get a consolidated basis for monitoring, analysing and understanding the development of your substitutable products. Information on sales, pricing and stock balance is gathered in one single application. This gives you better conditions to see how your products develop over time, how they perform within relevant substitution groups, and how Product of the month affects sales and stock requirements.

Decision support for a dynamic market

Product of the month is designated monthly by the Swedish Dental and Pharmaceutical Benefits Agency and refers to the product with the lowest sales price per unit within a specific substitution and package size group, provided that the company has confirmed that the product can be supplied throughout the full price period.

When a product becomes product of the month, sales patterns can change. Therefore, it is important to be able to track current and upcoming PV status, analyse historical sales and see how outcomes differ between periods with and without PV status. With Tamro Generic Substitution Tool, you get support for planning based on the right conditions and acting with greater control.

The tool helps you to:

• Track sales over time within relevant substitution groups.
• See what share of sales occurs when the product is product of the month.
• Compare sales through Tamro, your own withdrawals and the total market.
• Analyse price development for products and market participants within the same substitution group.
• Identify current and upcoming PV status.
• Calculate how long stock will last under different sales scenarios.
• View current stock balance, customer backorders and open purchase orders.
• Filter by substitution group, package size and PV status, for example.

Read more about the service here in our product sheet.

Contact us to learn more about how Tamro Generic Substitution Tool can support your work.