THE Inventory iQ TEAM
The People That Power Our Business
Our team knows numbers. We have been deeply entrenched in accounting and data analysis specifically in the pharmaceutical inventory management field. We apply what we have learned in data, finance and pharmacy to help you get more leverage in a highly-competitive and ever-changing industry.
How we got Here
At Inventory iQ, we have mastered the art of combining the superior care independent pharmacies provide with the logistical concepts of inventory control to maximize pharmacy performance. We are proud of a few key milestones that got us to where we are today.
Future Founders Come Together
Future Inventory iQ founders, the Hinkle Brothers, attend and graduate from Auburn University studying different and complementary business areas.
Inventory iQ is founded
The group begins developing their accounting principles and approach to effective inventory management, proving out their concepts within the Hinkle Pharmacy
NCPA, APA, PCCA members
We believe in connecting with the pharmaceutical industry at every stage and level of the business to give our customers the most integrated experience.
Average Cash Flow Realized
The average cash flow Inventory iQ was able to realize for their customers in their first year of operation.
Total Cash Flow Realized for Customers
Today we have achieved $22.5M in cash flow realization for Independent Pharmacies via Inventory iQ services.
Proudly Serving Pharmacies with Success
The Hinkle brothers founded Inventory iQ and have helped nearly 400 pharmacies improve their inventories.
Between them they had the knowledge and passion to launch a successful business. The team had direct experience in Hinkle Pharmacy in Bessemer, Alabama. It was this experience that gave the team insider knowledge of the pharmacy business model.
Hinkle Pharmacy has also provided Inventory iQ a test case for developing their algorithm and honing their services. The team knew they could help pharmacy owners do business more effectively with a data driven approach to their inventories.
Since that time, the team has added additional talent and tools to give their customers a complete inventory management solution. Through our innovative inventory forecasting system, we can reduce excess inventory without sacrificing sales.
Inventory iQ has decrease the number of prescriptions owed by accurately stocking for the needs of our patients. They have saved Pharmacies 10.7 Million in wholesaler returns, 4.6 Million through MatchRX, 1.4 Million in expired goods, and 3.5 Million in scheduled drugs for a total of 22.5 Million in cash flow realized for Independent pharmacies.