Pharmacy inventory represents a controllable expense that should yield a profit if managed correctly. Unfortunately, in the world of community pharmacy, the time between the layout of capital and the realization of profit carries a degree of uncertainty. As a result, community pharmacy has a cash flow challenge that is often taken advantage of by larger direct competitors with their incestuous relationships to the capital layers of big pharma. A community pharmacy’s inventory, or formulary, is an inherent risk at best and a bad bet at worse. Click here to read the rest of the article.
