Inventory Management, Guide

A Comprehensive Guide to Pharmacy Automation & Inventory Management

What They Didn’t Teach in Pharmacy School:

Terms, Trends, & Tech to Know in 2022

Inventory is the single largest investment and ongoing expense every pharmacy has.

And it’s important to maintain accurate on-hand stock positions as well as establish when and how much to replenish the stock to meet anticipated demand while avoiding overstock or out-of-stock situations. Both of which can negatively impact a pharmacy’s bottom line. 

The good news? An inventory management system can help provide better stock control, replenishment, and drug dispensing. In return, your operating costs will decline, while profits, cash flow, and customer service improvements through the operational efficiencies gained.

For your pharmacy to thrive, implementing an inventory management system is the best solution to optimize stock control, replenishment, and drug dispensing.

Grab this guide to discover everything they didn’t teach in pharmacy school, including: 

  • What is pharmacy inventory management and three recognized methods 
  • How automation can benefit your pharmacy and tracks inventory in real-time
  • Understanding the financial impact inventory has on your pharmacy, key elements of pharmacy financials, and examples
  • How to transition to a perpetual method and implement an inventory management system to help your pharmacy thrive

If you’re a pharmacist, pharmacy tech, or involved in the inventory and supply for your pharmacy, this comprehensive guide will help you understand the ins and outs of pharmacy inventory management and the myriad of benefits automation technology can provide.

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