ENTREPRENEURSHIP

Detailed explanation-1: -There are three methods used in pharmacy to manage inventory: the visual method, the periodic method, and the perpetual method [2-4]. The visual method implies the pharmacist (or other designated personnel) to visually compare the stock on hand with a listing of the amount of products that should be carried.

Detailed explanation-2: -What is Pharmacy inventory management: An overview. Pharmacy inventory management is the science and art of managing the inventory of pharmacy effectively whereby the process or system helps the manager/owner reduce cost, improve operational efficiency, and minimize overstocking and opportunity loss.

Detailed explanation-3: -In a strict definition, pharmacy inventory is the product that is available and in saleable or usable condition within your pharmacy. Pharmacy inventory may include nonsalable items such as out-of-date products or recalled items not yet processed. This includes pharmaceutical ingredients used in compounding.