ENTREPRENEURSHIP

Detailed explanation-1: -Pharmacies must establish a baseline upon which to build their perpetual inventory system. Operators have several options to conduct this initial, baseline drug inventory. Special expertise is not required. It can be done by existing pharmacy staff and technicians.

Detailed explanation-2: -A perpetual inventory is the maintenance of an accurate count of all schedule II controlled substances in a pharmacy or institutional pharmacy.

Detailed explanation-3: -Records data in real-time. Provides a detailed paper trail. Decreases inventory management costs. Calculates end-of-year inventory balance. Step 1: Point-of-sale system updates inventory levels. Step 2: Cost of goods sold is updated automatically. More items •10-Oct-2022