ENTREPRENEURSHIP

Detailed explanation-1: -The medication master file contains all of the information needed for ordering, inventory, pricing, and distribution of pharmaceuticals.

Detailed explanation-2: -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 Pharmacy inventory may include nonsalable items such as out-of-date products or recalled items not yet processed.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.

Detailed explanation-3: -Poor inventory management can also result in failing to sell items before their expiry dates or not putting returned or uncollected repeat prescriptions back into stock. In short, effective inventory management is necessary to improve cash flow, increase margins by reducing waste and improve the service you offer.

Detailed explanation-4: -The periodic method. When pharmacists count the stock and compare it against the product list and quality in regular periods of time. The perpetual inventory management method. The hybrid method. 30-Mar-2022