ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

INVENTORY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is a key factor to success in a pharmacy
A
Non trained employees
B
Inventory management
C
Pharmacists who can’t management inventory
D
Having the stocks full without selling
Explanation: 

Detailed explanation-1: -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-2: -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.

There is 1 question to complete.