Rx Note

Introduction An inventory management is an organized approach designed to maintain just the right amount of pharmaceutical products in the pharmacy at all times. A key goal of inventory management is to maximize inventory turns while at the same time minimize inventory carrying costs (or holding costs). Products should be used and not remain on the shelf aging. Although drugs left on the shelf could be considered as financial assets, their useful shelf life wanes with each passing day and excessive inventory is an unproductive asset, tying up money and resources that can be used in running other elements of the pharmacy operation or business as a whole. A variety of inventory systems are used in pharmacy practice, ranging from simple to complex. Order Book When pharmacists or pharmacy technicians identify a product that need to be reordered, they simply write the item in the order book. The listed drugs are then ordered periodically from wholesalers or other suppliers. It is highly d...