Keeping With Stock Demand During The Festive Season

One of the basic tips to succeed in a community pharmacy is having all the products patients want. Keeping to that is not easy. The problem is compounded during rush seasons such as pandemic or festive season.

Stock during festive season

During festive seasons, many wholesale outlet close and pharmaceutical manufacturing companies take a break from production. They resume the new year. In some cases, the second week of the new year. Community pharmacies have two things to consider when stocking during the festive season; no where to buy products and rush for drugs.

Read Also: How to keep stock demand all year round

Because of the rush, you need to stock above normal stock value. Now, because it will be difficult to get a new product, you need stock what will last throughout the festive season.

To be able to get an accurate figure what you need, take stock of your shop before most companies close for the year. Since most close before 18 of December each year, the stock should be done before the 5 of December. With the figure, use suitable software to run your sales for the whole year for each product. It will give you a mental idea how fast each product sells per period. Then multiply it.

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This method is just to give a mental picture of what you need. It is not a full proof method. The sales for each year is determined by several factors like competition, out of stock of nearby community pharmacies, the pandemic or wave of the period, etc.