DrugXpert Blog

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 do...

What will you do if a client walks into your community pharmacy demanding for a product you don't have at the moment? Promise to stock it in your next purchase? Say you don't sell that product because of some reasons? Source for it yourself around for the client? Or let the client walk away? This is a crucial decision every community pharmacy contend with almost all the time. The wrong approach can harm the business in the long run. Client and pharmacist Community pharmacy businesses survive from patronage from clients. Getting new clients is the desire of every community pharmacist and retaining them is the goal. As long as the community pharmacy shop is in a good location, having new clients is easy. But retaining them requires so many things. Read Also :  How to prevent out of stock in community pharmacy Both pharmacists and support staff always get training on how to make clients happy. Management always makes sure products are available. But there are times a client may de...

Good purchasing policy and inventory control are the bedrock of community and hospital pharmacy. For community or hospital pharmacy to survive, it must have stock at all times. Failure on this area alone can hinder the success of the pharmacy. Having stock at all times is one thing, having the right stock at the right quantities is the bottom line. Any pharmacist that wants to survive must develop a simple purchasing policy and inventory control. They all achieve one goal which is to increase sales and reduce cost. Read Also : Steps it took to revive a dead community pharmacy Purchasing policy involves knowing the right quantity and quality to buy, when to order, at what price and from what source. Inventory control is the result of this buying. Benefits Of Purchasing Policy And Inventory Control A good purchasing policy and inventory control system help to achieve the following goals; Sales: when a product is out of stock, the profit is lost to another community pharma...