Are there still pharmacies relying on a single person to manage inventory manually? Does that single person have a great deal of head knowledge and experience in this process? Are they still using a spreadsheet-style “database”? Pharmacy owners and managers should be concerned that this is leaving the business open to an untold number of manual inputs, manual data and
It’s been said, “the more things change, the more they stay the same”. In community pharmacy, this could be restated as “the more things change, the keys to success stay the same.” While no pharmacy operates in the same way as 100 years ago, some things are still the same. In all cases, the location has to be convenient for
Owning a pharmacy operation is like running any small business. Many external pressures are acting on the industry that an owner cannot fully control. While it is possible to mitigate the impact of some of these challenges, others are much more difficult to manage. It is imperative, then, to control internal factors as much as possible blunting the impact of
By Maggie Lockwood, VP/ Sr editor at ComputerTalk INVENTORY MANAGEMENT, such as having a variety of medications on the shelf ready for the walk-in customer, is as much an art as it is a science. “I didn’t want our service to suffer,” says Chris Schiller, Pharm.D., who co-owns the four-store Economy Pharmacy with his wife, Becky. To eliminate surplus while still
by Jennifer Wilcox, Senior Account Executive, Datarithm Non-perpetual inventory systems are inefficient, as inventory levels are not real time, dollars invested are inaccurate, and orders are not based on forecasted demand. Read The Cover Story ⇒ Manage Inventory to Grow Your Pharmacy Non-perpetual with Datarithm results in cleaning data stored in the pharmacy management system, resulting in accurate on-hands with the suggested best order
Changes in the pharmacy landscape have been interesting in 2018. However, none of the developments this year happened in a vacuum. Many of these changes have been merely building for much of the previous decade. It doesn’t look like that trend will change any time soon. The Big Get Bigger The old baseball saying, “You can’t tell the players without
by Will LockwoodVP | Senior Editor – Computer Talk Magazine A pharmacy’s inventory is one of its biggest budget line items, and an area that requires daily attention. As such it can be one of two things. Managed poorly, it’s a drain on your time and cash flow. Managed intelligently, there is a wide range of positives.
“Play Like a Champion Today” – Notre Dame “The Process” – Alabama “A Michigan Man” – Michigan Those that know me well understand that I am passionate about the sport of football. Early in my professional career, I coached college football. These days I get my “football fix” working with a local high school football team in the evenings. It