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Pharmacy

12 July 2024 | Orridge Powered by RGIS

Pharmacy

The Benefits of Multiple Stocktakes

Given the expanded role of pharmacies in direct patient care, it is more essential than ever to ensure that healthcare products are always available, enabling patients to be treated effectively and without delay.

Increasing the frequency of stocktakes helps ensure the accuracy of inventory records so that any stock discrepancies can be caught early, reducing the likelihood of significant issues accumulating over time. It also holds staff accountable for inventory management with greater authority, promoting diligence in record-keeping and reducing the risk of theft or loss.

Regular stocktakes help identify products nearing their expiry, ensuring that expired or soon-to-expire products are removed from shelves. This maintains the quality and safety of medications dispensed to patients and makes it easier to ascertain slow-moving stock, thereby optimising inventory space for fast-moving items and reducing waste.

By conducting more than one stocktake a year, pharmacies can maintain better control over their operations, ensuring they meet regulatory standards, manage their inventory effectively, and provide high-quality service to their customers. If customers receive the products they need more often, it will lead to higher customer satisfaction and trust, which in turn produces repeat business and additional customers through word of mouth.

This is where Orridge can help. Our specialist pharmacy stocktaking business has been trusted by customers in all medical settings since 1846. We combine data capture technology with operational expertise to provide every customer with a cost-effective stocktake service that reflects their individuality.

“Fast is fine, but accuracy is everything” - Wyatt Earp −