Purchasing and Inventory Control

1. Purchasing and Inventory Control

2. Outline • Preparing an ideal monthly order from a specific drug store. • Quantity overstock for a specific item. • Quantity shortage for of specific item • Dealing with near expiry and expired items. • Dealing with damaged products.

3. Outline • Preparing an ideal monthly order from a specific drug store. • Quantity overstock for a specific item. • Quantity shortage for of specific item • Dealing with near expiry and expired items. • Dealing with damaged products.

4. PREPARING A MONTHLY ORDER Consider the following: • Available quantity in stock. • Average monthly sales for that item. • Calculating the exact needed quantity of the item, based on the difference between the average sales & the available quantity.

5. Outline • Preparing an ideal monthly order from a specific drug store. • Quantity overstock for a specific item. • Quantity shortage for of specific item • Dealing with near expiry and expired items. • Dealing with damaged products.

6. Quantity overstock for a specific item • Not considering available quantity. • Duplicate orders. • Extra stocking of a slow moving item.

7. Outline • Preparing an ideal monthly order from a specific drug store. • Quantity overstock for a specific item. • Quantity shortage for of specific item • Dealing with near expiry and expired items. • Dealing with damaged products.

8. Quantity shortage of a specific item • Not considering average quantity. • High season for a specific product. • No good stocking of OTC products. • No monthly orders for all drugs stores. • Not ordering all item for a specific drug store and limit ordering to a known or a brand name of product.

9. Outline • Preparing an ideal monthly order from a specific drug store. • Quantity overstock for a specific item. • Quantity shortage for of specific item • Dealing with near expiry and expired items. • Dealing with damaged products.

10. Dealing near expiry or expired items. Dealing damaged products.