Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Download PHAR 746 Pharmacy Management
Document related concepts
Transcript
PHAR 746 Pharmacy Management Stacy Ramirez, Pharm.D. Clinical Assistant Professor Department of Pharmacy Practice Goal Explore the importance of effective inventory management and outline tools to achieve this goal Inventory Product Single largest expense Least liquid asset Poor management negatively effects – Profitability – Service – Morale – Patient lives Inventory Management Minimizing investment Supply and demand Inventory Management Purchasing – Right product – Right vendor – Right time and amount – Right price Inventory Management Space Target Markets Past Sales Right Product Industry Information Seasonal Factors Formularies Inventory Management Right vendor – – – – – – Reliability Delivery options Access Management tools Extras Price Inventory Management Right time and amount – Cycle stock – Safety stock – Anticipatory stock Inventory Management Right Price – Actual cost – Up-charges – Rebates – Discounts Payment Bulk Exclusive agreement Inventory Management Ordering Process – Manual or visual – Perpetual inventory – Combination Inventory Management Evaluation – Inventory turnover ration (turns) ITOR=cost of goods sold/ average inventory Service – Out of stocks Inventory Management Return process – Vendor or wholesaler – Manufacturer – Controlled substances – Return to stock – Patient returns Recover Capital Product in Unable to Sell Inventory Management Technology – Computer tracking – Web-based ordering – Robotics – RFID 340B Allows eligible entities or designee to purchase products significantly below AWP Prime vendor program Must be managed separately from other stock Safety net program
