can aid in
the financial and operational aspects of a business.
Financially, it can decrease costs in terms of goods
and operational expenses, which results in
increases in gross margins and net profits. Not
having a product when needed may cause the
pharmacy to lose a sale and potentially a customer.
Furthermore, not having the needed product at the
right time may cause physical harm to a patient,
especially in settings (e.g., hospitals) where
life-saving emergency drugs are needed routinely
at a moment’s notice.
effective inventory management