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Tag: Marketing
Don’t let your pharmacy layout hurt sales! Design a floor plan that: Follows regulations but reflects your brand. Guides customers with clear flow and signage. Slows them down to browse with attractive displays. Uses the “right turn effect” to promote key products. Highlights impulse buys near the entrance.
The XYZ analysis refines the ABC framework by considering product demand variations at your pharmacy. It helps reduce the risk of overstocking, improve forecasting accuracy, and lower inventory costs. Category X products have low demand variability (<10%), category Y has moderate variability (10-30%), and category Z has the highest variability. Combining XYZ with ABC gives…
ABC analysis is a vital inventory management system for pharmacies to prioritize products based on their impact on revenue. Grade A products drive 80% of revenue but require tight control to avoid expiries. Grade B items are of moderate value and Grade C items contribute the least to revenue and are prone to expiries. Continuous…