Every functioning business should have its own inventory system, no matter how modest, even a small, work from home business should have it. Here’s a good example. And here’s why it’s making money. This is a pharmacy inventory system, also abbreviated as POS for ease of reference, for those in the know. Those in the know are, generally speaking, retail pharmacy store owners, and with a lot on their plates these days.
But they can also be large pharmaceutical companies and the (sales) representatives that distribute their stock. They can be all the medical practitioners, both general and specialist. They are all specific stakeholders. Having a well-controlled pharmacy inventory system goes further than just making money for the retail pharmacy store. It goes as far as saving lives. That is to say that all prescribed medication orders can be met without delay.
Critically ill patients do not need to wait. Long before their next medication order comes in, the retail pharmacist is able to replenish his stock. He knows what’s coming. His customized inventory system is going to issue him with reminders. It keeps regular tabs of all the regular customers on the retail pharmacist’s database which incidentally is directly linked to the pharmacy inventory system or POS. But making money?
It’s possible to make money, lots of money with the POS. That’s because here’s a system where nothing goes missing. And even if it did, it’s amazing how quickly those guilty footsteps can be traced. Whoever was caught with their fingers in the cookie jar can be dealt with. With a well-functioning inventory system, any business, no matter how large or small, no matter what kind, can survive.
No one needs reminding that it’s not easy running a business these days.