Stock Taking & Inventory Management · Pharmacies
Independent Pharmacy Group
Cutting shrinkage and freeing working capital across 4 pharmacy locations.
62%
Reduction in shrinkage
28%
Reduction in dead stock
99.2%
Inventory accuracy achieved
Client Overview
Independent Pharmacy Group
Industry: Pharmacies
Challenge
Where the Business Stood
High stock discrepancies and shrinkage across four pharmacy locations were eroding margins, while dead stock tied up working capital the business needed for growth.
Solution
What We Implemented
We conducted full stock audits across all locations, implemented ongoing cycle counting, introduced barcode-based inventory controls and rebuilt reorder points based on actual demand.
Results
The Outcome
Inventory accuracy improved dramatically, shrinkage dropped, and capital previously locked in dead stock was freed for reinvestment.
“For the first time, our stock numbers actually match what's on the shelf.”
G
Group Pharmacist & OwnerIndependent Pharmacy Group