Operations
Maximising Your Benefits with a Lock Purchase Agreement
A lock purchase agreement is a legally binding contract between a pharmacy and a supplier of pharmaceutical products. The purpose of the agreement is to ensure that the pharmacy has a reliable source of drugs and other products at a fixed price, and ...
Navigating the Process of Outsourcing Your Hospital's Pharmacy: A Step-by-Step Guide
Floating a private tender for the outsourcing of pharmacy operations in a large hospital can be a complex process that requires careful planning and attention to detail. Here are the general steps you can follow to float a private tender for this ...
MRP, PTS, and PTR: The Essential Definitions
In the pharmaceutical industry, MRP stands for "Maximum Retail Price," which is the highest price at which a product can be sold to the end consumer. The MRP is determined by the manufacturer and includes the cost of the product, as well as any taxes ...
The Top Marketing Strategies for Your Pharmacy in 2022
There are several marketing activities and promotions that can be done for a pharmacy in 2022: Create a website: A website can be a useful tool for promoting your pharmacy and providing information about your products and services. You can use your ...
The Essential Factors to Consider When Choosing a Location for Your Pharmacy
In India, there are several factors to consider when selecting a location for a pharmacy: Accessibility: The location should be easily accessible to customers, either by foot or by car. Demographics: The location should be in an area with a ...
Understanding the Different Types of Pharmacies in India
There are several types of pharmacies in India, each serving a different purpose and operating in a unique setting. Some of the main types of pharmacies in India include: Standalone medical store: A standalone medical store is a retail pharmacy that ...
Chemist vs. Pharmacy: What's the Difference?
In India, a chemist is a person who is trained in the field of chemistry and is responsible for preparing and dispensing medications. Chemists may work in a variety of settings, including hospitals, laboratories, and pharmacies. A pharmacy, on the ...