Independent Pharmacy Accounting, Inventory Issues, Pharmacy Growth

The Impact of Pharmacy Inventory Management on Gross Margins | Sykes & Company, P.A.

Your pharmacy inventory is critical to your gross margins. Learn how to properly manage your inventory to achieve a good industry average gross margin of 22-23%. In this video, Ollin Sykes of Sykes & Company, P.A. discusses inventory management and its affect on gross margin, how inventory turns effect cash flow and gross margins, and what steps you can take to achieve the industry average if you find your independent pharmacy is falling short. Watch this video to learn how your inventory affects your gross margins and how critical it is to your pharmacy growth.

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