Ensuring accuracy with Pharmacy stocktaking

Managing your pharmacy’s inventory is a crucial aspect of running an efficient, compliant, and financially sound business. A detailed and accurate stocktake ensures your pharmacy is always prepared for audits, regulatory requirements, and operational success.

Year-end stocktakes provide a comprehensive review of your stock, allowing you to:

Gain an accurate financial snapshot of your stock for reporting and planning.

Provides information to comply with the Basis Period Reform requirements established by HMRC – GOV.UK

Identify and remove out of date or non-compliant stock.

Barcode scanning for greater accuracy

Barcode scanning technology offers:

Efficient stock identification, eliminating manual errors by categorising stock through barcodes rather than product names/types

A precise value per stock category, making financial assessments more detailed and reliable.

Prepare your pharmacy 

Proper preparation ensures smoother and more accurate stocktakes:

Implementing stock rotation practices prevents overstocking and older stock used first.

Utilising part-packs and organising them effectively ensures even partially used inventory is accounted for.

At Orridge, we specialise in efficient, hassle-free stocktakes tailored to the specific needs of pharmacies. Our expert team ensures minimal disruption to your operations while delivering accurate, reliable results.

If you want to find out more about our stocktaking services and process, contact our Pharmacy team – pharmacy@orridge.co.uk or call 01922 472000