What is a potential consequence of not having a proper inventory management system in place?

Not having a proper inventory management system in place can lead to frequent stock shortages, which profoundly impacts the pharmacy's ability to meet customer demand. In a retail pharmacy setting, maintaining an adequate supply of medications and products is crucial for ensuring that patients can obtain their prescriptions and over-the-counter medications without delay.

When inventory is not effectively managed, items may be overlooked or run out without timely replenishment, leading to situations where customers arrive to find the products they need are unavailable. This not only dissatisfies customers but could also drive them to seek alternatives, ultimately affecting the pharmacy's reputation and revenue.

In contrast, enhanced inventory management allows for better forecasting of demand, optimal stock levels, and streamlined ordering processes, reducing the likelihood of stock shortages and bolstering overall business performance.