Drug store and business management (Theory)- D. Pharmacy
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Course Name : Drug store and business management (Theory)- D. Pharmacy
Code(Credit) : DCPY1205(3-0-0)
Course Objectives
- Assess the overall level of progress in the pharmacy and make the necessary adjustments.
- Methods of determining the average annual or monthly pharmacy expenses and setting them.
- Knowledge of procedures related to the profession.
- Objective and moral value of entering the labor market and the aim of the pharmacy project.
- Methods and methods of assessing conditions and needs such as the needs of the pharmacist’s market
- Substantial differences between pharmacy management and warehouse management
- Technical inventory methods for monthly sales, inputs and outputs.
Learning Outcomes
After the completion of the syllabus the students are able to know about,
- Practical steps in solving the problems of the management of pharmacies and drug stores.
- Set up their own business in the pharmaceutical sector and Create the concepts learned into personal practice focusing on professionalism
- Know about the Legal requirement to open a drug store
- Know the concept of accounting
- Sales promotion
- Stock management
Course Syllabus
MODULE I - Commerce
Introduction- Trade, Industry and commerce, Functions and subdivision of commerce, Introduction to Elements for Economics and Management. Forms of Business Organizations. Channels of Distribution.
Drug House Management-selection of site, space Lay-out and legal requirements. Importance and objectives of purchasing, selection of suppliers, credit information, tenders, contracts and price determination and legal requirements thereto.Codification, handling of drug stores and other hospital supplies. Inventory Control-objects and importance, modern techniques like ABC,VED analysis, the lead time, inventory carrying cost, safety stock, minimum and maximum stock levels, economic order quantity, scrap and surplus disposal.
Sales - promotion, Market Research, Salesmanship, qualities of a salesman, Advertising and Window Display.
Recruitment, training- evaluation and compensation of the pharmacist.
Banking and Finance-Service and functions of bank, Finance planning and sources of finance.
MODULE II -Accountancy
Introduction to the accounting - concepts and conventions. Double entry Book Keeping, Different kinds of accounts.
Cash Book.
General Ledger and Trial Balance.
Profit and Loss Account and Balance Sheet.
Simple techniques of analyzing financial statements.
Introduction to Budgeting.
BOOK REFERENCES
Remington's pharmaceutical sciences
Drug store business management- Mohammed Ali and Jyoti Gupta
Session Plan
Session 1
introduction to drug store and business management
https://www.slideshare.net/BharathRaj20/drug-store-and-business-management-64383360
Session 2
business and industry
https://www.slideshare.net/KirtiGupta59/presentation-on-small-business-industry
Session 4
elements of economics
https://www.slideshare.net/RidwanSifat/ten-principles-of-economics-75734199
Session 5
pharmaceutical management
https://www.slideshare.net/mbenyitzhak/pharmaceutical-management-systems
Session 6
business organisation, characteristics and organization
Session 7
private organization ,partnership
https://www.slideshare.net/mehulgurjar15/private-sector-30952091
Session 8
public , co- operative society and state enterprises
https://www.slideshare.net/RajGahlot/cooperative-society-44957656
Session 9
channel of distribution, advantages and factors, direct selling
https://www.slideshare.net/shakey_blossom/distribution-strategy-ppt
Session 10
types of channel distribution- indirect selling, mail order business
https://www.slideshare.net/abhi23agrawal/channels-of-distribution-30901556
Session 11
types of retailers and super market
Session 12
channel of distribution for pharmaceuticals and drugs
Session 13
drug house management
https://www.slideshare.net/NIGARMUJAWAR/drug-house-management-213329031
Session 14
layout plan and legal requirements for drug store
Session 15
purchasing- types, function, objective
https://www.slideshare.net/partharoychaudhry/purchasing-36881801
Session 16
purchasing- procedure and modes
https://www.slideshare.net/partharoychaudhry/purchasing-36881801
Session 18
price determination and calculation of retail price
https://www.slideshare.net/rajnishkumar71/retail-pricing-presentation-786974
Session 20
handling of drug stores and other hospital supplies
https://www.slideshare.net/NaveenSharma45/drug-storage-mantanance
Session 21
inventory control introduction and objectives
Session 22
method of inventory control- ABC, VED analysis and lead time
Session 24
inventory carrying cost, safety stock, minimum and maximum stock levels
https://www.slideshare.net/nishitmehta/material-management-1871635
Session 25
sales promotion introduction and objectives
https://www.slideshare.net/AnubhaRastogi/sales-promotion-in-advertising
Session 26
techniques of sales promotion
https://www.slideshare.net/AnubhaRastogi/sales-promotion-in-advertising
Session 27
salesmanship and types of sales man
Session 28
advertisement - objective, media
https://www.slideshare.net/SunilChichra/concept-of-advertising
Session 29
advertisement of pharmaceutical products
Session 30
Recruitment, training of the pharmacist.
Session 31
evaluation and compensation of the pharmacist.
Session 32
banking- primary and secondary function
https://www.slideshare.net/DsDeepikaSharma/banking-function-56396003
Session 33
finanial plannning and management
https://www.slideshare.net/KasamsettySailatha/financial-planning-64821702
Session 34
Session 35
external sources of finance
https://www.slideshare.net/BusinessManagement2/sources-of-finance-69531524
Session 36
Banking -Service and functions.
https://www.slideshare.net/NarayanGaonkar1/banking-services-43012852
Session 37
Introduction to the accounting- objects, facts
https://www.slideshare.net/AfzalurRahman/fundamental-of-accounting-introduction-of-accounting
Session 38
accounting concepts
https://www.slideshare.net/rahulkapoliya/accounting-concepts-and-convention
Session 39
accounting conventions
https://www.slideshare.net/rahulkapoliya/accounting-concepts-and-convention
Session 40
Double entry Book Keeping
https://www.slideshare.net/amaieidarus/ch-4-principles-of-double-entry
Session 41
Different kinds of accounts
Session 43
balancing and writting the Cash Book
https://www.slideshare.net/baburaoo7/journal-writing-66502358
Session 49
Profit and Loss Account
https://www.slideshare.net/ashwinprince/trading-profit-and-loss-account-76600163
Session 52
Simple techniques of analyzing financial statements- part 1
https://www.slideshare.net/NikhilHarshavardhan/financial-statement-analysis-76047386
Session 53
Simple techniques of analyzing financial statements- part 2
https://www.slideshare.net/NikhilHarshavardhan/financial-statement-analysis-76047386
Session 54
Budgeting- concept, advantage, types
Session 55
Budgeting- principle and process
Case Studies
Case Studies
Our Main Teachers
Research Interest: Nanoparticle, Liposomal drug delivery, Pharmacokinetics, Pharmaceutical Engineering.