900 Min 
This P3 Business CPD module is on maximising profit margin and keep cash flow in check. Pharmacy needs strong managers, effective leaders and people with the right skills to drive the profession forward. With this in mind, P3 Business CPD modules are written as practical learning tools for use by anyone in the pharmacy team.
Continuing professional development (CPD) is a statutory requirement for pharmacists. Completion of the module will contribute to the nine pieces of CPD that must be recorded in a year, as stipulated by the GPhC.
Test your understanding of the topic by completing the online pre-test. Then work through the module and complete the post-test to see if your knowledge has improved. Record your learning and how you applied it in your practice using the action and evaluation record at the end of this module, which will then be stored in your personal learning log.
Goal:
- To examine key financial principles of margin and working capital in a pharmacy.
Objectives:
- Explore the concepts of margin and mark-up
- Understand key influences on achieving maximum margin
- Appreciate the importance of working capital in a pharmacy
- Remember the effect of stock holding on cash flow
- Manage debtors and creditors effectively.
