Seeing bottom line implications of inventory control
At Medicap Pharmacies, retail pharmacists needed business acumen training to better understand how to affect financial results, particularly the bottom line implications of inventory control. The solution to building financial skills was Celemi Apples & Oranges™ . One immediate effect after just one day of Celemi training resulted in a three percent reduction in inventory, and further improvements are materializing, with ongoing efforts resulting in an additional $600,000 reduction during the past 6 months.
“As soon as I saw this hands-on learning method, I could tell right away that this was the perfect model for us. It presented a visual picture of how cash flows through our business and would help everyone see that they could think about things differently. It would help them understand how their decisions today impact the business in the future, “ says Karen Merrill, VP Operations for GRX Holdings/Medicap Pharmacies.