IMPORTANT TERMS IN RCPA – Retail Chemist Prescription Audit
Chemist- A person who has a license to keep/dispense medicines. She/He is also known as retailer.
Stockiest - A person who has a license to Stock & Exhibit medicines. She/He is also known as wholeseller.
P.O.B - Personal Order Booking. The orders you book in your order pad and give it to wholesaler for supply. It helps you to build your credibility at wholesaler and it also gives you an indication whether your stocks are moving in that counter or not. Higher the POB more order you can take from Wholesaler, which will help you to achieve your target.
Billing Price(NRV) - It is also called Net Realizable Value .The price at which company sells goods to wholesaler. Its does not contains taxes i.e. GST. (GST Excluded Product value) (This is the price which you should consider to calculate your target achievement).
Retail price(PTR) - The price at which the wholesaler bills goods to Retailer.
Stockiest price(PTS)- The price at which CFA bills goods to Stockiests.
MRP - Maximum Retail Price, The price which a patient pays to chemist.
SKU - Stock Keeping Units(Strengths) –For e.g. A brand is available as 10mg, 20mg, 30 mg tablets. Or a syrup which is available as 60ml, 120 ml..
Order Pad - The Book which you will get from company, in which you will have to take orders, in strips or boxes.This order is valid only when it has signature and stamp of the owner.
Chemist- A person who has a license to keep/dispense medicines. She/He is also known as retailer.
Stockiest - A person who has a license to Stock & Exhibit medicines. She/He is also known as wholeseller.
P.O.B - Personal Order Booking. The orders you book in your order pad and give it to wholesaler for supply. It helps you to build your credibility at wholesaler and it also gives you an indication whether your stocks are moving in that counter or not. Higher the POB more order you can take from Wholesaler, which will help you to achieve your target.
Billing Price(NRV) - It is also called Net Realizable Value .The price at which company sells goods to wholesaler. Its does not contains taxes i.e. GST. (GST Excluded Product value) (This is the price which you should consider to calculate your target achievement).
Retail price(PTR) - The price at which the wholesaler bills goods to Retailer.
Stockiest price(PTS)- The price at which CFA bills goods to Stockiests.
MRP - Maximum Retail Price, The price which a patient pays to chemist.
SKU - Stock Keeping Units(Strengths) –For e.g. A brand is available as 10mg, 20mg, 30 mg tablets. Or a syrup which is available as 60ml, 120 ml..
Order Pad - The Book which you will get from company, in which you will have to take orders, in strips or boxes.This order is valid only when it has signature and stamp of the owner.
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