In this episode of the Calm the Pharm podcast, host Sarah Stoddart addresses the important topic of stocktakes in pharmacy businesses. She begins by emphasising the significance of clearly defining stock levels and their implications when entering into contracts.

Additionally, the podcast discusses the consideration of expiry dates and high-cost items in the stock. Sarah highlights the necessity to factor in seasonal stock variations, such as holiday-related items, which may need exclusions based on the transaction timing. The episode also covers the procedural aspects of conducting a stocktake.

This episode provides listeners with vital insights to navigate the complexities of stocktakes in pharmacy transactions effectively.

Calm The Pharm is brought to you by your host, Sarah Stoddart. Sarah is the founder and director of Vitality Law Australia, a boutique law firm which provides small business owners and healthcare professionals across Australia with clear legal pathways and peace of mind. She is recognised as a leader in the healthcare industry and is one of only a few lawyers in Australia with specialist experience working with pharmacy businesses. 

In 2021, Sarah was named the Lawyers Weekly Women in Law Australian Sole Practitioner of the Year. She was also named as a finalist in the AusMumpreneur Business Awards. In 2022, she was named as a finalist in the Women in Business Awards for The Hills and Districts Chamber of Commerce, the Australian Law Awards and again in the Women in Law Awards. 

Sarah is the co-author of business book, “Courage and Confidence”. The book is a collection of inspirational stories combined with practical tools, tips and advice written by a small group of Australian women in business.  She is also a non-executive director of MS Queensland.

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