Glossary

B

 

Barcodes

The barcodes of the Product.

 

C

 

Carton Size

The number of retail units per box received from the supplier.

COGS

Cost Of Goods Sold (COGS) – goods sold in dollars calculated from the Last Buy Price at the time of sale

Current Retail $

The Retail price in dollars currently used at the Store level.

 

D

 

Department

The Department of the Product.

 

Discount ($ or %)

The amount or percentage of discount applied to the Product.

 

E

 

Ethical Sales

Total sales from dispensed items (excluding GST). Ethical items include all item sales that are processed via LOTS Dispense or ScriptLink. This includes Government Recovery

 

F

 

Fixed Retail $

The fixed retail value in dollars.

 

G

 

Government Recovery

The PBS Government recovery costs paid back to the pharmacy by the Government

 

GP

Gross Profit made on the sale of items in dollars (excluding GST). This includes Government Recovery

 

GP $/Script

Gross Profit dollar value for each script (excluding GST). This includes Government Recovery.

 

GP %

Percentage of profit (Gross Profit) made on each sale

 

GST

Goods and Services Tax (GST) – a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia

 

GST Buy

The GST percentage applied for buying the Product.

 

GST Sell

The GST percentage applied for selling the Product.

 

GST $

The GST amount collected from the sale of items in dollars.

 

M

 

Markup%

The percentage markup used to obtain the retail price for a cost price.

 

Min Order Qty

The minimum order quantity when ordering from the preferred supplier.

 

O

 

OTC

Over the Counter (OTC) – non-prescription pharmacy items sold over the counter

 

P

 

POS

Point of Sale (POS) – a system used primarily to perform retail transactions, such as sale of drugs and over the counter items at pharmacies

 

POS Message

The desired point of sale (POS) message to appear on the register when the Product is sold.

 

Preferred Supplier

The preferred ordering supplier.

 

Price Breaks

This option displays a varied unit price depending on the quantity of the order. The larger the quantity the cheaper the unit price.

 

Pricing Supplier

The supplier that determines the Product list/base pricing.

 

R

 

Retail Price $

The retail price in dollars. This field will be implemented only if the pricing policy is set to Retail Price.

 

RRP Supplier

The supplier from the Recommended Retail Price (RRP) is originated.

 

S

 

Stock on Hand (SOH)

The current number of items in stock for each Product.

 

Store

Pharmacy outlet that sells and dispenses products

 

Sub Department

The Sub Department of the Product.

 

Supplier Code (Part Code)

Supplier-specific part code to uniquely identify a Product

 

T

 

Total Sales

Total sales from Ethical and OTC items (excluding GST). This includes Government Recovery, if applicable for Ethical sales

 

TUN

The Trade Unit Number (TUN) is a unique barcode of 14 digits used on Product outer packaging, specifically for ordering Product in large quantities.

 

U

 

Units Sold

Number of items sold during a specified period of time

 

UPI

Unique Product Identifier (UPI) – a unique number allocated by Corum to the Stock Card (or Head Office in case of a branch)

 

V

 

View Branches

An application which allows connected Stores to share Product information including SOH levels.