What are the advantages and disadvantages of retail chain pharmacy ?

Dear, The Retail Chain Pharmacy program at Lovely Professional University (LPU) offers several advantages by combining pharmaceutical education with practical business and management skills. It prepares students to work in or manage modern retail pharmacy outlets by focusing on areas such as drug dispensing, inventory management, patient counseling, and healthcare product marketing. LPU provides hands-on training through state-of-the-art labs, simulated pharmacy setups, and industry internships, helping students understand real-world retail operations. The curriculum also integrates entrepreneurship and supply chain management concepts, enabling graduates to start or manage their own pharmacy businesses effectively. Through collaborations with pharmaceutical companies and healthcare organizations, students gain exposure to the evolving trends in the retail pharmacy sector, ensuring they are well-equipped for diverse career opportunities.

Advantages are: Economies of scale, Technology driven, Retailing their own pharma brands/generic brands along with competitors brands, Passing advantages to patients and consumer, Increase in market share and profits, and Discount parameter. Disadvantages are: No economies of scale to small medical stores, Small geographic area, No home delivery services, Winding up of medical shops, Losses from expiry of medicines, and Discounts can not be offered.