Pharmacists who join the Nood Network will have access to a powerful Pharmacy networking tool which will help them directly reduce their losses due to Nearly Out Of Date stock (NOODs). They can also list their surplus & slow-moving stock on the Network to increase cash flow & make money in the process.

Nood Example 1

Pharmacist Terry Brown has an expensive item on the shelf which is reaching its expiry date. The list price of  Noodamycin is $200/pkt meaning that if action is not taken Terry has lost $200. Terry lists his item on the Nood Network for $150 & another pharmacist Nood Network member Jill sees the item which she uses on a weekly basis. She purchases the item from pharmacist Terry & saves $50 off the list price in the process. Terry recoups $150 where he otherwise would have lost $200 and had  to arrange for disposal of the Noodamycin as well. Do you have expensive NOODs sitting around on your shelves? Don't delay, list these now and turn them into cash. Increase your GP and reduce your losses ! How much do your NOODs cost you yearly   $1K, $2K...$10K or more?   Pharmacy can no longer afford to tolerate these losses. Let's help each other & the environment  by reducing this costly wastage.

Nood Example 2

Pharmacist Terry Brown has a high usage of Noodak films which he buys for $6.00 ( 40% off the normal list price of $10 each). He buys 2000 units at a time to get this high discount. He lists 1000 units of Noodak on the Nood Network priced at $8.00 and asks that members purchase in lots of 200. Another Pharmacist member Jane sees these and purchases 200 of the Noodak films saving $400 off  the list price. Pharmacist Terry has recouped some of his capital outlay and made $400 in the process. Have you made a bad buying decision ? ordered too much ? or do you want to buy that 'extra' quantity deal from your wholesaler or rep but can't quite justify it with your usage? Then list these items on the Nood Network  and let network members take them off your hands. With supermarkets reducing margins in many categories, pharmacists can combine buying power to put profitability back on the agenda.

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