Our Company

So sorry for the delay but we have come upon our company. Our Company is Walgreens.

Company Overview
Walgreen Co. is the leading U.S. drugstore chain in sales and technology use. The company's strategy is to be the nation's most convenient healthcare provider. Sales for fiscal 2007 topped $53.7 billion, from more than 5,900 stores located in 49 states and Puerto Rico. With 500 store openings per year, Walgreens will operate over 7,000 stores by 2010. Walgreens Health Services (WHS), a division of Walgreen Co., provides mail service, pharmacy benefits management, specialty pharmacy and home care services. WHS collaborates with employers, managed care organizations, private medical professionals and personal caregivers to provide the best services that put the patient first, yet provide cost-effective, flexible, client-centric solutions to rising healthcare costs. Wilson Health Information, LLC, an independent healthcare consumer research firm based in New Hope, Pa., named Walgreens Health Initiatives the highest rated pharmacy benefit manager (PBM) nationally in overall member satisfaction. Eighteen major PBMs were evaluated in the 2007 WilsonRx® PBM Member Satisfaction Survey. Walgreens is an equal opportunity employer and welcomes individuals of diverse talents and backgrounds. Walgreens promotes and supports a drug-free and smoke-free workplace.
(This Overview is found on the Walgreens Website, and written by the Walgreens Corporation).

Inventory Management

Hey...Last week we learned about how to solve inventory problems within a company. I definitely learned something....I never really thought about the concept of inventory....I learned the EOQ method in quantitative methods but I never....put 2 and 2 together...LOl.
Remember: The job as an inventory manager is to minimize total inventory cost
- Carrying cost = Ordering cost
-Total Cost=SD/Q+ICQ/2
-There are 3 inventory models:Q system, P system, and EOQ method
* Also don't forget that we should always ask 2 questions: How much? & When to Order?

See you guys in class
Shanisa