CVS Pharmacy debuts across Utah Targets
CVS Health on Thursday announced that the first CVS Pharmacy locations in Target stores are now open in Utah. The 13 pharmacies are being operated through a store-within-a-store format and are branded CVS Pharmacy.
"We're excited to introduce our integrated pharmacy services and health care expertise to Target guests in Utah," stated Hanley Wheeler, Ssenior VP retail field operations, for CVS Pharmacy. "Our pharmacy care and clinic offerings, along with our innovative digital tools, will offer consumers expanded wellness options and increased access to care. We look forward to welcoming Target guests as our pharmacy patients. "
In addition to the 13 CVS Pharmacy locations in Target, CVS Pharmacy operates 11 free-standing stores in Utah.
"As we roll out the new CVS Pharmacy in Target stores, we are working closely with patients to make their transition to our services and programs as simple and seamless as possible," Wheeler added.
Pharmacy Advisor, a program in which CVS Caremark plan members diagnosed with chronic conditions receive face-to-face counseling when they choose to fill prescriptions at CVS Pharmacy or by phone when they choose mail service pharmacy, will be available by the end of 2016.
Local supermarket retailer stays with the time — and keeps expenses in check
PSK Supermarkets, a 14-unit Mount Vernon, New York-based grocer that operates stores under the Foodtown banner, needs to run at maximum efficiency in order to compete with national rivals and keep food prices low for shoppers
Controlling expenses is a big part of PSK’s efforts to ensure optimal operations. To stay on top of finances. the retailer leverages cloud-based Dayforce Human Capital Management (HCM) technology from Ceridian.
“We wanted a solution that could tell us in real time how much we’re spending on payroll,” said Noah Katz, co-president of PSK Supermarkets, during an interview with Chain Store Age. “Dayforce is connected to every time clock in every store. Employees punch in and punch out all day long. We wanted to be able to log on and see how much we’re spending on payroll, by day and week in real time.”
The payroll tracking of its 1,200 employees allows PSK department and store managers to perform real-time checks on whether their payroll spending is on track with advance figures turned in before the start of the work week.
In addition, it eliminates employees clocking in before their shift begins, “buddy punching” for absent or tardy coworkers, and other forms of time clock fraud. PSK can also quickly identify and remediate legitimate employee errors, such as a worker who forgets to punch in or out.
The grocer also uses Dayforce to streamline and automate other aspects of its financial management. Using hosted Ceridian services, PSK issues direct payments and paper paychecks, makes payroll tax payments, and issues W-2 tax forms to employees.
Furthermore, the solution assists the company with HR process management.
“It serves as a repository for all HR records in the entire company,” said Katz. “When we onboard new employees, Dayforce automates the forms they fill out when they join. Employees can also see the pay they’re earning and request time off.”
Another critical HR process PSK has been able to automate is compliance with the Affordable Care Act (ACA).
“Every company with more than 50 workers had to send out a 1035c form for each full time worker, along with the w2 form at the year end. The 1035C is a complicated health benefit summary by month for each employee. We filled out the forms, more or less in 24 hours,” Katz said. “A lot of companies struggled; it’s a complicated form. But we were able to review and sign off on all 1035c forms in one day.”
Study: Retailers rank supply chain challenges
One key area of the supply chain is an area of concern for almost three-quarters of North American retailers.
Forecasting for new products is the biggest (73%) for North American retailers, according to the State of the Retail Supply Chain 2016 study from supply chain solution provider Relex and research firm Martec International. This is well above the global average of 58%, which the report attributes to the U.S. tending to be where most of the new products are developed and launched. This causies greater problems for North American retailers than elsewhere where there is typically a lower proportion of new products in an assortment.
Part of the forecasting concern may also be related to a lack of visibility. North American retailers rated the visibility of their supply chains a 6.5 out of 10, indicating they have a way to go before they achieve full visibility.
The top business issue cited by North American retailers is increasing availability without increasing stockholding (67%). The second-largest issue is better collaboration with suppliers.
In addition, North American retailers with more than one sales channel are marginally less likely than the global average to operate a single stock pool (39% of retailers compared to the global average of 43%).
Retailers in North America are more efficient than retailers in other countries surveyed for the report in terms of staff productivity. The average full-time equivalent employee forecasts and replenishes an average of just under $270 million of sales. This compares very favorably with the overall country average of just below $190 million of sales.
According to Relex analysis, the likely reason for that finding is caused by the larger average size of the North American retailers that were interviewed, who are able to realize greater economies of scale than in smaller countries. It’s easier to grow a big chain and achieve economies of scale in the U.S., simply because there are so many cities where a retailer can open a store.
The report was based on 126 retailers in North America, U.K., Germany and the Nordics whose annual sales exceeded $110 million. About 26% were North American, and U.S. and Canadian retailers were interviewed with sales of more than $343 billion.