Inventory Management Project

The pharmacy technician is responsible for increasing the sustainability of the pharmacy. They do this by follows instructions for the disposal or return of expired, damaged, or otherwise unusable medications, and not flushing them down the toilet or throwing them into the trash. They follow EPA requirements. Pharmacy technicians can also join the Green Team at their place of employment, if they have one, and help improve the environmental impact they have that way as well. They also need to do their jobs counting and dispensing correctly to reduce the amount of medications that go unused.

Evaluate the role their inventory plays in the company’s performance, operational efficiency, and customer satisfaction.

A growing demand has emerged in the healthcare field for well-trained pharmacy technicians to assist the pharmacist in many practice settings by assuming greater responsibilities. These may include order entry, filing prescription orders, compounding sterile preparations, cart fill exchanges, inventory control, operation of automated technology, utilizing the computer system as well as fulfilling other patient specific duties. Well-trained pharmacy technicians in retail and institutional settings are a vital part of the healthcare team.

Now days there are many great aspects in the pharmacy field and pharmacy is looking to become even better. For example, the job descriptions for pharmacy technicians are limited. Some of their duties are to input information in the system, count the drugs before they are packaged, and even speaking to insurance companies to process payments. In the future their duties are looking to expand. Pharmacy technicians will take over more of the pharmacist roles

In the delivery of healthcare every member of the healthcare team plays important role in ensuring that the most appropriate care is provided to the patient to the best of their expert capabilities. The role of a pharmacist is critical in delivering quality healthcare. The article “What Pharmacist Do?” by Bureau of Labor Statistics (2012) provides detailed statement of the important roles pharmacists play and the services they provide in healthcare delivery.

Currently, more responsibilities are being given to the pharmacy technician that were traditionally performed by pharmacists, such as clarifying prescriptions and entering orders. With these additional responsibilities for the pharmacy technician, this will allow the pharmacist to spend additional time with patients. However, with these additional responsibilities enables more opportunities for error. In 2008, a study was performed at Wentworth-Douglass Hospital, a 178 bed acute care facility

So you want to be a pharmacy technician? A pharmacy technician (tech) is more than just pushing pills; it’s more than just counting and knowing medications. A pharmacy tech has wide ranges of jobs too; compounding, preparing and packaging drug orders, mail orders the list goes on. Anyone can be a pharmacy tech with the right requirements. Here is a little information to jump start your journey.

In a changing healthcare environment, the role of the pharmacist has evolved from primarily dispensing to monitoring and managing drug therapy in collaboration with physicians and other providers. As a result, pharmacy technicians are beginning to take on some of the technical aspects of pharmacy practice. This means that better educated, more qualified technicians will be needed in the future.

A pharmacy technician is basically an assistant to a licensed pharmacist. It is their job to provide advice, assistance, and medication to the customers, in correlation with the licensed pharmacist. The position of the pharmacy technician is usually behind a pharmacy counter in drugstores, hospitals, and other facilities. Learnhowtobecome.org (http://www.learnhowtobecome.org/pharmacy-technician/) informs that you should be prepared to work with pharmacists, as well as patients.

Office Depot uses multiple inventory strategies to order products. 90% to 95% of goods are ordered through automatic replenishment, manual replenishment, pull replenishment, and global sourcing are also used depending on channel, volume, velocity and cost. (Office Depot, 2015). The accuracy of the inventory from both a DC and store perspective is critical to the organizations success. Heizer and Render (2014) state that record accuracy is a prerequisite to inventory management, production scheduling, and sales. Accuracy is maintained by either periodic or perpetual systems (p.479). In Office Depot, the stores are required to cycle-count technology items such as laptops, desktops computers, and tablets five days a week. Discrepancies are entered in the system and bounced off the local DC’s on-hand inventory discrepancies. Office Depot is a “blind receive” organization meaning the stores receive pallets of products and simply unwrap and put them away. The only way a store knows if a product is missing is through the cycle-count program. This system was put into place to speed up the receiving process and eliminate unnecessary steps once the product was received at the store level. Office Depot conducts a full physical inventory once a year through a third party and trues up the inventory shrink at this time.

The management team at Smithford Pharmaceutical has decided now is the time to reduce their inventory cost. But in order to reduce inventory a plan needs to be implemented. Inventory reduction cannot be done in a bubble. There are various variables that will need to be considered when executing this task.

Now we are called as pharmacist-in-charge (PIC), who also is responsible for taking an initial inventory on the opening day of business. This is required from Texas Administration Code, Title 22, part 15, Chapter 291, Rule §291.17 “Inventory Requirement” (Texas Administrative Code, 1987). The inventory must include all controlled substances and all dosage. Also, an annual inventory must be taken on May 1 of each year, this must be signed by the PIC and notarized within 3 working days of completing the inventory. One of requirements from State is the PIC has to provide professional liability insurance, which usually call E&O insurance – Error & Omissions, this has to cover all pharmacists and pharmacy technicians, whom will operate in stores.

Although Alliance Supermarkets utilizes a point-of-sale system to track its inventory levels and keep constant records for each location’s on-hand quantities, the firm still experiences several problems with regards to effective and efficient inventory management. As stated in the case study, “sudden changes in demand for a particular item can catch the company by surprise as it bases inventory replenishment on historical demand patterns. Further, demand patterns and preferences may vary from one store to another depending on the customers served by each, but the inventory system groups all demand information together and treats each store equally. Finally, the manufacturers that make the products stocked by Alliance Supermarkets are

Nowadays, in an era that has advanced technology and a place in the world. Everything can be linked only at your fingertips in the times of rapidly developing with the sophisticated technology of today. Therefore, an inventory system is also not lagging behind in introducing a method of keeping an inventory data systematically and safely. The system plays a very important role in improving the competitiveness of a business. Usually, organizations today face too many challenges to achieve the cost, speed and reliability. Efficient inventory system really help in order to make sure the store’s performance and data record is always in good condition and secured from abusers. The system basically to ease the admin to manage the

Managing what's in a warehouse or on the shop floor can be extremely complex if you're looking for optimal cost and supply chain management capabilities( Needleman, 2017 ). Inventory estimation and control is directly impacted a company’s profitability.