Historical Background of the Company
More than an enterprising venture, at the core of THEGENERICSPHARMACY is an advocacy of making medicines accessible to ALL Filipinos, coupled with free blood pressure check-up and full 20% discount in all branches
1949- THEGENERICSPHARMACY stemmed from its mother company
1959-the company began importing and wholesaling pharmaceutical products.
1989-the company decided to sell generic drugs primarily to government hospitals
2001- the company stepped up its distribution by opening its retail arm
2007, THEGENERICSPHARMACY tapped Francorp, the world leader in franchising, to engineer its franchise development and growth
2008- 150 stores operate NATIONWIDE.
Mission
Through franchising,
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The sales transaction is recorded manually which makes the whole process very slow. It took them for about 5-10 minutes to complete the sales transaction and to record the corresponding changes to the inventory book. They only have calculator used for computation for cash inflows and outflows. They don’t have any software/system that is needed to compile the data in one location and for recording all transaction and product information. The records and information on the stocks and inventories are not well sorted and not timely which makes it unreliable and therefore worsen the problem.
“Block Diagram”
(Inventory System)
Fig. 2.1
This figure shows the Block Diagram of an Inventory System
Level 2- Lower Level Diagram (Existing)
Assessing Current Inventory Status
(idraw moh nlng)
Feasibility Study
Cost and Benefit Analysis
The system incurs a developmental cost of Php141, 341for a time frame of three months and an operating cost of 69,900. The Rate of Return on Investment is around 50.55% with a Savings of Php71, 441 and a Payback Period of 1.978 yr. Therefore, the system is feasible.
|Cost |Benefit |
|Repair and Maintenance |This is to ensure that the system is in good condition. |
|Installation of
The implementation phase is to combine the individual components of the system, verify and test, convert data and integrate system components, document and install the system. (Post & Anderson). The project’s risks and probability of its success will be based on the feasibility study that included both economic via cost-benefit analysis and legal reviews. Moreover, before the sign off a great deal of financial analysis went into this project including ROI (projected return on investment) and NPV (projected Net Present Value). The (ROI) is a calculation that measures the average rate of return earned on the money invested in the project. NPV is a basic formula to convert future cash flow to present value. (Thomson, Strickland, and Gamble)
The initial cost of the project will be the sum of the development, project administration, implementation, and financing functions. Development cost include IT system design, process planning, and feasibility analysis. Hardware upgrades, software development, infrastructure improvements are included in the implementation costs. Administration expenditures cover other costs such as training, furniture, network infrastructure, utilities, and insurance. Kudler expects to use this system for a prolonged period of time; therefore, the cost of the life cycle will need to be calculated also. Furthermore, the benefits of worker productivity gain, expenditure decrease, and employee utilization gains will also be calculated in the economic feasibility analysis. Once the initial cost of the project is determined, feasibility can be determined on the economic level. According to article, “Implementation: The operational feasibility perspective”, operational feasibility will be achieved if the following steps are followed. Step 1, managers and employee negative perceptions of change must be addressed openly. Step 2, positive factors for change must be reinforced. Step 3, the highest stress should be dealt with first. Step 4, change must start at the top of the organization. Step 5, informal and formal lines of communication should be used. All managers and workers should be involved or represented in the design.
We would like to own a product series covering our customers suffered from all illness segmentation of the OTC cold and allergy remedy market. We have totally launched 3 products, which played different roles in our product portfolio and have different attribute association.
Your sister owns a small clothing store. During a conversation at a family dinner, she mentions her
Texas Legislature passed the first Texas Pharmacy Act in 1907 in order to bring consistency and centralization to pharmacy practice regulation. The Act established the Texas State Board of Pharmacy as an independent state regulatory board responsible for the licensing or registration of Texas pharmacists, pharmacy technicians, and pharmacies. Its mission is to promote, preserve, and protect the public health, safety, and welfare by promoting the development of quality pharmaceutical care to the citizens of Texas through there regulation of the practice of pharmacy, operation of pharmacies, and distribution of prescription drugs in the public interest. The Board consist of eleven members appointed by the governor with the approval of the Senate
What does it take to be a pharmacist? Pharmacy involves more than just handing out drugs, otherwise anyone could do it. “A pharmacist is a health professional who follows instruction from physicians regarding the amount of education to distribute” (“Pharmacy requirements”). The pharmacy profession requires a lot of education, demands patience and attentive work, provides good pay, and offers a satisfying job.
While most acquaintences my age were out partying and having a ball, I was working 12am to 8am on a dementia unit at the VA Hospital, as you may know working nights can make you extremely lazy, when all you do is sleep all day, the pay was great and that also makes you not want to start school or do something with your life, but I saw the bigger picture in a career. I saw what none of my friends have seen yet, and It felt great. Anyways back to my story, I had really enjoyed the job and helping the elderly, but sadly due to a schedule conflict I had to resign to start college. As of right now I am working as a Pharmacy Tech at CVS pharmacy, its not much but its something. Something that's gonna help me in the long run when it comes to pharmacology,
Methaqualone, is also referred to as Disco Biscuits, Down And Dirties, Jekyll-and-Hyde, Joe Fridays, Lemmon 714, Lemons, Lennon's, Lovers, Ludes, Mandies, Mandrake, Q, Qua, Quack, Quad, Quaaludes, Soaper, Supper, Vitamin Q, The Love Drug, Wallbangers, Whore Pills, and Sopor. This list of street names for the drug goes on and on.
The purpose of this course project is to address the ongoing issues surrounding my companies, REI (Recreation Equipment Inc.,) inventory management issue and to see if we can find a software program better suited to the companies needs. The goal is to find products quickly and efficiently. Customer satisfaction is key to driving sales and profit in any company. As a result a software upgrade is certainly needed in order to compete with other companies in the same industry.
Attached to your discharge papers you will find a list of the medications that the doctor wants you to take at home. The prescriptions have already been sent to your pharmacy and the pharmacy will deliver them all to your home this afternoon after 4:00 PM. I will go over each of your medications with you.
Metoformin is a medication used to treat Type 2 diabetes. Metformin is classified as a biguanide and antidiabetic medication. Its therapeutic classification is an antihyperglycemic. Metformin, which is the drug’s generic name, is also known under its trade names: Fortamet, Glucophage, Glucophage XR, Glumetza and Riomet. Metformin is an oral hypoglycemic medication and has three main actions: Metofrmin increases the binding of insulin to insulin receptors in skeletal muscles and fat, which works to improve tissue sensitivity to insulin. Through this action, glucose is able to be transported into skeletal muscles and fat and the body is able to use glucose to function properly. Metformin also suppresses gluconeogenesis, which is the production of glucose from non-carbohydrate sources such as fat and protein. Metformin also prevents the liver from converting stored glycogen into glucose. All these actions work together to lower the level of blood sugar and also lower the Hemoglobin A1C value, ensuring diabetics have better control of their blood sugar.
The Pharmaceutical industry has been in the spotlight for decades due to the fact that they have a reputation for being unethical in its marketing strategies. In The Washington Post Shannon Brownlee (2008) states, “We try never to forget that medicine is for the people. It is not for the profits. The profits follow.” This honorable statement is completely lost in today’s world of pharmaceutical marketing tactics. These tactics are often deceptive and biased. Big Pharma consistently forgets their moral purpose and focuses primarily on the almighty dollar. Big Pharma is working on restoring their reputation by reforming their ethical code of conduct.
Treating the epidemic: Identification of questionable prescribing and dispensing patterns through results obtained from a one year state-run pilot program, aimed at developing a “standardized peer review process and methodology to review and evaluate prescribing and pharmacy dispensing ” (Foster B. et al., 2017) patterns in the state. Expansion of health care specialties with authority to prescribe treatment drugs to people abusing prescription drugs and availability of naloxone without prescription is also proposed.
The company problem is they using chaos system and it is difficult for the admin to estimate their profit. With the new system developed, the company can manage their inventory data easily, quickly and more secured.
Franchisors are increasingly having to be more and more selective in the adoption of franchisees with factors such as economic climate and the potential difficulty with growth playing key factors in the decision making process. It is not simply an ability to grow which creates a successful Franchise and nor is it the desire of any franchisor to adopt every potential franchisee. Franchisors are becoming more and more scrutinising as the global economy declines. There is a general understanding within any franchised