Sales and Inventory System of a Pharmacy

Following data entry is the production or fulfillment step. This is the step where pharmacists actually fill the prescriptions. The major problem encountered in this step is not having sufficient inventory to fill a prescription. This can be frustrating for the pharmacist and the customer. A possible solution to this problem is to fill the prescription in part; enough to get the customer started on their medication, and then when new shipment arrives fill the remaining portion of the prescription. This would require an entry to the customer’s record so that employees know the prescription was only partially filled. Also in order to implement this process, we would need our suppliers to expedite shipping of our restock orders. As a market leader, CVS should have no problem in getting its suppliers to work with them.

IT is centrally-managed for each of CTC’s specific divisions. Retail stores use software to keep track of inventory and prices regarding items in stores. The stores then transmit this information to make purchases from CTC. It is an integral part of their supply chain and retail operations. They are continuing to upgrade these internally developed systems, which could pose a risk for exceptions. These systems will require increased test of controls

The company instead needs to change to a first in First out approach to keep inventory moving on shelves and develop a new enterprise resource system (Phillips, 2008). In addition to this change which would directly affect the floor employees since it is labor intensive and involves constant moving of product, the company would implement a sales tracking portable device that directly connects the store with the ecommerce site and the distributors. Under this method, store clerks can carry the portable tracker on their person and be able to directly engage with the customer by locating products faster as well as order products directly with the consumer if the product is out of stock or not carried at that location. In addition, the sales tracker will be an inventory tracker with a minimum quantity set with distributors that can automatically order additional product to keep stock or for the company to ship excess material at one location to another location in

Kudler Fine Foods is a rapidly growing retail company that began in 1998 that uses a Retail Enterprise Management System (REMS) to track customers, inventory, sales and employees. Being that the majority of Kudler’s inventory is perishable its inventory must be consistently tracked. The following brief will evaluate data tables from an accounting perspective, and provide recommendations for improvements. In addition a pivot table will be created using Kudler’s inventory data that will assist the company’s management improve decision making.

It has altered how we live, communicate, work and play. Although the benefits of technology are vast some are unfavorable, but none the less the advantages are worth it. Today’s technology is growing at an accelerated rate, if this continues it can either help or hinder our society. Technology has given us so many opportunities

The present organizational chart of the SC Department in the company includes two buyers, one material control clerk, one expeditor and two shipper/receivers. This structure was functional to the previous strategy because there was a strong focus on the purchasing function. We believe that in order to maximize the SC Department resources in accordance with the new structure the positions and functions of the people with the SC Department will have to be adapted to strengthen the inventory management function of the company. There company could benefit from having one person responsible for forecasting demand. Processes should be reviewed to ensure that the SC Department has sufficient access to information in order to achieve this task. Re-buying will also be of utmost importance now in order to ensure that there is always sufficient inventory to maintain production going.

The inventory and production departments also have issues. Currently, inventory is done by the receiving area supervisor confirming the shipping documents against incoming orders by hand. This allows for human error and is not a quick or efficient way to do inventory. The same process is used when production takes items from inventory. The inventory system is only updated once daily when new raw materials arrive and then again once daily from production when the raw material is used. The lack of tracking and checking in a timely manner leaves the organization’s processes at a higher risk of failure. The inventory system does not currently communicate with the sales or with the Finance and Accounting applications. This may lead to a

The results of this paper center on the supply chain and logistical functions of an elite pharmaceutical organization in the United States. Westminster Company retains three separate companies, which produce and distribute individualized or differentiated commodities independently. This paper will discuss the changes being considered within their supply chain structure, which are, the establishing of a solidified warehousing structure, possessing combined shipments to conserve on costs, the incorporation of information technology (IT) to keep up the companies’ inventory using software like enterprise resource planning (ERP), and

Our world has undergone two stages of technical revolution which made our community develop rapidly. Entering the third millennium, we’re living in a modern society which is significant development in ICT. Technology has become an essential factor that has created a great revolution on all aspects of our lives such as education, medical, economy, politics, etc.…and connects us together. Technology has made our lives easier which results in the changing of other sides in our society. The technology plays an important role which is clearly shown in the achievements of many countries in the world. However, technology also consist drawbacks and has negatively effects on all fields in our society which people do not realize.

point of sale system. The POS system is a perpetual inventory counting method that electronically records items immediately upon their point of sale (Stevenson, 2015, pg. 552). In other words, as a cashier scans a customer 's groceries, each scanned item is automatically recorded in the system and deducted from the store’s inventory. Implementing a point of sale would benefit a business’s inventory management function in several ways. First, the POS system will provide managers with a continuous flow of updated information (Stevenson, 2015, pg. 552). As a result, the information will provide more accuracy when used for sales forecasts and analysis, which substantially affect inventory decisions. Continuously, this inventory system would also allow greater flexibility in the sense that it can be wirelessly linked to the main company’s inventory system, creating a network of the company’s inventory systems. The POS system is capable of tracking many operations at once and can be modified according to management’s needs (MacCarthy, n.d.). This flexibility would undoubtedly benefit a large company like Wegman’s with many store locations. Lastly, the system is able to help businesses maintain a high level of customer service. Because the system gives customers a receipt with the price and quantity of each item purchased, the customer is able to see exactly what he or she purchased. This practice

Technology is always around us everywhere we go and every day from checking your phone in the morning to driving to work technology has been something that has changed the way we live our daily lives. Although, technology has made our lives easier to manage it has its negative sides to it just like everything around us does. Furthermore, technology is something we all need nowadays because of it's a tremendous contributor to our lives. One way technology has made a great impact is in the work industry Technology is always around us every day from checking your phone in the morning to driving to work technology has been something that has changed the way we live our daily lives. Although, technology has made our lives easier to manage it has

All retailers have a common goal in mind, and that is to make a profit. Companies earn a profit by first connecting customers with products, which can lead to an exchange of product for money. Without the ability to connect customers with products, no money exchange is possible and no profit is earned. It is, therefore, immensely important for retailers to have the right products, in the right quantities, at the right locations, and at the right time. Inventory Management Systems provide companies like L.L.Bean with the necessary information to achieve just that. L.L.Bean’s advanced inventory management system (IMS) connects customers with products, irrespective of the location of the product or the customer (Hoffsess, 2015).

Technology is used on a daily basis to accomplish specific tasks or interests. Modern technology increases human capabilities and this technology has evolved with years. Technology simplifies life in so many ways and everyone defines technology in their own way. They’re new types of technology on the market, this technology simplifies our daily lives. They’re endless demands as consumers of technology, people use technology to accomplish simple tasks every day. Technology’s used in business, education, communication, healthcare, entertainment and so much more. There’s an unquestionable impact of technology on society. Whether considering the plow, vaccinations, or the internet, technology has had a huge impact on society. While not every advance benefits society, there’s many positive effects of technology. Modern technology makes life more convenient now more than ever. Modern technologies like broadband internet makes it possible to access relevant information at any time anywhere. Today’s technology makes it simple for students to learn from anywhere through online education and mobile education, which improves the education system. It also improves the health system, most hospitals have implemented modern technology in surgical rooms, which may reduce the number of mistakes made by doctors. Modern technology’s more convenient than when it was simpler because, it provides an easy way to access information, improves the education system, and it improves the health system.

The evolution of technology has changed society in both positive and negative ways. People all over the world use and benefit from modern technology. Technology has simplified the access to many tools people need in education, medicine, communication, transportation, etc. However, using it too often has its drawbacks as well. In most cases, the time of finishing projects is cut by more than half with the help of technology. Many people do not realize that technology has its negative affects society as well, and its rapid advances has changed life for worse in a number of different ways.

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.