Acm 8

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 3

1.

INTRODUCTION
Covid Protection kit inventory management empowers
healthcare companies to eliminate outdated, inefficient record
tracking methods and take control of their inventory with the
click of a few buttons. By utilizing a secure, cloud-based
system, teams across care providers can accurately trace their
entire medical inventory while keeping tabs on critical
information such as supply stock levels, medication
expiration dates, and equipment maintenance details. The
pharmacy business in Olongapo will always know what
supplies are available, what medication is about to expire, and
where equipment is and who’s accountable for it. According
to Shahzad Karachi Wala (2021). Whether you’re a solo
practitioner, a medical device and equipment supplier, or part
of a larger medical facility such as a hospital or urgent care
center, automating in process allows you to take the
guesswork out of inventory management. The target market
includes patients and families, communities, doctors, medical
personnel, hospital staff, and society. The goal of inventory
management is to reduce costs and improve operational
efficiency. To do this, pharmacies need complete visibility
into their existing inventory levels in order to take some of
the guesswork out of maintaining ideal supply levels. This
involves being able to track inventory stores, orders being
generated, account receiving and all in real time. That is
designed to improve accuracy and to enhance safety and
efficiency in the pharmaceutical store. Computer generated
system will help the Pharmacist to improve inventory
management, cost, medical safety. The system allows the
users to keep all the records of the drugs that are in the
pharmaceutical store. The method will give reports of the
sales that have been made daily and it will also give the exact
information about drugs that are in the shop. It also involves
manual entry upon arrival of new batches of drugs and
upon drug movement out of the pharmacy for a certain period every month, the pharmacist may want to generate report for
the movement of product in and out of
the pharmacy, getting information about the drugs expiry date, date purchased, number of product left, the company that
manufactured the product. At present, manual system is being utilized in the pharmacy. It requires the pharmacist to manually
monitor each drug that is available in the pharmacy. This usually leads to mistakes as the work load of the pharmacist
increases.
2. REVIEW RELATED LITERATURE
A review of inventory management research in Inventory Management System.
2.1 Service and Quality

2.1.1 “Factoring Affecting Inventory Management”


According to Ali (2011) This study is all about managing products that "Pharmacists should consider the following factors
when evaluating their pharmacy inventory management: product type generic, brand, inventory size, returned product
policies, unclaimed prescriptions, inventory shrinkage, and use of formularies. Generic products have lower acquisition costs
compared to bran-named counterparts, thereby minimize inventory costs. Basic product lines carry smaller inventory size
compared to full product lines; although this will reduce the investment in inventory, however; this decision should be
weighed with patient and prescriber demand. Most product vendors manufacturers and wholesalers have policies regarding
products that may be returned. Examples of such policies include providing credits for future orders, product replacement,
and cash back to the pharmacy. Efficient inventory management enable pharmacists to use these benefits before such policy
expiration take effect. About 1.5% of all prescriptions filled by American community pharmacies remain unclaimed.
Pharmacists should monitor such prescriptions and specify a threshold time two weeks for returning the products to the
shelves. Every attempt should be made to remind the patient or caregiver about the filled or refilled prescriptions, especially
patients with chronic diseases and elderly patients, who increasingly show poor medication adherence. In hospital
pharmacies, formularies are utilized to enhance inventory management, where pharmacists can carry one therapeutic
equivalent product within a class of medications; thereby reducing overall inventory costs". However, for this study is limited
lists and formularies could serve as an impediment in balancing supply and demand in community pharmacy settings.
2.2 Website Quality and Design
2.2.1 “Warehouse Inventory Management System Using IOT and Open-Source Framework”
According to Tejesh B, Neeraja S. (2018). “The warehouse inventory management system is playing a significant aspect in
many productions and goods based methodology. Though there are many wireless communication technologies the RFID
suits the best for the warehouse inventory management system. “Inventory Management builds an architecture of the Internet
of Things is develop to track the products attached to the tags with the information of the item and their respective time stamp
further verification. The total system gives an archetype to correspond the information flow and material flow. The web page
which is built in accordance to provide convenient and an interface to the user to track the products. A computerized
warehousing system provides us a less effort, more efficient and stable results that are correlated
with hand held manual system. In objective of Inventory management is to ensure continuous supply of a materials and
stock so that production should not suffer at the same time of the customer demand. (Tejesh B, Neeraja S. 2018
December).
In the warehouse if the user wants to locate any items, it is very hard because user must do detailed search manually in
all the available stockrooms this will require you a lot of effort by finding it. So, to avoid this kind of problem by using
the web-based inventory management system is useful because it maintains the detailed product as well the information
in it and tells is which stockroom the item present.
2.2.2 “Evaluation of Inventory Management” According to Ali (2011). ITOR value of 10 and greater is
consistent with the US national average for independent
community pharmacies, which indicates that the pharmacy sold the
entire stored inventory a total of 10 times during a given time interval [2]. The ITOR should be interpreted in light of the
ITOR values for the previous period of time (e.g. past year) in order to draw conclusions about how well the inventory is
managed. Higher ITOR values indicate the inventory was quickly purchased, sold, and replaced within a specific time
interval [2, 4]. On the other hand, lower ITOR values indicate poor management of pharmacy inventory, and the products
were sitting on the shelves and not being dispensed. In such situation, the pharmacist should consider whether too much
quantity of the right product was ordered, the wrong product was ordered, or other systematic errors in inventory
management were occurred, e.g., inputting the wrong product or quantity in the computerized software with absent
physical count of the products on shelves.
For this study our website focus on managing the data of a product where if a system is getting wrong data, then it can
easily change or edit the data. It must correct the value of data for safety input.

You might also like