We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Generic Pharmacy Inventory and Point of Sale System Essay Sample

essay
  • Pages: 4
  • Word count: 869
  • Rewriting Possibility: 99% (excellent)
  • Category: pharmacy

Get Full Essay

Get access to this section to get all help you need with your essay and educational issues.

Get Access

Introduction of TOPIC

Point of Sale (POS) and Inventory management is vitally important for any business that sells a physical product. An inventory system must balance having enough inventories on hand to meet the demand of customers while investing as little money as possible in inventory. An inventory system is basically a process whereby a business keeps track of the goods and material it has available. In its simplest sense, it can be done manually by a count at the end of each day. In this way it is possible to keep a record of the goods coming in to the business and goods being sold. For such businesses, it is more likely that a computerized system will be required. This can be used to monitor the stock a business has available and also provides details of when inventory needs to be restocked. One of the focal points of any retail or hospitality business is the cash register. The ability to process transactions and tender cash are essential to the efficient operation of the enterprise. If you have a lot of cash transactions, replacing the cash registers with a Point-Of-Sale (POS) system saves business owner money. A POS system is computer software and hardware networked together to track sales and inventory as they occur. POS systems will solve a multitude of problems in a business.

STATEMENT OF THE PROBLEM

1. Employee errors can cause inaccuracies in the inventory records, which can cause purchasing to fail to purchase materials or to acquire an excessive amount of inventory. 2. Business owners using manual inventory management can’t identify missing inventory and untrustworthy employees who may be stealing from the inventory.

3. Tallying can give an inaccurate result, products that have been sold within the day could not be matched with the total sales at the end of the day.

OBJECTIVES OF THE STUDY A. General Objective The ma

in objective of this study is to develop and enhance the transaction and inventory process that will

Sorry, but full essay samples are available only for registered users

Choose a Membership Plan
ensure every transaction are accurate and stocks are always monitored. B. Specific Objective The implementation of generic pharmacy inventory and POS system has the following benefits: 1. It can provide a fast-automatic calculation of every transaction. 2. It can produce a clear and reliable transaction and inventory reports generation. 3. The system will provide clear, reliable and accurate data and information in every

summary of the transaction reports. This ensures all the information written in the summary reports are reliable and realistic. 4. It can provide an accurate stocks monitoring system. 5. It can help the business in terms of tallying stocks to their inventory. 6. Data can be easily be backed up and retrieve. 7. Data will be secured. 8. Save more time. 9. Reduce errors on sales.

Scope and Limitations The system is planned only as the generic pharmacy inventory and POS system. The system will be limited to store, monitor the stocks, and total sales.

Definition of terms Inventory- Inventory is the total amount of goods and/or materials contained in a store at any given time. Store owners need to know the precise number of items on their shelves and storage areas in order to place orders or control losses. Point-of-sale – The physical location at which goods are sold to customers. Transaction – An agreement between a buyer and a seller to exchange an asset for payment. Computerized system – To enter, process, or store (information) in a computer or system of computers. Inventory System-the software used to plan and track inventory stocks. Stocks -is an economic magnitude that describes a quantity that exists at a point in time. Sales- Total dollar amount collected for goods and services provided Cash register – A business machine for regulating money transaction with costumers.

User Stories User/s Owner Goal/s 2.0 I want to manage user accounts wherein: 2.1 I can add a new entry of user’s account. 2.2 I can update user’s account if needed. 2.3 I can search user’s account. Reason/s So that I can monitor the user accounts of every employee/ user.

So that I have a printed report for future reference.

5.0 I want to print a report on the system regarding the medicines that are in stock and payments in a particular day. So that I can monitor the medicines (on stock / out of 3.0 I want to manage stock). medicines in stock in the So that I can accurately store system wherein: a new medicines. 3.1 I want to add new item of medicines. 3.2 I want to update the price and stocks of medicines. 3.3 I can conduct a search/view for different vaccines and medicines that are available in stock.

Cashier / Pharmacist

4.0 I want to manage payment wherein: 4.1 I want to add payment to the system whenever they pay. 4.2 I want to view the payment and have access to the system which will consist of all payments that had been stored.

We can write a custom essay on

Generic Pharmacy Inventory and Point of Sale Syste ...
According to Your Specific Requirements.

Order an essay

You May Also Find These Documents Helpful

A Fulfillment in Pharmacy

Have you ever wondered why people commit mistakes sometime in their lives? It has always been my belief that mistakes, big or small, can either make or break us. I, for this matter, have used these mistakes to strive hard and make a difference. I have always believed that each one of us is destined to be successful sometime in our lives. My realization made me see that being successful does not end with my quest for achievement, but by what we have done and contributed in order to reach these dreams. My name is (state your name here). I am 23 years old, and I am applying for Doctor in Pharmacy in your institution.             I originally came from (state country). My family and I came to the United States when I was in high school. I entered as a junior, since the education from my previous school was...

Pharmacist Case

  QUESTION # 1: What attracts you to a career in pharmacy?             Since a career in pharmacy is a health profession dealing mainly on health sciences with respect to chemicals as these are the contents of medications (drugs) to be dispensed to patient-clients, the passion for chemistry should be of utmost consideration. I like chemistry and parallel to this passion, I find pharmacy as a highly recommended calling where the field of chemistry is fitting. Aside from this, there are many available areas of pharmacy which may serve as options as to what specializations I may pursue upon practice. And finally, pharmacy is a progressive discipline and as such it is open for enhancement and development making it dynamic and motivating for further study and innovation. QUESTION # 2: What area of pharmacy practice do you think you will pursue and why?             Amidst globalization trend around the world,...

The Role of the Government in Pharmaceutical...

Pharmaceutical companies often charge prices that are much higher than the cost of production of medicines, even the life saving kind.  The profit earned by a pharmaceutical company is calculated by subtracting the cost of production from the price multiplied by quantity sold (“Price Controls,” 2007).  The fact that the profit margin of the pharmaceutical companies is often too high is a cause of concern especially for those who cannot afford adequate health care.  Ethics demand of the health care and the pharmaceutical industries to lower their prices so as to make health care, including medicines, easily available to all (Rosen, 2007). At the same time, the Congress has experienced that the health care and pharmaceutical industries should not be forced to lower their prices via price controls that have been introduced in many foreign markets for pharmaceuticals.  The reason why the United States would not introduce price controls to...

Popular Essays

logo

Emma Taylor

online

Hi there!
Would you like to get such a paper?
How about getting a customized one?