Proposal for Inventory System Essay

In today’s worldwide world, access to fundamental and quality human services is critical and basic so as to have a decent and solid life. Considering this, entrance to quality and moderate medications is a fundamental crude material in improving great and quality human services. It is in this manner vital and imperative to guarantee that patients can without much of a stretch gain admittance to quality, un-lapsed and reasonable medications for the treatment of their infections and ailments. In particular the proficiency with which these administrations are done can go far to spare lives and enhance the wellbeing status of people. Medisol Pharmaceutical Company Limited is a private retail pharmaceutical organization set up in Ghana and their fundamental center is to consistently sell pharmaceuticals, healthy skin items, child care items and beauty care products to its clients. The organization puts forth consistent attempts to augment client’s fulfillment by giving great client support and furthermore dividing their market in order to empower clients have simple access to their business outlets. The organization has its administrative center at Kanda and two different branches at west legon and kasowa individually with their principle target bunches being the overall population. Medisol Pharmaceutical Company ltd. has two significant offices in particular the Finance/Administrative Department and the Retail Department which are straightforwardly under the oversight of the CEO. The organization has numerical staff quality of five (5) involving a CEO, an administrator drug specialist, drug specialist, a bookkeeper and a medication counter associate. The following is an organogram of Medisol Pharmaceutical organization ltd. The Finance/Administrative office which is going by the bookkeeper handles mostly the money related and regulatory errands of the organization. The company’s Retail Department fills in as a contact among Medisol and its clients and is going by the Medicine Counter Assistant. The primary duties of this division are to deal with the retail stock, offer things to clients and submit week after week reports to the CEO. Medisol’s tasks are exclusively manual; as our group got to the organization we were special to address the leader of the retail division who disclosed altogether to us how the manual procedure happens. The procedure begins with stock buy where the medication counter right hand makes a rundown of every required thing to be purchased. This rundown is sent to their wholesalers for conveyance of the things. Upon conveyance, the things are crossed checked with the request list made and a business receipt is then given to Medisol which is then documented in a buying record. Things to be sold are orchestrated on racks with sticker prices on every thing. Subtleties of things sold are recorded in a business book. Retail stocks are taken multiple times in a month and the procedure utilized is as per the following; - Drugs on the racks are tallied and the amount is crossed checked with the business receipt kept in the buy file(which shows amount of things purchased ), this is done to know the amount of things sold - The amount of sold things is then crossed checked from the business books to additionally check if the things were truly sold, lapsed or taken. This procedure causes them to realize how much things have been sold, how much stock is left and furthermore decide if to make a request or not. Medisol likewise has an exceptional method of recognizing lapsed medications so they won’t be offered to clients, with this the medication counter collaborator readies a manual rundown of medications whose expiry date falls inside a specific year consequently at regular intervals this rundown is checked for drugs which have their expiry dates nearer or effectively terminated. Those practically going to terminate are sold quicker while those effectively lapsed are cleared from the racks and disposed of. In today’s world it is difficult to contend in the activity advertise without a working information on IT. It is consequently basic that Medisol Pharmaceutical Company Limited actualize and put into great stock control the executives framework that can track, report and recharge stock. This will at that point improve exactness and upgrade security and effectiveness along these lines helping the resale office decline stock blunders. This arrangement is planned to assist the office with managing all exchanges of got stocks, value, amount and receipt. Security of this framework will be upgraded, making it outlandish for things to be lost or taken. The advantages of the automated stock control framework to Medisol Pharmaceutical Company ltd. is to settle on stock choices that limit the complete expense of stock, which is particularly not quite the same as limiting stock. It is frequently progressively costly to come up short on a thing (and in this manner be compelled to get it through increasingly costly channels) than just to keep more units in stock. A few models have been proposed in the writing for limiting the all out expense of stock using a financial request amount, which endeavors to adjust the conveying expenses of stock with the expense of coming up short on a thing. Most drug store stock choices include replenishmentâ€how a lot to arrange, when to choose to arrange, and when to put in the request.