Pharmacy Inventory System

Topics: Inventory, Customer service, Point of sale Pages: 18 (6711 words) Published: June 17, 2015
nventory System
CHAPTER I
THE PROBLEM AND ITS BACKGROUND
1.1 INTRODUCTION AND ITS BACKGROUND
A pastor named Ferdie Sinense together with his wife Marisa Sinense who works as an auditor, established Rapa Generics Pharmacy on September 23, 2011. The main branch of this Pharmacy is located at Las Piňas-Zapote Road in Las Piňas City. Anthony Rudil, a licensed pharmacist and Jennifer Robela the assistant pharmacist are currently managing the business. In addition to that, the business opened its door to three more branches located in Pulang Lupa, Las Piňas and Marikina. The advent of new technology, most company nowadays is using computers in their transactions. Pharmacies in particular, are now making their systems computerized since that helps them minimize the time and efforts consumed by using manual system. Point-of-Sale Inventory System is one of the essential components of a successful business. It is a modern replacement for cash register in retail applications. It can help to record securely all the sales and customer’s orders and track products. A sale refers to the exchange of product or services for an amount of money or its equivalent while inventory, on the other hand, is the total amount of items and the act of counting them. A pharmacy owner must know the precise number of items in their storage areas in order to place orders and control losses up to date. Hence, computerizing both Sales and Inventory System will make an easier and faster transaction among the customers as well as monitoring the stocks of the products. Furthermore, the system also gives the person up-to-the-minute and detailed information on each item in your inventory. He/she will know exactly how much inventory comes in; is on-hand now, and where it goes. In fact, most entrepreneurs these days find that computerizing a system gives them a far wider range of information with less effort. Sales and inventory programs now on the market allows one to track usage, monitor changes in unit costs, calculate items when you need to reorder, and analyze inventory levels on an item-to-item basis. In contrast, using a manual Point of Sale (POS) with Inventory System can affect the whole business process in terms of sales and security of confidential documents since it is not reliable enough. Common problems like slow inventory process, lost records, inventory shortages, and high risk of errors can affect the whole business as a whole. Point of Sale with Inventory System makes a particular business much more efficient, lowering the costs of running the business while improving customer service and making the business more pleasant to work with. It also helps the management to control the inventories, lower overall operating costs in the areas of labor, facilities and logistics as well as improve customer service metrics and fulfillment rates. 1.2 OBJECTIVE OF THE STUDY

1.3.1 General Objective
The purpose of this study is to create and design a Point of Sale and Inventory System which will make every transaction easier, fast, secured, efficient and reliable by increasing information reporting accuracy transaction monitoring of Rapa Generics Pharmacy. 1.3.2 Specific Objectives

* To concentrate automated inventory and sales reports.
* To provide a better security for pharmacy inventory management system for pharmacy inventory management system. * To save manpower and at the same time increase the daily activities. * To build an inventory system that includes transaction process, so it will enable to calculate the stock balance. * Helps to make sure that product purchased from a supplier is correctly dispensed to the customer. 1.3 STATEMENT OF THE PROBLEM

This study aims to develop a Point of Sale (POS) Inventory System which will address the following problems of Rapa Generics Pharmacy: * How might a computerized system differ from a manual system for processing a transaction? * How a computerized system can reduce human effort and...
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