Point of Sale and Good Inventory Control

Topics: Point of sale, Receipt, Cash register Pages: 2 (581 words) Published: February 24, 2013
This chapter contains the researched review done by the proponents about the related ideas regarding the proposed system. It includes constitutes more on the study of the System Literature Side. RELATED LITERATE

Inventory can be the largest investment a pharmacy can make. Dealing with inventory can be intricate unless an organization has a good inventory control system. The purpose of this system is to maximize efficiency and effectiveness. Efficiency is to minimize inventory costs and effectiveness is to meet the customer demands.

Inventory control involves maintaining adequate stock of medications, as well as storing those medications in a safe and secure manner. It also means keeping track of the purchasing and distribution of the medications. Good inventory control allows the pharmacy to have enough medications on hand to fill prescriptions and orders, without having so much stock that drugs deteriorate before they can be used (Askew and Smith-Stoner, 2001). RELATED STUDIES

Point-of-Sale System Basics for Retailers
For entrepreneurs, the ka-ching of the cash register has long been the sound of music. But today the cash register of even the smallest business may be attached to a computer via "point-of-sale" (POS) systems. These systems have grown in popularity over conventional cash registers because they don't just ring up sales. They amass vital, real-time information about your inventory and customers. At the core of these systems are a standard-issue computers running specialized POS software, usually with a cash drawer and receipt printer, and often with a bar code scanner and credit card reader. Vendors often sell these systems pre-configured, or you can add these peripherals on as your requirements grow. The typical cost can be less than $1,500. What do you get for your investment? Without a doubt, the biggest advantage is the ability to get an immediate,...
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