inventory management, writing homework help

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tvnR95

Health Medical

Description

Inventory control has important effects on a pharmacy's Return on Investment (ROI). Proper inventory control minimizes total inventory investment and offers the correct amounts of needed products to satisfy patient.

As a Pharmacy Manager, you will not be available all time. Your expectation is that the Pharmacy Technicians will be knowledgeable in managing the inventory in the pharmacy, as well as assuring that medication is stocked appropriately. You will apply the transferrable skills of ethics and professional responsibility for this assignment.

In a minimum of 2 pages, written in APA format:

  1. Provide at least 2 reasons why inventory errors occur. Explain how your Pharmacy Technicians should manage these errors.
  2. Discuss the importance of taking responsibility for managing the inventory and accomplishing other work goals within the accepted time frame.

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Explanation & Answer

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Running head: BASIC INVENTORY MANAGEMENT

Basic Inventory Management
Institutional Affiliation:
Author’s Name:
Date:

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BASIC INVENTORY MANAGEMENT

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Inventory control entails developing a greater and efficient oversight over stock. Proper
inventory control helps in increasing a business’ Return on Investment (ROI) by lowering
operational costs, minimizing fraud and speeding up fulfillment. The company can as well utilize
inventory control systems in balancing accounts, assessing the existing assets and providing
financial reports.
As a pharmacy manager who will not be available d...


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