ipl-logo

Pharmacy Inventory Budget Paper

187 Words1 Page

By April 2016, within the next six months the pharmacy department will cut the drug inventory budget by 25%. This in alignment with the Humble surgical request that every department need to cut its budget.
In order to achieve the goal, the pharmacy will identify all the brand stock of fast moving drugs that will be equivalent to 25% of the pharmacy drug budget based on their costs and replace them with available cheaper generic when they run out.
The pharmacy inventory procurement employee will review the stock inventory for the comprehensive brand drugs in pharmacy stock every month.
The clinical pharmacist will review the brand drugs lists and select the comparable generic drug to replace each brand. The list of the comparable generic drugs

Show More
Related

  • Nt1330 Unit 2 Assignment

    151 Words  | 1 Pages

    Exercise 7-13 I have to announce everyone in the group that we will not be able to meet the June 1 commitment to ship 100 operating tables to Southeast Surgical Supplies. To be clear, we only have 30 tables on hand as a report of this morning. However, this is not our fault entirely. Six months ago, purchasing warned us about shrinking supplies and suggested we buy as much as we could in advance for the next 12 months. We tried to follow their advice, but we were never be able to buy supplies in advance due to company’s policy about never buying more than three months worth of materials in advance.

    Read More

  • The Impact Of Kroger Company Contributed To America

    447 Words  | 2 Pages

    Under the company’s umbrella, there are 2,796 grocery supermarkets, to name a few Kroger, City Market, Kings Shoppers, Harris Teeters, Ralphs and Smiths are located throughout 35 states and the District of Columbia directly or through subsidiaries operations. (GuruFocus.com) The Company’s portfolio extends to successfully tackling and implemented 2,255 pharmacies. The company recent acquisition and merged a deal with ModernHealth in 2016. Under the merger, the company’s customer base would be broadened by the Kroger’s providing medication they normally do not disperse.

    Read More

  • How Will Pharmacists Influence Lia's Care Conditions And Outcomes

    314 Words  | 2 Pages

    Pharmacists will also follow up the patients in order to get better outcomes.

    Read More

  • Prescription Drug Comparison Paper

    131 Words  | 1 Pages

    II. Places of deaths, most effective prescription drug comparison between states. Prescription drug abuse became an issue in every state in the U.S., However, there are some states that have less number of deaths than others for not legalizing the types of drugs that the others states legalize, and abusers can be arrested for using non-medical drugs. Since the medical marijuana movement began, 23 states and the District of Columbia, starting with California in 1996, have legalized medical cannabis.

    Read More

  • Sdm Strategic Competencies

    2890 Words  | 12 Pages

    Shoppers Drug Mart (SDM), known as Pharmaprix in Quebec, is one of the most recognized and trusted brands in Canadian retail. With 98% consumer awareness and over 1350 stores (both convenient and Home Health Care), SDM is the number one provider of pharmacy products and services across Canada. Built on the three main pillars of beauty, health and convenience, SDM offers a diverse product offering in over-the-counter medications, health and beauty aids, household consumables, mass premium cosmetic products, and exclusive private label brands. With the pharmacy business generating more than 50% of total sales, SDM aims to stay on top of innovation, technological trends and consumer preferences in today’s constantly changing marketplace.

    Read More

  • Medicine Bag Research Paper

    1249 Words  | 5 Pages

    Time moves on and generations pass, and each of those generations have a different outlook on the world and what is crucial to them as human beings. While certain values can and should change, other values give stability to life and prosperity to all people. Each culture, country, or person may interpret these statements differently, molding them to their own unique life and challenges. While some may lose sight of a way to live a life that brings good to all people, the beholder of this medicine bag and everyone he encompasses should share this knowledge with the world. The bag isn’t a way of seeing the world, but a way of living.

    Read More

  • Swot Analysis Of Merck

    949 Words  | 4 Pages

    This can lead to a high power of suppliers over companies in need to obtain these ingredients known as APIs . The size of buyer is important to determine volumes of ingredients to buy or capacity and possibility to produce them internally. Merck as a multinational chemical and pharmaceutical company produces internally all active ingredients and components of its pharmaceuticals. In this way, innovative as well as highly qualitative products can make their way to the market under Merck brand. In this context, no switching costs exist and relationship with external suppliers are limited to raw materials that have less critical role in the production of the drugs.

    Read More

  • Pharmacy Tech Research Paper

    1157 Words  | 5 Pages

    I chose Pharmacy Tech because my life involves around medication and my family. So as I was growing up, I always helped my family which are my number 1 priority. When I was in first grade at the age of six years old, I tend to get sick a lot of times. So when I did get sick my aunt will go buy me some OTC children’s ibuprofen for my fever’s ,

    Read More

  • Assignment 2: The Role Of Budgeting In Healthcare Organizations

    966 Words  | 4 Pages

    Budgeting or a health care organization will allow the organization to provide more care to more patients if handled correctly. Fraud can occur when dealing with budgeting, therefore, budgeting needs to be handled by the management team only and needs to be audited regularly. Each individual in the management team needs to have reviews completed on them to know that they are trustworthy and have integrity. According to the portfolio alert, the Officer of Inspector General (OIG) is in the lobby and as the practice administrator; I will handle this situation and demonstrate to the OIG that are healthcare organization takes great precautions to eliminate this behavior of fraud.

    Read More

  • Porter's Five Forces In The Pharmacy Industry

    1156 Words  | 5 Pages

    The number of acquisitions is not so high and it depends more upon the organic expansion. • These pharmacies face informative and predictable risk from the variability of “generic conversion” • Inability of the company to keep stride with the growing private labeled brands popularity. • The in-store implementation of the store formats and services is not consistent at every

    Read More

  • Pharmaceutical Promotion Case Study

    825 Words  | 4 Pages

    Write an article for a newspaper aimed at the general public with the aim to inform and convince the public of your position with regards to pharmaceutical promotion, the nature of the problem, the dilemma’s and the (need for?) regulation.’ At this moment, there are about 81,000 pharmaceutical sales representatives in America. These 81,000 salesmen have about 830,000 doctors and or people who are allowed to subscribe as their target.

    Read More

  • My Reflection On Medication History

    831 Words  | 4 Pages

    Medication History Reflective Writing Pharmacy Practice II Shaymous Juhnke As a student in SDSU’s pharmacy program one of the activities required to prepare us for real world pharmacy practice is to perform a medication history. Performing a medication history and reviewing it can be helpful to in acquiring information about a patents disease states, keeping an up to date record on their current medications, and helps prevent and resolve potential and current issues with patents medications.

    Read More

  • Porter's Five Forces Analysis Pharmaceutical Industry

    720 Words  | 3 Pages

    Allopathic medicines do not have many substitutes unless one counts homeopathic and ayurvedic treatments. Within the industry, one company can be replaced by another through generic drugs. In unbranded markets, one drug can replace the other but in branded markets, where the medical practitioner subscribes the medicines to the patients, he can replace one drug with another. " Bargaining power of the supplier: The bargaining power of suppliers in the market is low.

    Read More

  • Master Budget Analysis

    3334 Words  | 14 Pages

    Introduction to Budgets and Preparing the Master Budget Budgets and the Organization Many people associate the word budget primarily with limitations on spending. For example, management often gives each unit in an organization a spending budget and then expects them to slay within the limits prescribed by the budget. However, budgeting can play a much more important role than simply limiting spending. Budgeting moves planning to the forefront of the manager's mind. Well-managed organizations make budgeting an integral part of the formulation and execution of their strategy.

    Read More

  • Inventory Management System Case Study

    1298 Words  | 6 Pages

    In order to manage their companies’ inventory, business owners create procedures . The type of small business, size of operations and number of business locations often dictate the model of inventory management system a company uses. Inventory replenishment features include an authorized purchase order sent to a vendor or supplier requesting additional inventory products. Business owners generally implement a specific inventory order process for replenishing inventory. These products was receives and verifies by the company employee.

    Read More

More about Pharmacy Inventory Budget Paper

Open Document