Bulk purchasing, Business Management

Assignment Help:

Every morning a purchasing assistant will take the previous day's prescription log and parse it into two history files: filled prescriptions (drug name and quantity sold), and unfilled prescriptions (drug name and quantity requested).

The purchasing agent uses these two files as well as current inventory levels from the inventory spreadsheet to determine the bulk order. The prescriptions not filled history file may give some indications as to potential need. Information from the catalogs for each of the Pharmaceutical Wholesale Distributors is utilized which includes the wholesaler's name, address, phone number, fax number, as well as the products they sell and what will be pharmacy's acquisition cost.

Once the items to be ordered are finalized, a purchase order, which includes the purchase order date, items ordered, acquisition price per item, and quantity, is created and sent to a distributor. A copy of each purchase order is left in a designated tray on the desk of the purchasing assistant.

The purchasing assistant handles the receipt of stock, which are always accompanied by an invoice. The assistant utilizes the copy of the purchase order to verify that the items were indeed ordered and if so, makes the payment to the distributor, and updates the inventory spreadsheet to reflect the additional items.


Related Discussions:- Bulk purchasing

Motivation & Fairness Perception, How does employees fairness perception af...

How does employees fairness perception affect motivation?

Outline the importance of good body language at work, QUESTION 1 (i) ...

QUESTION 1 (i) Outline the importance of good body language at work. (ii) Elaborate on its importance while dealing with clients. Answer with examples. QUESTION 2

Organizational management, 1. Explain how recent changes have made the worl...

1. Explain how recent changes have made the world global marketplace different than in the past. 2. What role does faith play in the global marketplace?

Management, should video game companies continue to alter their products to...

should video game companies continue to alter their products to include other functions such as EMAIL?

Case study, You will be asked five questions about it from a range of topic...

You will be asked five questions about it from a range of topics covered in the unit.

Data collection and analysis, Data Collection and Analysis The backbon...

Data Collection and Analysis The backbone of this research is to establish and sustain a clear link between conceptual framework and empirical analysis. The main importance of

What are the barriers to successful communication, What are the barriers to...

What are the barriers to successful communication? Barriers to Successful Communication: A barrier to successful communication does not allow the transmission of accurate

Business plan, starting up a maintances business plan

starting up a maintances business plan

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd