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

National industrial relations system, QUESTION You have been asked to a...

QUESTION You have been asked to accept an international assignment that involves working in Nigeria for 2 years. Following the general trend, your employer will not provide a p

What is negotiation, Question 1 Explain the basic steps in dressing up the...

Question 1 Explain the basic steps in dressing up the full size mannequin Question 2 Explain types of display settings Realistic setting Environmental setting

Change management, Part One Choose a business that you approach or one ...

Part One Choose a business that you approach or one that you already have access to . The report will be divided into 4 sections: A discussion of change management th

GE matrix components, What are the characteristics of each component of the...

What are the characteristics of each component of the GE matrix?

Introduction to business organization-management, Introduction Ernst ...

Introduction Ernst & Young (EY) is one of the major business organizations in the world that offers professional services to the customers in more than 140 countries. It is a

Provide leadership across the organization, Examine the strategic and busin...

Examine the strategic and business planning documents of bounce fitness.Evaluate and report if they are consistent with the strategic direction and if they provide clear leadership

Explain the different functions of management, Managers are directly respon...

Managers are directly responsible for the success or failure of any organisation. Their main responsibility is to assist the organisation to achieve its objectives in an efficient

Explain potential conflict between management and company, CRSL has a large...

CRSL has a large auditorium which can cater for 300 people and is ideal for formal balls and functions. The auditorium can also be reconfigured to cater for 100 people. The Seasons

What are the pitfalls and benefits of planning, Question 1: i) Differen...

Question 1: i) Differentiate between internal and external environment in which an organization operates. ii) How managers will reduce the influence of the external environ

Define the wordings of b. higgins about economic development, Define the wo...

Define the wordings of B. Higgins about Economic Development. According to the wordings of B. Higgins, about the economic Development as, "Entrepreneurship is meant the action

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