Handling stocks in every organization is an important issue in every business. A well-structured inventory system would give the organization proper control of their stocks.
This study will be using the input-process-output diagram to come up with an enhanced pharmacy inventory control system for MDC.
Input. The first variable is the current pharmacy inventory control system of MDC as provided based on interviews and observations by the researchers. It will include policies and procedures provided by the management currently implemented for purchasing, receiving, storage, issuing and reporting of inventory.
Process. After identifying the inputs, the current pharmacy inventory control system of MDC will be evaluated using the SWOT analysis. After the strengths and weaknesses of the current system are identified, the enhancement of the current pharmacy inventory control system of MDC will follow. During this phase, management and accounting theories, concepts, and techniques will be followed to enhance the current system. Also, the organizational requirements of MDC will be taken into consideration for the enhancement. Before the final output, feedback from the management will be taken for comments and suggestions to be added for the final output.
Output. The output will be the result of the careful analysis and discussion of the researchers and the client’s management. The output will be an enhanced pharmacy inventory system for MDC to be recommended for the client.
Figure 2 shows the conceptual framework of the study using the input-process-output diagram.
Figure 2. Conceptual framework
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