Enhancement of Pharmacy Inventory Control System Thesis: CONCLUSION

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CONCLUSION

Inventory management is crucial for most companies, but it is especially crucial for small businesses like MDC because when compared with large companies, they usually have limited resources and bargaining power, which have negative effects on the way the inventory can be managed.
This thesis is trying to propose an enhanced inventory control system for a small organization like MDC. Establishing policies and procedures is the major step in starting an inventory control. These policies and procedures must be implemented and the management must see to it that everyone in the organization complies with it. A good inventory system does not need several employees to implement segregation of duties and avoid conflict of interests. Proper documentation and supervision of transactions should be given more focus.