The working of an ayurvedic pharmacy

Shaharu B.

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The working of an ayurvedic pharmacy

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Abstract

Ayurveda was predominant in Kerala and most of the other parts of India for a long period. But foreign invasion and the subsequent propagation of allopathic medicine made Ayurveda very weak in importance. But newly developed fear of the side effects and long term ill effects of allopathic medicines coupled with inefficiency to combat a large number of deceases have brought the attention not only to Kerala and India but also to the biologically based medicines. A large number of new organizations in India are entering the area of ayurvedic medicines manufacturing. The curiosity of the world is too high and the research and development taking place all over the world in the area of this science is very strong. Obviously it is the golden era of this science. Companies like Dabur and Himalaya are as strong as any allopathic medicines company. A large number of allopathic medicine manufacturing companies have started including ayurvedic medicines in this production list.

Another area of gaining prominent and worldwide attention is herbal cosmetics. The growth of the world market in herbal cosmetics is amazing.

Apart from ayurvedic medicines which is based on the traditional Indian system of diagnosis and treatment, a large number of herbal medicines are also available in world market. In fact the growth of the market share of these products suppresses the growth of ayurvedic market by several times.

Introduction
The purchasing department
1. The purchase procedures
2. Functions
3. Departmental chart
The finance department
1. Objectives
2. Structure of the finance department
The production department
1. Objectives
2. Functions
3. Production process
List of common products and types available
Raw materials used for production
The quality control department
1. Objectives
2. Function
Importance of inventory management
1. Benefits of inventory management and control
2. Objectives of inventory control
3. Types of inventory levels
4. Inventory control techniques
5. HML analysis
6. FSM analysis
7. VED analysis
Methods of valuing materials issues
SWOT analysis of the industry

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[...] The inspiration behind the ABC analysis has been drawn from Wilfred, Pareto, an Italian economist and sociologist who generated some highly debatable concepts of economy and sociology. Extending praetor principle to inventory it is always possible to separate vital few' from ‘trivial many' of the stock item for there effective control. Separating vital few of trivial many is what is precisely is ABC analysis. Pareato principle was what brought the attention of the people with inventory management by H. Forddicks who applied Pareto law to inventory and developed the general concept of ABC analysis. [...]

[...] BENEFITS OF INVENTORY MANAGEMENT AND CONTROL Proper management and control of inventories will result in the following benefits to an organization. Inventory control ensures an adequate supply of materials and stores. It keeps down investment in inventories It facilitates purchasing economies through measurement of requirement on the basis of recorded experiences. It eliminates duplication in ordering. It permits a better utilization of available stocks. It provides a check against the loss of materials through carelessness. It facilitates cost accounting activities. [...]

[...] DEPARTMENTAL CHART FINANCE DEPARTMENT Finance is the lifeblood of an organization. It is controlled by the accounts manager. Financial transactions are properly written in the books of accounts by the clerk and the accounts manager checks it day to day. Objectives 1. Preparing budget for expenditure and income monitoring to see that they do not exceed the limit Preparing financial statements and arrive the profit of the concern Documentation and proper maintenance of the record. STRUCTURE OF FINANCE DEPARTMENT PRODUCTION DEPARTMENT The production department is under the control of Deputy Manager. [...]

[...] Which needs to be review regularly and surplus items which have to be examined further non moving items may be examined further and disposal can be considered . VED ANALYSIS (VITAL, ESSENTIAL & DESIRABLE ANALYSIS) While in ABC classification inventories are classified on the basis of their conception value and in HML analysis the unit value is the basis critically of inventories is the basis for vital essential desirable categorization. The VED analysis is done to determine the criticality of an item and its effect on production and other services. [...]

[...] INVENTORY LEVELS MAXIMUM LEVELS It represents the maximum quantity of an item of material, which can be held in stock at any time. Stock should not exceed this quantity. The quality is fixed so that there may be no over stocking. Over stocking should be avoided as far as possible because of the following disadvantages. Over stocking unnecessarily block working capital, which would be profitably used somewhere else. This may be loss due to the obsolescence on account of over stocking Minimum Level = Recording Level X reorder quality - (Minimum consumption X minimum re-order period) MINIMUM LEVELS This represents the minimum quantity of the material which must be maintained in hand in all times. [...]

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