Reference no: EM133723673
Question: Technology Improves Cost-Saving in Pharmacy Inventory
How KitCheck technology is significant in the role of innovative technology in improving cost savings in managing medication inventory. Kit Check is the industry-leading RFID-enabled inventory management solution. It helps over 600 hospitals technologize and automate time-consuming and inefficient restocking processes to minimize drug expirations, reduce restocking time, improve patient safety, and optimize kit and tray contents based on actual usage. Kit Check is the number one choice for managing kits and trays.
A.Students will write a summary description of the problem to be addressed, and complete a SWOT matrix that identifies the important internal and external factors relevant to the chosen problem. The SWOT Matrix template is attached:
The narrative should include the following points:
Describe the process of problem identification. How was this problem chosen as the topic for the project?
Define the problem in terms of its impact or potential impact on the organization and the population it serves.
What types of strengths, weaknesses, opportunities and threats arise due to this problem?
What legal/ethical risks does this problem potentially present?