Uncategorized

Pills and Pixels: Simplifying Medicine with Automated Prescription Filling

In a world where technology touches every aspect of our lives, it’s no surprise that even our pharmacies are getting a tech makeover. Enter Automated Prescription Filling—a game changer in the way pharmacies operate, making getting your medication faster, safer, and more reliable. Let’s break it down into simple terms and discover how this innovation is transforming the pharmacy as we know it.

Understanding the Automated Prescription Filling Process:

 

  • The Journey Begins: Streamlined Data Input

What Happens: The automated prescription filling process kicks off when a doctor sends a prescription electronically to the pharmacy, or a patient submits a physical prescription that the pharmacy staff then enters into the system. This digital entry marks the prescription’s first step into an intricate, highly efficient process.

The Impact: Consider the precision of digital communication systems, which virtually eliminate the errors common in manual transmissions. A report by the Center for Information Technology Leadership estimated that electronic prescribing systems could prevent up to 85% of medication errors. This initial step ensures that every detail, from the drug’s name to the dosage and frequency, is accurately captured in the pharmacy’s digital system.

  • The Safety Net: Integration with Medical Records

What Happens: Once the prescription is digitized, it’s automatically cross-referenced with the patient’s electronic health records (EHR). This step is crucial for identifying potential drug interactions, allergies, or other contraindications that could harm the patient.

The Impact: Imagine a scenario where a patient, let’s call her Emily, is allergic to a specific medication, but that detail might have been overlooked in a manual check. The automated system instantly flags this allergy, preventing a potentially dangerous situation. Studies have shown that integrating prescription systems with EHR can reduce adverse drug events significantly, making medication safer for patients like Emily.

The Heart of Automation: The Automated System Springs into Action

What Happens: Sophisticated algorithms then take over to validate the prescription against the patient’s medical history in real-time. This step checks for dosage accuracy, drug interactions, and adherence to treatment guidelines.

The Impact: It’s akin to a highly advanced, real-time data analysis system that can detect anomalies in vast datasets within seconds. Pharmacies report a drastic reduction in dispensing errors, with some noting a 70% decrease in mistakes, ensuring patients receive the right medication at the right dose.

Optimized Inventory Management

What Happens: The system automatically checks if the prescribed medication is in stock, managing the pharmacy’s inventory efficiently. If a drug is running low, the system can prompt reordering, ensuring that essential medications are always available.

The Impact: This is similar to just-in-time inventory practices used in manufacturing, which have been shown to reduce waste and increase efficiency. For pharmacies, this means improved service to patients, with medications readily available when they are needed, minimizing wait times and avoiding treatment delays.

Precision and Safety in Dispensing

 

What Happens: The automated dispensing technology accurately counts pills or measures liquids, ensuring that patients receive the exact dosage prescribed by their healthcare provider.

The Impact: Think of this precision like a highly skilled chef measuring ingredients to ensure the perfect flavor balance. In pharmacy terms, it translates to patients receiving the correct amount of medication, crucial for the efficacy of their treatment. Errors in dosage can lead to ineffective treatment or adverse reactions, but automation reduces this risk significantly.

Secure Packaging and Labeling

What Happens: Once the medication is dispensed, it’s securely packaged and labeled with the patient’s name, medication name, dosage instructions, and any necessary warnings.

The Impact: This meticulous approach is akin to the careful packaging of consumer electronics, where every component, from the device to the instruction manual, is clearly and securely packaged. In the pharmacy, such labeling ensures that patients understand how to take their medication correctly, enhancing safety and efficacy.

The Human Touch: Pharmacist Oversight

What Happens: Despite the advanced automation, a pharmacist conducts a final review of the prescription before it’s handed over to the patient. This step ensures that the automated processes have correctly interpreted and filled the prescription.

The Impact: This is comparable to a pilot manually checking the autopilot settings before takeoff. Even with the most advanced systems, human expertise is irreplaceable for ensuring safety and accuracy. Pharmacists bring a critical layer of oversight, using their knowledge and experience to catch any potential issues before they reach the patient.

    “Automation is cost-effective and provides a layer of predictability that can streamline processes and improve overall efficiency.” – Bill Gates

    Why It’s a Game Changer

    • Safety and Accuracy:  By minimizing human intervention, automated prescription filling significantly reduces the margin for error. This proactive approach enhances patient safety by virtually eliminating instances of incorrect dosage or medication mix-ups.
    • Efficiency: The streamlined workflow facilitated by automation expedites the prescription filling process. What once might have taken hours can now be accomplished within minutes, enhancing overall efficiency and convenience for both patients and pharmacy staff.
    • Pharmacist Availability: With the burden of routine tasks alleviated, pharmacists can redirect their focus towards providing personalized care to patients. This shift fosters deeper interactions, allowing pharmacists to address inquiries, offer medication counseling, and provide invaluable support tailored to individual needs. Ultimately, it cultivates a more patient-centric healthcare experience, where attention to detail and empathy reign supreme.

    Conclusion: The Future of Pharmacy

    The automated prescription filling process embodies the integration of technology and healthcare, aiming to improve patient outcomes, enhance safety, and streamline pharmacy operations. Through each step of this process, from initial data input to the final pharmacist check, automation plays a pivotal role in ensuring that patients receive the right medication, at the right time, in the right dose. This technological advancement not only represents a significant leap forward for pharmacies but also marks an evolution in the broader landscape of healthcare, where precision, efficiency, and patient safety are paramount.


    Comments Section:

    We’d love to hear your thoughts! How do you feel about the integration of technology in healthcare, specifically in pharmacies? Share your experiences or any concerns you might have below.

    Keywords:

    Automated Prescription Filling, Pharmacy Technology, Healthcare Innovation, Medication Safety, Pharmacy Efficiency

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    Logistics, Robot Process Automation

    Leverage Automation to Accelerate Logistics Processes, Reduce Costs, and Delight Customers

    Automation : The Secret Weapon for Logistics Optimization

    In the fiercely competitive realm of logistics, innovations that streamline operations, slash costs, and elevate customer satisfaction are invaluable. Enter Robotic Process Automation (RPA), a transformative force revolutionizing tasks with unmatched efficiency and accuracy. Through key use cases, we’ll explore how automation, powered by RPA, is not just a technological leap but a practical tool for real-world challenges, making logistics operations smoother, faster, and more reliable.

    Introduction

    In an era where efficiency defines success, the logistics industry has embraced automation as its champion. Imagine a digital workforce, tirelessly operating round-the-clock, tackling the most tedious tasks with precision. Automation, through RPA, is revolutionizing logistics by taking over routine tasks, freeing human workers to focus on more strategic endeavors. This post will delve into how automation is significantly enhancing logistics in core areas, underscored by vivid examples and compelling statistics.

    How Automation Makes a Difference in Logistics

    Automation isn’t just a buzzword; it’s a robust tool fighting the traditional challenges of logistics operations. From inventory management to order processing and invoice handling, the influence of automation is growing, yielding tangible benefits.

    Streamlining Inventory Management

    The Challenge:

    Inventory has to be monitored and maintained by manufacturers and suppliers in order to ensure that they have enough material to meet customer demands. Need to take real-time reports to optimize inventory needs.

    Two women working in warehouse using tablet look scanning barcode for stock inventory check

    Automation to the Rescue:

    • Automated Stock Updates: Continuous monitoring of stock levels ensures real-time updates, minimizing the risk of discrepancies.
    • Demand Forecasting: By analyzing past sales data to predict future demand, automation keeps inventory aligned with market needs.

    The Impact:

    Companies leveraging automation for inventory management report up to a 50% reduction in inventory-related tasks and a significant increase in accuracy, virtually eliminating stock issues.

    Efficient Order Processing:

    The Challenge:

    Order Processing is performed by manual entry of the customer information in companies’ database, processing payment, sending an email confirmation and placing order.

    Automation processes using RPA for logistics companies.RPA can streamline various tasks in logistics companies, such as order processing, inventory management, and shipment tracking. By automating these processes, companies can reduce errors, improve efficiency, and free up employees to focus on more strategic activities. Additionally, RPA can help logistics companies adapt to changing market demands and scale their operations more easily. Overall, implementing RPA in logistics can lead to cost savings, faster delivery times, and increased customer satisfaction.

    Automation to the Rescue:

    • Quick Data Entry: Automation dramatically shortens order processing times by swiftly entering order details into systems.
    • Seamless Coordination: Digital workers optimize order fulfillment by assigning orders to the most suitable warehouse and arranging shipping, streamlining the process.

    The Impact:

    Organizations using automation report order processing times cut by up to 70%, significantly boosting customer satisfaction and reducing logistical bottlenecks.

    Automating Invoice Processing

    The Challenge:

    One of the major challenges for businesses is getting paid after the job is done. The regular follow-ups and multiple systems in the process can make it slower. RPA can integrate multiple systems to streamline the process. RPA can integrate with freight bill payment systems to automate complete order-to-cash process for hundreds of large 3PL carriers.

    A woman is sitting at a desk, typing on a computer, efficiently managing the invoice processing for logistics
    A woman is sitting at a desk, typing on a computer, efficiently managing the invoice processing for logistics

    Automation to the Rescue:

    • Instant Invoice Creation and Sending: Automation allows for the automatic generation and dispatching of invoices, significantly reducing delays.
    • Quick Reconciliation: Bots efficiently match invoices against purchase orders with minimal human intervention, swiftly identifying discrepancies.

    The Impact:

    Invoice processing automation has enabled companies to reduce costs by up to 60% and cut processing times by 75%, boosting efficiency and improving vendor relations.

    “Embrace automation to transform logistical challenges into opportunities for efficiency and growth, setting a new standard for innovation and customer satisfaction in the industry.”

    The 24/7 Advantage

    Imagine operations running seamlessly 24/7, without constant human oversight. Automation makes this possible, working tirelessly to ensure uninterrupted workflow and quick adaptation to market changes.

    Wrapping Up: The Simple Truth About Automation

    Automation, underpinned by RPA, is revolutionizing the logistics industry by taking on tedious tasks, allowing humans to focus on problem-solving and innovation. As we progress, automation stands as a testament to faster, cost-effective, and more reliable logistics operations.

    The Future Is Automated

    The logistics sector is entering a new era marked by automation, driving efficiency, innovation, and growth. The evolving capabilities of automation in logistics forecast a future of more efficient, accurate, and resilient operations, adaptable to changing market dynamics. Integrating automation into logistical processes prepares companies not just for today’s challenges but for tomorrow’s opportunities.

    Navigating Challenges with Automation: Beyond the Basics

    As businesses explore the depths of automation’s potential, they find it capable of addressing complex challenges. Beyond basic tasks, automation is pivotal in enhancing data analysis, optimizing route planning, and managing customer inquiries, signifying its growing influence and shaping the future of logistics in exciting ways.

     

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    Robot Process Automation

    Revolutionize Your Pharmacy with RPA: Unlock Efficiency & Reduce Risks

    In the fast-evolving world of healthcare, pharmacies are increasingly turning to Robotic Process Automation (RPA) to stay ahead. This innovative technology is not just about keeping up with the times; it’s about setting a new standard for efficiency, accuracy, and customer satisfaction. By automating mundane and repetitive tasks, pharmacies are witnessing a transformative shift in their operations, leading to significant cost savings and enhanced service quality.

    Revolutionizing Pharmacy with RPA: Streamlining Healthcare, Enhancing Patient Care

    1. Automated Prescription Filling: The Efficiency Booster

    Use Case: A leading pharmacy chain implemented RPA for prescription filling and witnessed a dramatic increase in productivity. The automation software was programmed to sort, label, and dispense medications with precision.
    Benefits: The accuracy rate shot up to an impressive 99.9%, reducing prescription errors significantly. Moreover, the process became 50% faster, cutting the average wait time from 20 minutes to 10 minutes. This led to an estimated cost saving of $200,000 annually in reduced error rectification and labor costs.
    2. Inventory Management: The Cost Saver

    Use Case: Another pharmacy utilized RPA for real-time inventory tracking. The system automatically updated stock levels, alerted the pharmacy about low stocks, and even initiated reorder requests for depleted items.
    Benefits: This use case resulted in a 20% reduction in inventory holding costs due to more accurate stock levels and reduced incidences of overstocking or stockouts. The pharmacy saved approximately $120,000 per year by minimizing lost sales and reducing surplus inventory disposal costs.

    3. Appointment Scheduling and Customer Service: The Customer Delight


    Use Case: A small community pharmacy adopted RPA for managing appointment scheduling and providing 24/7 customer service through chatbots.
    Benefits: The automation led to an 80% decrease in customer wait time for scheduling appointments. The chatbot handled over 1,000 customer inquiries a month, saving the pharmacy about $50,000 annually by reducing the need for additional customer service staff.

    4. Regulatory Compliance and Reporting: The Risk Mitigator


    Use Case: Pharmacies face stringent regulatory requirements, necessitating accurate and timely reporting. RPA was used to automate the compilation and submission of regulatory reports.
    Benefits: This resulted in a 70% reduction in the time required to prepare and submit reports, translating into a risk reduction worth over $100,000 in potential fines and penalties. Additionally, the automation ensured 100% compliance with regulatory standards, protecting the pharmacy from legal issues.

    The Flip Side: Navigating the Risks of Ignoring RPA

    In contrast, pharmacies that lag in adopting RPA face not just the risk of falling behind in efficiency but also incurring higher operational costs and lower customer satisfaction. For instance, manual processes prone to errors can lead to a 20% increase in operational expenses due to wasted time and resources in correcting mistakes. Furthermore, customer dissatisfaction from long wait times and errors can result in a loss of up to 30% in potential revenue from repeat business.

    “RPA in pharmacy operations marks a significant leap forward, slashing prescription errors by up to 80% and boosting efficiency by 50-70%. It’s not just an upgrade; it’s a revolution in patient care and operational excellence.”

    Conclusion: Embracing the Future with Open Arms

    The adoption of RPA in pharmacies isn’t just a step towards modernization; it’s a leap into a future where efficiency, accuracy, and customer satisfaction are the norms. With real-life use cases showing significant benefits in cost savings, productivity, and risk mitigation, the message is clear: the time to embrace RPA is now. By integrating robotic process automation into their operations, pharmacies can not only meet the demands of today but also anticipate the challenges of tomorrow, ensuring a healthier, more prosperous future for all.

     

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    Artificial Intelligence, Marketing, Robot Process Automation

    5 Ways within Organizations to Efficiently Enforce RPA in Marketing

    RPA stands for automation of robotic systems, which is the mechanization of business processes using routine activities done by machine tools. There are numerous cases of automation of robotic processes that can lead to substantial improvements in productivity and time. Specifically, in terms of sales and marketing, RPA adoption will reduce repetitive tasks by almost 80%. This means that humans can have much more time and energy for innovative and non-repetitive activities, with 59% of business processes predicted to be automated by 2022. It also means you may have to hunt for a new career, but now let’s not get into it.

    Automation plays a growing role, encouraged by the often simple integration of RPA with the existing IT infrastructure.

    Here are 5 ways within these organizations to efficiently enforce RPA.
    1) Storing Current and New Information for Consumers

    A noteworthy case of robotic process automation is that it helps one to store consumer data in a structured and open way. Automatic sorting of various data types, as well as simple visualization of company-wide data, can save time compared to manually entering this information.

    2) Cultivating Leads

    To automatically nurture leads from a number of different networks, RPA can be used. RPA will lead to quicker and quicker lead nurturing to boost revenue by facilitating instant follow-up and connexions with leads. RPA may encourage the providing of timely responses to data as well as produce polite and attractive responses to advance the discussion.

    3) Business Intelligence Reporting

    There is a multitude of marketing and distribution details available to the organization that will take way too much time having to manually manage it. On the other hand, in order to simplify these procedures, RPA can be used to set business-defined laws. For eg, RPA bots can all be followed by new business entrants, related activities, promotions, and competitor messaging. Most notably, insights into current account behavior will enable sales reps to reach out at the right time. For eg, if an existing customer has not renewed and is close to the end of their RPA subscription, the respective account holder will be told to check up with the customer and seek to get a renewal.

    4) Maintaining & Analysing Competition and Pricing

    There are numerous RPA solutions that allow one to watch websites and prices of rivals in real-time, to obtain updates when there is one. This will allow corporations to change their rates accordingly without having to search rival websites manually.

    5) Efficient Processing of Sales and Invoice Orders

    It is a very time-intensive process to ensure that the data is accurate within an organization. Sales professionals expend large sums of time inserting data into the CRM system, which for the finance department must then be entered into a separate system. Such knowledge transitions contribute to substantial decreases in precision, accuracy, and efficiency. Sales order activities, such as entering sales orders and generating their corresponding invoices, can be automated by RPA on an end-to-end basis. It can also process invoices from multiple formats into unified data directly into a single storage structure. RPA does not only simplify the input of data, but it can process multiple stages of decision-making and search for separate errors.

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    healthcare, Robot Process Automation

    5 Ways RPA is Changing The Healthcare Sector

    More and more firms across different industries are adopting RPA solutions to catch up with this fast-paced technological world. According to a recent Deloitte RPA Survey Report, most organizations opting for RPA solution said that improved productivity and increased customer satisfaction was their key concern and prioritize. The survey also showed that out of 400 respondents, more than 50 percent had already adopted the automation solution and around 72 percent are expected to start the automation journey within the next financial year.

    Quoting the Survey Report, “RPA exceeds adopters’ expectations not only when it comes to the rapid rate of ROI increase, but also when it comes to facilitating compliance (92%), improved quality and accuracy (90%), or improved productivity (86%).”

    The healthcare industry also reaps the benefits of automation solutions. A report by Healthcare Leaders stated that three out of four hospitals and health systems have CEOs cited a reduction in total cost incurred and increased efficiency as two of their top financial priorities and concerns. The healthcare industry has been looking for improved efficiency, reduced costs, and automation of manual and repetitive tasks.

    From fixing appointments, scheduling for doctors and other medical staff, generating and updating patient’s prescriptions and records to generating bills, and collecting payments, a hospital has to deal with many operational and administrative works, which are mostly handled by humans-employees. Slight irregularities or delays in any of these have a ripple effect on all other activities, which in the case of a hospital can lead to some serious human damage.

    All these very-likely issues make the healthcare industry turn from human-employees to automated-employees and look for Robotic Processing Automation solutions.

    Here are five reasons that will definitely make you want to adopt RPA solutions, at the first possible chance

    1. Managing Insurance Claims

    Data tells that around 91.2 percent of Americans are covered under health insurance schemes. This indicates the bulk of processes involved in completing the claim procedure, as well as a considerable amount of time. Also, manual handling of claims can go wrong directly impacting the healthcare organization. RPA helps to optimize information and records for processing the insurance claim. It guarantees 100 percent accuracy in filing the claim, filtering relevant information, and making the correct payment on time. Automation also reduces the time taken in the process as the robotic-employee works 24*7*365 without any tired. With the RPA solution, the average time taken to process a transaction gets reduced from 12 to 2 minutes.

    According to a study undertaken by KPMG as much as 30-40 percent of insurance claims don’t comply with official demands. RPA tools can easily identify such claims, and save unnecessary payments.

    2. Maintaining and Updating Patient Records

    Managing patients’ records and updating their database is the most crucial task in any hospital. It is a tedious and regular job, which requires a time-to-time update and accuracy. A minor mistake in updating patients’ records will result in a major mishap for the patients and as well as takes a toll on the hospital’s goodwill. Erroneous or delayed records are mostly the outcome of the callousness of human-employees. A programmed employee who runs on an algorithm has an advantage over humans when it comes to proper record keeping.

    3. Optimizing Appointment Scheduling

    While fixing an appointment it is important that the availability of doctors matches the requirements of the patients. This requires a proper run-through of the doctors’ schedules and their availability. RPA provides an easy solution to this. It fixes appointment schedules to the patient according to their needs and the availability of a doctor. Once the appointment is booked, it updates in the database and removes that appointment slot. RPA automatically notifies the patient via email, confirming the appointment details. This improves accuracy in data collection and processing and increased client satisfaction.

    4.  Added Value of Discharge Instructions

    When a patient gets discharged from the hospital after the treatment, he/she is supposed to follow post-medication and healthcare routine. However, most of the patients tend to ignore post-hospitalization recommendations and follow-ups. RPA provides the exact guidelines on following check-ups and post-medication. It is programmed to send timely notifications informing the patients about their schedule, appointments, and tests. RPA solutions ensure continuous communication between a doctor and a patient required for post-hospitalization medical assistance or doubt-clearance, thereby helping with a proper recovery schedule for the patient.RPA helps in optimal post-treatment coverage and a well-organized recovery process.

    5. Well Organized Audits

    Auditing is a crucial process in the healthcare industry. It keeps the financial health of the hospital in check. Regular audits also help the hospitals to keep a tab on unnecessary expenditure and discover the cost-cutting areas. It is an indispensable routine for any healthcare organization. Auditing is done periodically and includes various categories ranging from patients’ service efficiency check to process safety check.RPA solutions though cannot execute the audit, they can be certainly useful in data recording and report generation, accurately.  This results in well-organized compliance checks and data-informed decisions without any wastage of resources and time.

    These are a few of the numerous advantages of adopting RPA solutions. RPA tools ensure improved productivity and efficiency of the hospitals. As per the Deloitte RPA Survey Report, between 51 to 60 percent of the hospitals could see negative margins by 2025 if they are not able to achieve productivity growth. So if the hospitals want a smooth running without any financial distress, RPA is the way to go.

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    Uncategorized

    How Automation is Making Inventory Management an Efficient Yet Effortless Process

    Inventory management forms the heart of all the manufacturing and allied activities – procuring the raw material, converting it into the final offering by the firm, determining optimum stock levels, and reorder quantities. The optimum level of inventory, at a given point, avoids under- and over-investment of funds and resources. An efficient inventory management system is crucial to saving firms from stock-shocks and losing customers.

    Role of RPA in Inventory Management

    Inventory management includes a series of repetitive tasks across various departments with a mostly transactional nature. Automating, with better coordination among the various departments, reduces redundancy, duplication of work and saves time and effort.

    With automation of inventory management, oversights in determining optimum reorder levels, quantities, and delays are eliminated. An automatic system continuously monitors the stock levels, provides day-to-day data on usage rates of various stock items, notifies, and orders when the levels go below the safety-mark.

    It analyzes the average daily consumption of raw-materials and adjusts the reorder levels according to the market demand. It determines an optimum stock level by regularly calculating turnover ratios and time period.

    Increased levels of transparency help the organization to rectify the stock levels at any time and evaluate present requirements. It is a stable system that gets updated continuously which makes it simpler and easier for the organizations to absorb market shocks and adapt to a dynamic external working environment.

    How Inventory Automation benefits SMEs?

    For SMEs, with limited free funds, an over-investment in inventory results in a huge opportunity cost as well as carrying and holding costs of the excessive stock. An under-investment, on the other hand, can distort the entire manufacturing process thereby not catching up with the market demand and ultimately losing its customers.

    The SMEs, in their growth phase, manually maintaining and monitoring an increasing data on sales, finished goods, WIPs, raw materials, parts, and components, etc. is not an easy task, it more than often results in inaccuracies and mismanagement.

    Integrating the inventory management automation system with the firm’s EPR eliminates the need for manual recording and stock-taking by developing a separate database for each of the stock and produce and updating the change in their levels as and when it happens.

    How does it work?

    It develops and maintains databases for different departments. The automation system keeps accessing the databases of different departments – sales, purchase, production- modifying the re-stocking levels according to the needs of the departments.

    Once the stock levels are reduced below the threshold, the automation system kicks in the procurement process. It generates requirement details, sends it to the concerned department for approval, places the order for purchase, collects the invoice from the vendor, and updates the payables account.

    The automation system, while ordering the stock, goes through and analyzes all the options available to the firm and identifies the lowest price at which the inventories can be re-ordered. It keeps on evaluating the various lag-periods to determine the time duration that is most cost-effective for re-ordering.

    Market research shows firms that have adopted the automation system have effectively reduced their inventory processing time. The time taken for completion of each operating cycle is down by 20% and the entire inventory processing time has been reduced by 70-72%. It also reports, these firms have nearly zeroed the losses incurred due to delays and discrepancies in reorders. The firms with automation have reported zero line stoppages.

    An automated inventory management system makes the firm more efficient and organized. Here is how it does it.
    Eliminating Mundane Manual tasks:

    The process of inventory involves many mundane manual tasks including stock-taking, making purchase orders, updating data on raw materials, finished goods, spare parts, etc., which are prone to human errors The automated system takes over these tasks, executes without any inaccuracies, and on time, and releases much of the human resource blocked in the process.

    Efficient coordination:

    The process requires a lot of external and internal communication and coordination. The system is integrated with the operating system of the firm, it coordinates the demand and requirement for various inventories at various production and sales levels. Automation, also, communicates with the vendor, supplier, and end customers, resolve their queries instantaneously, and collects feedback.

    Cost-effectiveness:

    Since automation is able to determine an exact stock level required to keep the business functional, it reduces over-stocking thereby cutting down on the warehousing and holding or carrying costs of the inventories. It also avoids under-stocking and hence, zero or negligible costs are incurred in terms of customer or goodwill loss.

    Selecting the right seller:

    An automation system thoroughly analyzes the various alternatives available to the firm and picks the seller that asks for the least price. It lists the vendors, gets quotations, matches the offering to the requirements of the firm, checks for hidden costs, if any, and selects the right seller to place the order.

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