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Technology Improves Cost Saving in Pharmacy Inventory.

Technology Improves Cost Saving in Pharmacy Inventory.

PROBLEM: 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?
Problem Identification and Analysis
Criteria
Ratings. Pts
This criterion is linked to a Learning Outcome Problem Identification Process 
0 pts
Novice
Response did not meet two or more of the standards outlined under the “Proficient” column.
2.5 pts
Competent
Described the process of problem identification. Answered question, how was this problem chosen as the topic for the project? Response was succinct (to the point) but comprehensive, and approximately 5-8 well-written sentences (grammatically correct, spelling     error-free).
2.5 pts
This criterion is linked to a Learning Outcome Problem Definition
0 pts
Novice
Response did not meet two or more of the standards outlined under the “Proficient” column.
2.5 pts
Competent
Defined the problem in terms of its impact or potential impact on the organization and the population it serves. Response was succinct (to the point) but comprehensive, and approximately 5-8 well-written sentences (grammatically correct, spelling error-free).
2.5 pts
This criterion is linked to a Learning OutcomeSWOT 
0 pts
Novice
SWOT analysis incomplete or not completed per the SWOT     template.
2.5 pts
Competent
Completed the SWOT analysis according to the template.
2.5 pts
This criterion is linked to a Learning OutcomeLegal/ethical Risks
0 pts
Novice
Response did not meet two or more of the standards outlined under the “Proficient” column.

2.5 pts
Competent
Addressed legal/ethical risks this problem potentially presents.     Response was succinct (to the point) but comprehensive, and approximately     5-8 well-written sentences (grammatically correct, spelling error-free).

2.5 pts
 
Total Points: 10
B. The purpose of this assignment is to describe what is known about the problem and to complete a scholarly review of the literature related to the problem.
Components:
Introduction: Provide a history of the problem from the perspective of the organization such as (a) history of the problem from the perspective of the organization      and (b) how the problem affect patient care or organizational operations.  Discuss key elements of the problem and current approaches to resolving it. 
Approximately 2-3 well-written paragraphs (of 5-8 sentences per paragraph). Well-written means that sentences were grammatically correct and contained minimal to few spelling errors.
Search Strategy: Formulate a search strategy based on the topic and describe them (which databases, search terms, limits, and other qualifiers did you use). If you are not finding studies that meet your search criteria, expand the search to include papers outside of healthcare.Sometimes other industries have led management innovations that are applicable to health care, such as Lean Management. The Librarian can help you formulate your search; don’t overlook this valuable resource. You must use a minimum of 10 scholarly articles and cite them correctly.
Approximately 2-3 well-written paragraphs (of 5-8 sentences per paragraph). Well-written means that sentences were grammatically correct and contained minimal to few spelling errors.
Synthesis: This means compare & contrast, critically evaluate, interpret, so a conclusion can be made. The synthesis of literature should include the typical causes of the problem as well as what quality standards are being affected by the problem.  Do NOT merely summarize each article. Organize your literature either chronologically or thematically AND use headings to organize your work.
Approximately 6-9 well-written paragraphs (of 5-8 sentences per paragraph). Well-written means that sentences were grammatically correct and contained minimal to few spelling errors.
Conclusion: Describe what was learned from the review about the topic as well as what is missing from the literature. Important aspects of this section should be on what is known about this problem specifically regarding how it affects health care administration. The conclusion MUST be supported by the literature synthesis.  
Approximately 2-3 well-written paragraphs (of 5-8 sentences per paragraph). Well-written means that sentences were grammatically correct       and contained minimal to few spelling errors.
Review of the Literature
   
Review of the Literature
 
Criteria

Ratings

Pts
 
This criterion is linked to a Learning OutcomeIntro
   
0 pts
Novice
Response did not meet two or more of the standards outlined under the “Proficient” column.

2 pts
Competent
Response could be better developed, explained, or written for enhanced clarity.

3 pts
Proficient
The introduction provides a history of the problem from the perspective of the organization. Response was succinct (to the point) but comprehensive, and approximately 2-3 well-written paragraphs (of 5-8 sentences per paragraph). Well-written means that sentences were grammatically correct and contained minimal to few spelling errors.

3 pts
 
This criterion is linked to a Learning OutcomeContent-Search Strategy
   
0 pts
Novice
Response did not meet two or more of the standards outlined under the “Proficient” column.

1 pts
Competent
Response could be better developed, explained, or written for enhanced clarity.

2 pts
Proficient
Described the search strategy used for the review including databases and search terms used. What limits were used during the strategy. How many articles were found? Response was succinct (to the     point) but comprehensive, and approximately 2-3 well-written paragraphs (of     5-8 sentences per paragraph). Well-written means that sentences were grammatically correct and contained minimal to few spelling errors.

2 pts
 
This criterion is linked to a Learning OutcomeContent-Synthesis
   
0 pts
Novice
Response did not meet two or more of the standards outlined under the “Proficient” column.

7 pts
Competent
Response could be better developed, explained, or written for enhanced clarity.

10 pts
Proficient
Contained a critical review of the peer-reviewed sources and was organized (including headings) either chronologically or     thematically. Synthesize literature: compare & contrast, critically     evaluate, interpret, so a conclusion can be made. Student’s synthesis was     WELL DEVELOPED and approximately 6-9 well-written paragraphs (of 5-8     sentences per paragraph). Well-written means that sentences were     grammatically correct and contained minimal to few spelling errors.

10 pts
 
This criterion is linked to a Learning   OutcomeContent-Conclusion
   
0 pts
Novice
Response did not meet two or more of the standards     outlined under the “Proficient” column.

7 pts
Competent
Response could be better developed, explained, or     written for enhanced clarity.

10 pts
Proficient
Included what was learned from the review about the     topic as well as what is missing from the literature. Important aspects of     this section should be on what is known about this problem specifically     regarding how it affects health care administration . The conclusion was     supported by the literature synthesis and approximately 2-3 well-written     paragraphs (of 5-8 sentences per paragraph). Well-written means that     sentences were grammatically correct and contained minimal to few spelling     errors.

10 pts
 
This criterion is linked to a Learning OutcomeScholarly   Articles
   
0 pts
Novice
Citations were not done correctly and 10 SCHOLARLY sources were not utilized.

4 pts
Competent
Citations were not done correctly.

5 pts
Proficient
Student used at minimum 10 scholarly sources and cited them appropriately.

5 pts
 
Total Points: 30
C. The purpose of this assignment is to develop and then critically analyze possible solutions to the problem identified by you and your preceptor.
Components:
Alternatives:      When deciding on a solution to a problem, it is important to look at alternatives and how each possible solution may affect the organization.   Taking what you know from your review of the literature as well as the information you have gathered so far from your site, identify at least 2  possible solutions and address each of the questions listed below in approximately one well-written paragraph (of 5-8 sentences per paragraph) PER SOLUTION.  Well-written  means that sentences were grammatically correct and contained minimal to few spelling errors.  At minimum you’ll have two paragraphs for two alternative solutions.
How each solution would affect the performance of the site as well as any other identified communities of interest
Potential       risks and benefits of each solution (you may want to refer back to the  SWOT completed earlier to support this analysis)
How well each solution supports the organization’s mission
Significant internal and/or external resources required for each proposed solution
Decision Process: Identify the chosen solution. Describe the key considerations used in making the choice. Be sure to indicate where conflict existed (if any) among various solutions and which stakeholders promoted a given solution.
Approximately       2-3 well-written paragraphs (of 5-8 sentences per       paragraph). Well-written means that sentences were grammatically correct and contained minimal to few spelling errors.
Budget:
Refer to additional information provided: Project Budgeting for the Applied Practice.docx
Use Excel
Format your budget professionally and address relevant financial items.
 
Budget Justification: Explain key elements of your budget (i.e. point out items and financial values specifically).  Also,      justify the budget elements (i.e. why were certain numbers used)?

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