Question

This pharmacy has an opportunity to purchase a robotic drug filling station. This machine would be able to fill and label patient vials of oral medications for up to 200 of the most common drugs sold. The machine will cost $200,000 with a useable life of 10 years and result in eliminating 1.5 FTEs of technician labor. Assume hourly technician wage of $14/hr and 30% benefit cost. The machine requires a $5,000 annual service contract to maintain warranty. The CFO doesn't have a required rate of return, but general inflation is at 3%. 1. Should the pharmacy invest in this equipment? 2. If purchased, what result would be expected on pharmacy net income? What questions may you want to ask about the technology, HR implications, or general pharmacy operation? 3.

Answer 1

1. cost of machine is $200000 {10 years}
with annual service of maintainence charge : $5000 { $50000 for 10 years}
total cost of machine = $250000

other hand we have labours working with FTEs 1.5 (66 hours per week approx)
with wage $14/hr
therefore wages for a week becomes 66 X 14 = $924
wages for a year = 924 X 52 = $48,048
therefore for ten years = $480480
now we know inflation rate is 3%
and benefit cost is 30%

even after that cost of machine will be more cost effective in compaision to labour.

so, one must buy the machine.

2.Expected results on the net income from that machinery would be :
Increase in sales volume .
Maintain proper pricing.
Understand the difference in brands vs. generics prescriptions. Focus on non-prescription sales.
Manage all of your inventory, especially prescription drugs – ensure you don’t sit on inventory and have the products you need, when you need them.
Expantion of product lines – variety can increase in customer.
Reduce overhead.

3)

1. ABOUTS OF THE EQUIPMENT SUPPLIER

With pharmaceutical machinery being a substantial investment, Reputable equipment suppliers are known for quality—they have the skill and the experience to ensure that when you purchase your pharmaceutical equipment from them you’re investing in high-quality machines. ONE should not risk his money or his production process, trust a reputable equipment manufacturer for all of your equipment needs.

2. OUTPUT CAPACITY

Your output capacity is determined by the number of hours you run your machine per day. While you may be tempted to run your machine at its maximum capacity, it is more important to prioritize management. If something goes wrong in your process and your equipment is running too fast, your operators will not be able to keep up.

3. DIGITAL CAPABILITIES

Information technology has been one of the most influential factors in the pharmaceutical industry. Choosing machines with advanced digital capabilities increases efficiency and ease of use.

4. DISCONNECTION EASE

Cleaning is an essential component of your manufacturing process, but it shouldn’t take a copious amount of valuable time away from your production line. When you look for machinery that comes equipped with easy-disconnect features, you’re making the lives of your operators much easier.

5. HOW YOUR PRODUCT MIGHT IMPACT YOUR CHOICE

To make sure you’re buying the right equipment for your production process contact your equipment provider who can guide you through the best machine options for you.

6. EASE OF USE

Using your pharmaceutical equipment shouldn’t be rocket science. With the proper equipment training, your operators should be able to efficiently operate your machines. If the machines are too complicated to use, this could lead to serious errors in your production process.

Although you don’t want your equipment to be too simple, missing innovative components that could benefit your production process, you also don’t want it to be too difficult to use. Finding a balance between the two is the best way to ensure your machine is giving you high-quality pharmaceuticals service and your employees are capable of managing day-to-day operations.