Module 3 – SLP

Warehousing

Welcome to the SLP for the third module of the course. Take a look at Goodyear Tire and Rubber Company and the way it warehouses its resources and products. Do some research with references to write a 4-page paper on the following topic.

Does Goodyear warehouse/store its resources and products efficiently? If Goodyear offers services, then discuss how these services are retained and the challenges of not being able to “warehouse” services.

SLP Assignment Expectations

Research the organization with information you can find on the internet or other resources you find on your own. The paper should be 4 pages in length and have a cover sheet and a reference page. Clarity of presentation is important, as well as your ability to apply the topics to the logistics area of your selected firm. Use at least 3 different sources of information and annotate your sources of information appropriately on your references page and within the text as necessary. You will be assessed on how well you demonstrate your knowledge of the topic as it applies to your selected firm. Submit your assignment for grading by the end of this module.

As a Pharmacy Manager, you must be able to explain state law requirements to your staff. While pharmacists are generally familiar with the state laws, the Pharmacy Technicians may not be clear on certain topics. Consequently, you will need to add content to your policy/procedure explaining key laws that Pharmacy Technicians will need to know and apply on a daily basis. The transferable skills that you will demonstrate with this assignment are information literacy, ethics, and professional responsibility.

In preparation for this:

1. Research and summarize your state laws regarding the duties of a Pharmacy Technician.
2. Explain how the state laws align with the ethical conduct required by pharmacy employers. Why are they important for demonstrating professional ethical practices? Discuss the consequences to the employer and customer of demonstrating unethical practices.

Write your findings in an APA formatted paper that is a minimum of 2-pages in length. Be sure to include an APA formatted reference page containing a minimum of 3 credible sources, with 2 being academic (such as an academic journal). Use a minimum of 3 in-text citations with proper formatting.

• A note about credible sources: Credible sources are reliable, accurate, and trustworthy. These sources are written by authors respected in their fields of study. You want to identify sources where the author of the article is listed, if they’ve referenced other information, the sources should be cited so that you can check for the accuracy of and support what they have written.
• Wikipedia is not considered a credible source. For more information on credible sources, please visit the Rasmussen Online Library.

You are encouraged to investigate the following resources:

• Board of Pharmacy in your state
• Rasmussen online library:
  • Health Policy Reference Center via EBSCO
  • Health Sciences and Nursing via ProQuest – Pharmaceutical News Index

Part A: Cost of Debt

Kenny Enterprises has just issued a bond with a par value of $1,000, twenty years to maturity, and an 8% coupon rate with semiannual payments.

• What is the cost of debt for Kenny Enterprises if the bond sells at the following prices?
• What do you notice about the price and the cost of debt?

• $920
• $1,000
• $1,080
• $1,173

Part B: Comparing NPV and IRR

Chandler and Joey were having a discussion about which financial model to use for their new business. Chandler supports NPV and Joey supports IRR. The discussion starts to get heated when Ross steps in and states, “Gentlemen, it doesn’t matter which method we choose, they give the same answer on all projects.”

• Is Ross correct?
• Under what three (3) conditions will IRR and NPV be consistent when accepting or rejecting projects?

Part C: Production Cash Outflow

The Creative Products Corporation produces its products two months in advance of anticipated sales and ships to warehouse centers the month before sale. The inventory safety stock is 15% of the anticipated month’s sale. Beginning inventory in October 2009 was 120,000 units. Each unit costs $1.50 to make. The average selling price is $2.50 per unit. The cost is made up of 60% labor, 30% materials, and 10% shipping (to warehouse). Labor is paid the month of production, shipping the month after production, and raw materials the month prior to production. What is the production cash outflow for the month of October 2009 production, and in what months does it occur? Assume that the sales forecast for December 2009 is $2,500,000.

Throughout your program, you have been learning about the various places pharmacology information is utilized in pharmacy practice. Questions about drugs often come from doctors, nurses, and patients. However, depending on the nature of the inquiry, some of these questions may need to be referred to the pharmacist. So why does the Pharmacy Technician need to know so much about pharmacology?

Consider what you have learned so far about your role as a Pharmacy Technician in the pharmacy workplace, and think about how you will apply your pharmacology knowledge.

1. Research your state laws regarding technician counseling of patients. Are technicians allowed to do any type of counseling in your state? If so what are the regulations governing technician counseling?
2. Since many states do not permit Pharmacy Technicians to counsel patients, why do you feel there is such emphasis placed on pharmacology knowledge? Describe a scenario in which you would use your pharmacology knowledge in the pharmacy workplace.