Answer to Question #150248 in Management for Vishal

Question

Netmeds.com, one of the largest e-pharmacies claims more than 3.7 million customers
in over 610 cities and towns. The market size of e-pharmacies was approximately $512
million (Rs 3,500 crore) in 2018. It is predicted that there will be a compounded annual
growth rate (CAGR) of 63 per cent which will reach $3.6 billion (Rs 25,000 crore) by
2022. Explain how information systems help in managing the supplies of medicines by
online pharmacies and delivering them to customers. (In more then 800 words)

Answer 1

Many industries have embraced computer technology because of the benefits of automated information processing. These include enabling routine, repetitive and monotonous tasks to be conducted with consistent accuracy; standardisation and consistent use of terminology and nomenclature; and mass customisation.

For pharmacists, IT can enable the storage of structured patient records, facilitate the electronic prescribing, dispensing and administration of medicines, automate the handling of medicines in the supply chain and provide tools for monitoring the efficacy and safety of medicines in use. IT can therefore improve patient safety, enable professionals to provide high quality care and help patients make the most of their medicines.