Professional Documents
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MACHINE
By
April - 2011
Prescription drug vending machine is a novel way to make getting medications easy.
The vending machines can be designed to be placed in doctors’ offices, clinics,
emergency rooms and other healthcare facilities. Each can hold 100 of some of the
most often used medications that can range from pills to drops to creams and so forth.
The machines require that physicians create prescriptions electronically, which are
then transmitted to the vending location. (Alternately, patients can take printed
prescriptions to their regular pharmacists.) The machines include several safeguards
to insure patients receive the proper medications their doctors ordered. Thus the
ordering process becomes relatively simple. They enter their prescription number and
birthday via a user-friendly touch-screen monitor, then insert either cash or credit
cards to cover co-pays, while their insurance companies are billed automatically. The
most important benefit these machines give is the easy availability of medicines in
times of emergency.
Besides saving time for patients, these machines also save pharmacists the slow and
potentially error-prone process of counting out medications by hand. The vending
machines, can be accessible 24/7, likewise could help alleviate a growing shortage of
pharmacists.
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ACKNOWLEDGEMENT
We express our deep sense of gratitude to, Mr. Bhanu Prasad Behera, for his
valuable guidance and constant unfailing encouragement for completing this project.
We are also grateful to our friends for tirelessly and patiently pursuing us to finish this
report without whose help completion of the project report was the next thing to
impossible.
Finally, we would like to thank Prof. Sangram Mudali, our respected director, for
providing us proper environment for the completion of the report.
Priyanka Mohanty
Sushant Kumar
Kumar Saurabh
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TABLE OF CONTENTS
ABSTRACT....................................................................................................................i
ACKNOWLEDGEMENT.............................................................................................ii
TABLE OF CONTENTS..............................................................................................iii
1. GENERAL INFORMATION....................................................................................5
1.1 Name of the Entrepreneurs:..................................................................................5
1.2 Proposed Project:.................................................................................................5
1.3 Major Product / Services:.....................................................................................5
1.4 Proposed Locations:.............................................................................................5
1.5 Type of Organization:..........................................................................................5
2. ENTREPRENUER PROFILE...................................................................................6
3. TYPE OF THE PRODUCT / SERVICES.................................................................7
3.1 Type of the Project ..............................................................................................7
3.2 Product / Services Description ............................................................................7
3.3 Major Consumers ...............................................................................................7
4. MARKET POTENTIAL............................................................................................8
4.1. Present Demand and Supply of the Product Competition ..................................8
4.2 Target Clients:......................................................................................................8
4.3 Marketing Strategy:..............................................................................................8
5. MANUFACTURING PROCESS..............................................................................9
5.1 Technical Know How Availability: ....................................................................9
5.2 Steps by Step Description:...................................................................................9
5.3 Process flow chart .....................................................................10
Arrangement of all necessary equipments in the proposed location........................10
6. PRODUCTION SCHEDULE..................................................................................11
6.1 Number of Working Days per Annum:..............................................................11
6.2 Number of Working Shifts:................................................................................11
6.3 Installed Capacity (%):.......................................................................................11
6.4 Utilized capacity (%):.........................................................................................11
7. DETAILS OF THE PROPOSED PROJECT ..........................................................12
(A) Land And Building............................................................................................12
(B) Machineries / Equipments................................................................................12
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(C) Misc. Fixed Assets...........................................................................................12
(D) Preliminary And Pre-Operative Expenses.........................................................13
(E) Sales Revenue....................................................................................................13
(F) Raw Material (Monthly Requirement)...............................................................13
(G) Utilities – Monthly.............................................................................................13
(H) Man Power (Salaries/Wages)- Monthly............................................................14
(I) Repairs And Maintenance- Monthly..................................................................14
(J) Selling And Distribution Expenses - Monthly....................................................14
(K) Administrative Expenses - Monthly..................................................................14
(L) Interest - Annual.................................................................................................15
(M) Depreciation......................................................................................................15
8. WORKING CAPITAL.............................................................................................16
9. TOTAL COST OF PROJECT.................................................................................17
10. MEANS OF FINANCE.........................................................................................18
11. PROFITABILTY PROJECTIONS ......................................................................19
12. BREAKEVEN POINT..........................................................................................20
13. CONCLUSION......................................................................................................20
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PRESCRIPTION DRUG VENDING MACHINE
1. GENERAL INFORMATION
Priyanka Mohanty
Sushant Kumar
Kumar Saurabh
Khurda/Berhampur/Mancheswar
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PRESCRIPTION DRUG VENDING MACHINE
2. ENTREPRENUER PROFILE
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PRESCRIPTION DRUG VENDING MACHINE
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PRESCRIPTION DRUG VENDING MACHINE
4. MARKET POTENTIAL
There's a new antidote for long lines at the drugstore pharmacy: machines that serve
up your prescription refills like a can of Coke or a Snickers bar.
The idea behind the machines, which look much like a typical bank ATM, is to
expedite a process that is often bogged down by long lines and frustrating waits.
Once customers have filled an initial prescription with the pharmacist, they can
register to retrieve and pay for their refills at a vending machine inside the store —
even when the pharmacy counter isn't open. A pharmacist then fills the script and
places packaged medicines in the machine. To pick up the order, consumers log on
with a user name and password and swipe a credit or debit card. Their pre-wrapped
package drops into the bin.
Present demand is there mainly at doctors’ offices, clinics, emergency rooms and
other healthcare centers.. There are no competitors in India as there are no
manufacturers.
We are looking forward for major cities of Orissa, West Bengal, Bihar and Andhra
Pradesh.
The Marketing Strategy will be advertising the product in the media and by
company’s representatives by visiting various target clients and by making them
aware of the features, application and the type of technology used in product.
Advertisements: –
• Mainly by our representatives
• Free service after sale for 1 year
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PRESCRIPTION DRUG VENDING MACHINE
5. MANUFACTURING PROCESS
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PRESCRIPTION DRUG VENDING MACHINE
START
STOP
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PRESCRIPTION DRUG VENDING MACHINE
6. PRODUCTION SCHEDULE
The Firm will remain open for all weekdays except Sundays and National
holidays. Number of working days per annum=300 days.
1 shift
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PRESCRIPTION DRUG VENDING MACHINE
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PRESCRIPTION DRUG VENDING MACHINE
Total 3,75,000
2. Water 25,000
Total 1,25,000
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PRESCRIPTION DRUG VENDING MACHINE
To 1,20,00,000
tal
Total 58,334
Total 37,500
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PRESCRIPTION DRUG VENDING MACHINE
(M) Depreciation
Total 34,40,000
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PRESCRIPTION DRUG VENDING MACHINE
8. WORKING CAPITAL
1. Raw-Material 3,75,000
2. Salary/Labour 10,00,000
3. Administrative expenses 37,500
4. Repairs and Maintenance exp. 41,667
5. Selling and distribution expenses 58,334
15,1
Total 2,501
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PRESCRIPTION DRUG VENDING MACHINE
45,37,503
2. Working capital margin ( One Cycle )
15,15,688
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PRESCRIPTION DRUG VENDING MACHINE
Total: 2,34,03,191
Explanatory Note:
• Term loan = Fixed capital x 0.75
• Equity = Total cost of the project- (Term loan + Subsidy + Seed capital)
• Seed capital= Total cost of the project × 0.1
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PRESCRIPTION DRUG VENDING MACHINE
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PRESCRIPTION DRUG VENDING MACHINE
= (1,73,50,000*100)/(1,73,50,000 +99,97,248)
= 63.44%
13. CONCLUSION
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PRESCRIPTION DRUG VENDING MACHINE
Our firm plans to expand its business in near future since there is a very good demand
in entire country and also in overseas. This is new concept of dispensing medicine to
consumers through ATM like machine. The export policy of the Govt. is very much
friendly to low and medium scale manufacturers. So, we have decided to export our
products by collaborating with our off shore partners. Our company is expected to
return the initial investment in 3 years. We are also trying to increase our range of
packaging by providing different medicines in different packages.
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