Question: For each cycle, identify potential risks and recommend controls to mitigate these risks to an acceptable level. This project aims to bridge theoretical knowledge with
For each cycle, identify potential risks and recommend controls to mitigate these risks to an acceptable level. This project aims to bridge theoretical knowledge with practical application in a real-world pharmacy setting. Students are encouraged to think innovatively, considering the unique challenges and opportunities a pharmacy might face in the South African business landscape. Extensive research, including both primary and secondary sources, will be essential to craft a comprehensive and practical strategy. Identify 10 risks that threaten the revenue and receipts cycle of your chosen pharmacy. Question 1, for each risk you identify, recommend one control that could be implemented that would lower this risk to an acceptable level. Second question, identify 10 risks that threaten the acquisitions and payments cycle of your chosen pharmacy. For each risk you identify, recommend one control that could be implemented that would lower this risk to an acceptable level. Third question, identify 10 risks that threaten the inventory and production cycle of your chosen pharmacy. For each risk you identify, recommend one control that could be implemented that would lower this risk to an acceptable level. Last question, identify 10 risks that threaten the human resources cycle of your chosen pharmacy. For each risk you identify, recommend one control that could be implemented that would lower this risk to an acceptable level.
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