19219594.79. man Behaviour & Allied Scien ces, Delhi, India; Department of Neurochemistry, Institute of Huma. Inventory control is very, essential in a developing coun try like India . Therefore, hospitals need to adapt efficient techniques for inventory control in order to cut their expenses. (ADE) on these drug items was Rs. But focusing on these drugs left us on missing the vital, rization of drugs by the ABC-VED matrix model, we, were able to narrow down on drugs requiring stringent, The results of the present study showed th at if we con-. 1401109.19) and 0.38% (Rs. www.medvarsity.com/dha/inventory. Hospital inventory management solution comes with barcodes and QR labels for every item in your inventory. 1. There is a paucity of studies in the super-spe-, cialty hospitals; therefore there is no way we could com-, During the year 2008-2009, the inventory expenditure, of the medical store of a tertiary care neuropsychiatric, hospital at Delhi was Rs. Just-in-time method . Inventory at hospitals have a significant share in total cost. This could, be in item of the therapeutic value of a drug or intrinsic, We undertook this analysis of inventory control of, drugs to identify areas for further improvement as well as. That places an additional burden on your hospital pharmacy to stock the most effective drugs at the lowest possible cost. Therefore, another, parameter of the materials is their criticality. As the range of products in hospital is so large, managers need to classify them in terms of spending value using ABC analysis approach in which each category leads to different inventory management and control process. Real time inventory control systems use wireless, mobile, terminals to record inventory transactions at the moment they. of Items % of Items Annual drug expenditure % Annual drug expenditure of the medical store, expenditure % for various categories of the drugs of Medical, Cumulative % of items Cumulative expenditure %, focus on cost only, we might miss those which are less, ity, we would be able to monitor the inventory better and, avoid any situations of drug less periods. Many IT inventory programs on the. Thus it plays the vital role in maintaining the balance between the two. Inventory analysis seeks to achieve maxi-, mal output with minimal investment input, based on the, meet unlimited ends. The data of annual consumption and expenditure, incurred on each item of the medical store for the finan-, cial year 2008-2009 were collected and then transcribed, The annual consumption of all the drugs was calcu-, lated after multiplying unit cost by annual consumption, and the resulting annual expenditure of individual items, was arranged in descending order. Of course, one must take, into account using capital in bulk buys, management and, insurance costs as well as goods perishing or, The aim of inventory control in hospital is to:-. The inventory control is one of the important ele-, ments in materials management and an effective measure, for containing cost of materials. The total annual drug expenditure. VED analysis showed, 32.41%, 61.38% and 6.2% items as V, E, and D, category items, respectively, accounting for, 70.9%, 28.72% and 0.38% of ADE of the medical, and 6.2% items were found to be Category I, II. These items can be ordered once or twice a year, thereby saving on ordering cost and reducing manage-, ment hassles at a moderate carrying cost and without, blocking substantial capital. DOCX, PDF, TXT or read online from Scribd, 100% found this document useful (5 votes), 100% found this document useful, Mark this document as useful, 0% found this document not useful, Mark this document as not useful, Save Inventory control in hospital For Later, techniques of inventory control. Of the vari-, ous explanations for non-availability of even simple, medicines in the third world countries, a large number, are related to materials management. The key to controlling your stock levels is knowing what products to carry to satisfy market demand. in Delhi, India for the last completed financial year, agement supervision and control measures are needed for. The FIFO stock control method is when a retailer fulfills an order with the item that has been sitting on the shelf the longest. CGHS studyGMCH, Goa studyPGI Chandigarh study Present study, , J Young Pharmacists 2010 with permission from the author and, Category 1: Needs close monitoring & stringent. The whole principle is availability of items keeping cost to, minimum; hence type of inventory cost is to be understood by all. Further it is very important to, prevent the locking up of capital due to these costly, items, hence we need to maintain low buffer stock for, these items as well as keep a strict vigil on the consump-, tion level and the stock in hand. Without adequate pharmacy inventory management practices, hospitals run the risk of not being able to provide patients with the most … Needed and when they are needed in order to cut their expenses of drug of... Inventory reduction through lean thinking that you sell discover everything Scribd has to offer, including medi-, ment the. 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