Inventory control techniques in medical stores of a tertiary care neuropsychiatry hospital in Delhi

Abstract

<span style="font-size:10.0pt;font-family:"">Approximately 35.0% of annual hospitals budget is spent on buying materials and supplies, including medicines. We can bring about substantial improvement in the hospital inventory and <span>expenditures by the inventory control tech</span>niques. Objective: To identify the categories of drugs which need stringent management control. Material and Method: The ABC and VED analysis of the medical store of a Neuropsychiatry hospital at Delhi, India was conducted for the year 2008-2009 to identify the categories of items needing stringent management control. Results: The total number of the drugs at the medical store was 145 drugs. The total annual drug expenditure (ADE) on these drug items was Rs. 19219594.79. ABC analysis revealed 3.45%, 6.9% and 89.65% items as A, B and C category items, respectively, accounting for 70.5%, 19.68% and 9.83% of ADE <span>of the medical store. VED analysis showed</span> 32.41%, 61.38% and 6.2% items as V, E, and D category items, respectively, accounting <span>for 70.9%, 28.72% and 0.38% of ADE of the</span> medical store. On ABC-VED matrix analysis, 33.8%, 60% and 6.2% items were found to be category I, II <span>and III items, respectively, accounting for</span> 92.33%, 7.29% and 0.38% of ADE of the medical store. Conclusion: It is suggested by the study that the <span>management of Category I drugs should be</span> done by the top management resulting in strin<span>gent control on the annual expenses. The</span> Category II should be managed by the middle <span>management level and Category III at lower</span> managerial level.</span

Application of 3D Music Inventory Control Technique for the Controlled Drugs in Intensive Care Unit of a Tertiary Care Hospital

“…The total value of drugs in each category I, II and III were 82.40% (` 53,72,070.00/-), 14.90% (` 9,73,800.00/-) and 2.70% (` 1,77,730.00/-) of total annual drug expenditure (ADE) of the medical stores respectively. The result of the present study in comparison with similar studies 14 (Table 4). If ABC analysis was alone considered for inventory control, it would have taken care of just 6.77% of the drugs pertaining to category A.…”

Hastane İşletmeleri̇nde Etki̇n Stok Yöneti̇mi̇: İlaç Stoklarina Yöneli̇k Bi̇r Uygulama - Effecti̇ve Inventory Management in Hospital Enterpri̇ses: An Application for Drug Stocks

“…ABC ve VED analizlerinin kombine edilerek ABC-VED Matrisi (Khurana et al, 2013:10;Gupta et al, 2007: 326-327) ) Yiğit et al 2010) (Khurana et al, 2013) (Devnani et al2010) (Roy et al, 2010) (Wandalkar et al .2013) (Basukala et al, 2015) (Mani, et al, 2014) ) (Pund et al 2016) (Singh et al, 2015) (Pirankar et al, 2014) …”

ABC And VED Analyses of Free Drug Store in Drug and Pharmacy of Skims – A Tertiary Care Institute in Jammu and Kashmir, India

“…In the whole process, tracing the costliest medicinal products that consume the major portion of the budget and further designing a strategy to further study and identify their usage pattern is essential to help appropriate corrective measures. The important tool that is used worldwide is the ABC analysis,which identifies items that are in need of control [7][8][9][10][11] .Specific Scientific methods are to be used by health managers to maximize investment returns to a minimal cost.Cost containment and improved efficiencyare the two major factors which the drug inventory management stresses upon 12 .Therefore efficient inventory system policies should be adopted by the hospital materials manager to ensure that the hospital can meet with emergency demand conditions 13 .Following the principles of rational drug use and inventory management techniques is the need of the hour in order to cater more number of patients withinexisting budget 14 .…”