Volume : VII, Issue : I, January - 2018

ABC AND VED ANALYSIS OF THE PHARMACY IN A MULTI SPECIALITY HOSPITAL

M. Nithya, Junior Sundresh

Abstract :

 

An inventory is effective only when it is comprehensive and accurate. In order to achieve this, the inventory is updated whenever there is any change or addition of information, and during annual audits and reviews. This project aims to analyze a hospital’s pharmacy inventory management with special attention on ABC and VED analysis as an optimization tool. An inventory can be identified as those goods, which are procured, stored and used for the daily requirement of the organization. They are sort of luication for the supply production– distribution system that protects it from excessive friction. Inventories isolate one part of the system from the next to permit each to work independently, absorb the stock of forecast errors and permit the effective utilization of resources when demand fluctuations are experienced. Thus inventory management is the process of deciding what and how much of various items are to be kept in stock at optimum overall costs to the health care system. In this project the inventory management is explained in which ABC, VEN and VED Analyses are explained.

Keywords :

Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

M.NITHYA, JUNIOR SUNDRESH, ABC AND VED ANALYSIS OF THE PHARMACY IN A MULTI SPECIALITY HOSPITAL, INTERNATIONAL JOURNAL OF SCIENTIFIC RESEARCH : Volume-7 | Issue-1 | January-2018

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