Inventory Classification of Medicines at Multi Speciality Hospital, Gurgaon
Agency : Inventory Classification, Inventory Control of Medicines, ABC Analysis, VED Analysis
Objective : The main objective of
the study was to categorize all the drugs available in pharmacy on value and
volume basis as well criticality. This was done efficiently
by doing inventory
analysis of the pharmacy.
Background : The study were carried at a multi
speciality hospital situated in Gurgaon. The Hospital
pharmacy was five months old. The
purchase department purchases the medicines as per the requirement. So, there
is need to streamline the procurement by proper inventory control and to reduce the shortage
and delay in supply. For purchase
of drugs it is very essential to know the consumption of drugs on the basis of
value and volume as well as criticality. This will help in bulk discounts as well help in getting
supplies on time.
Methodology : The organization wants the categorization of drugs on value
and criticality bases, ABC-VED matrix was found appropriate
method for the inventory control.
Findings : The five month consumption of all the drugs was calculated
after multiplying unit cost by consumption
and resulting figures were arranged in descending order. The drugs then classified in to
A B C categories according to total cost consumed 70 %, 20 %, and 10 %. For
VED analysis, the entire drugs list was distributed to a panel of five medical personnel
comprising physician, surgeon, anaesthetist, paediatrician and Head of Nursing Department.
Recommendations : They were asked to classify
the drugs into vital,
essential and desirable. The drugs were categorised if more than 50 % members
of panel concurred.The data was coupled
into an ABC and VED
matrix resulting in drug categorisation of Category I, II, and III.
the study was to categorize all the drugs available in pharmacy on value and volume basis as well criticality.