Drug Inventory Management of a Pharmacy using ABC and VED Analysis

Authors : Zeynep CEYLAN, Serol BULKAN

Pages : 14-18

View : 25 | Download : 9

Publication Date : 2017-09-08

Article Type : Research Paper

Abstract :The pharmacy is one of the most extensively used facility in healthcare where a large amount of money is spent for purchasing medicinal items. In pharmacies, various drugs are being stored for supporting the therapy of patients. Due to the variety of pharmaceutical items, it is a difficult task to control and manage the quantity of drug. However, for a better and effective service management in a pharmacy, required drug must be provided continually at correct time and quantity to sustain steady in supply. This can be accomplished by efficient inventory management of pharmacy by providing control on important drugs, and deciding on priorities in purchase and distribution. Therefore, the inventory management ensures significant improvement for both patient care and optimal use of resources. In this study, annual drug sale data of a pharmacy was analyzed to identify the categories of drugs needing strict management control. Three important methods regarding inventory management practice were studied such as ABC insert ignore into journalissuearticles values(Always, Better, Control); analysis, VED insert ignore into journalissuearticles values(Vital, Essential, Desirable); analysis, and ABC-VED matrix analysis. The aim of this study was to properly manage the drug inventory in the pharmacy to balance drug levels to provide patients’ needs and customer satisfaction. 
Keywords : Drug Inventory Management, Pharmacy, ABC Analysis, VED Analysis