Literature DB >> 27408040

ABC and VED Analysis in Medical Stores Inventory Control.

R Gupta1, K K Gupta2, B R Jain3, R K Garg4.   

Abstract

BACKGROUND: The basic principle of inventory control is ABC based on cost criteria and VED on criticality.
METHODS: Based on ABC-VED matrix, economic analysis of drug expenditure of priced vocabulary of medical stores (PVMS) section 01 for the year 2003 of a 190 bedded service hospital was under taken. RESULT: Out of 493 drugs in PVMS section 01, only 325 drugs were being used in the reference hospital. The total cost of drugs used was Rupees 55,23,503. Of these 325 drugs, 47(14.4%) drugs were Category A, consuming 70% of total expenditure, 73 (22.46 %) drugs Category B consuming 20% and rest 205 drugs (63.7 %) Category C drugs cost only 10% of expenditure. VED categorization done by consensus opinion of medical officers, found 24 (7.3%) drugs vital, 160 (49.3%) essential and rest 141 (43.3 %) desirable.
CONCLUSION: On coupling the two techniques ABC-VED matrix was made and drugs were classified in to Category I (AV+BV+CV+AE+AD) comprising 68 drugs, Category II (BE + CE +BD) 159 and Category III (CD) 98 drugs. The management of Category I drugs was monitored by top management resulting in better control on the annual expenses and at the same time making available the vital Category II by middle and Category III at lower mangerial level.

Entities:  

Keywords:  Inventory control; Medical stores

Year:  2011        PMID: 27408040      PMCID: PMC4922040          DOI: 10.1016/S0377-1237(07)80006-2

Source DB:  PubMed          Journal:  Med J Armed Forces India        ISSN: 0377-1237


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2.  A management technique for effective management of medical store in hospitals. Medical store management technique.

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