ABC and VED Analysis in Medical Stores Inventory Control |
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Authors: | R Gupta KK Gupta BR Jain RK Garg |
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Affiliation: | *Associate Professor, Department of Paediatrics, AFMC, Pune;+Ex-Commanding Officer, Military Hospital, Mathura Cantt;#Ex-DDMS, HQ 14 Corps, C/o 56 APO;**Addl DGMS (Army), O/o DGMS Army, AG''s Branch, L Block, IHQ of MOD, New Delhi |
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Abstract: | BackgroundThe basic principle of inventory control is ABC based on cost criteria and VED on criticality.MethodsBased 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.ResultOut 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.ConclusionOn 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.Key Words: Inventory control, Medical stores |
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