“STUDY OF DRUG UTILIZATION IN HOSPITAL PHARMACY & AT ITS INVENTORY CONTROL”

Abstract

A study was conducted at Mahatma Gandhi Hospital Pharmacy Jaipur to study the inventory control of drug utilized for patient care, with a special focus on the drug expenditure. ABC, VED and ABC-VED matrix analysis techniques would be utilized to study the drug expenditure at the hospital. In materials management, the ABC analysis (or Selective Inventory Control) is an inventory categorization technique. ABC analysis divides an inventory into three categories- "A items" with very tight control and accurate records, "B items" with less tightly controlled and good records, and "C items" with the simplest controls possible and minimal records. There are no fixed thresholds for each class, different proportion can be applied based on objective and criteria. ABC Analysis is similar to the Pareto principle in that the 'A' items will typically account for a large proportion of the overall value but a small percentage of the number items.

Keywords: Hospital pharmacy, VED analysis, ABC Analysis, Economic Order Quantity