Drug Inventory Management Techniques in a District Health Office, A Case Study

Manjunatha, S N; Chandrakumar, S G

doi:10.5958/0976-5506.2018.00416.3

Cited by 1 publication

(1 citation statement)

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“…The EOQ cost management model is used for the inventory control of spare parts [23]. Inventory control of raw materials can lower costs by using the EOQ method [24] The drug inventory is within the management of the EOQ [4], [25], [26].…”

Section: Introductionmentioning

confidence: 99%

Purchasing planning for pharmaceuticals inventory: a case study of drug warehouse in hospital

Yawara,

Supattananon,

Siwapornrak

et al. 2023

IJEECS

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Lack of purchasing planning and proper demand forecasting causes hospitals to suffer from drug inventory mismatches with actual demand; in other words, the inventory management cost is high if the quantity exceeds or less the demand. Therefore, this research aimed to plan an appropriate inventory purchase to reduce inventory costs and effectively meet the hospital's pharmaceutical inventory needs in a case study: i) demand forecasting for 29 AV drugs using Minitab 19, ii) economic order quantity (EOQ) and Newsboy form when drug demand is stable and non-steady, respectively, and iii) design a ready-made program using Excel program to help control, make purchase decisions and be easy to use. There were 5 forecasting methods used. Each drug forecasting method was selected from the one with the slightest error. Twenty-four drugs and five drugs were determined using EOQ and Newsboy forms for re-order point (ROP), safety stock (SS), and total costs. The total cost of drug inventory management per year was 1,780,336.98 baht; compared with the current method, it reduced the cost by 506,569.10 baht per year or a 22.15% reduction.

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