Inventory Management: A Tool of Optimizing Resources in a Manufacturing Industry A Case Study of Coca-Cola Bottling Company, Ilorin Plant

Adeyemi, SL; Salami, Akeem Olanrewaju

doi:10.1080/09718923.2010.11892822

Cited by 26 publications

(34 citation statements)

References 1 publication

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“…The principal goal of inventory management involves having to balance the conflicting economics of not wanting to hold too much stock 5 . The inventory management can bring out significant improvement not only in patient care but also in the optimal use of resources.…”

Section: Introductionmentioning

confidence: 99%

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Oromia Bölgesel Devleti Doğu Shewa, Etiyopya’daki sağlık tesislerinde en önemli temel ilaçların envanter yönetimi performansı

Gurmu¹,

Ibrahim²

2017

Cukurova Medical Journal (Çukurova Üniversitesi Tıp Fakültesi Dergisi)

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AbstractÖz Purpose: Appropriate management of medicines at the different stages of supply chain is important. Failure to do so will result in stock-out, wastage of medicines and financial loss which in turn affects the health care services. The aim of this study was to assess the inventory management performance of key essential medicines. Material and Methods: Health facility based descriptive cross-sectional study using both quantitative and qualitative method was employed on 20 public health facilities. Data was gathered using checklists, structured and sem-structured questionnaires from March 29 to April 29, 2016. Result: The inventory management performance of key essential medicines in-terms of measuring indicators revealed that out of 400 bin-cards selected 162(40.50%) of them were not updated. Only 28.50% of bin-cards were accurately filled. The mean stock out rate of key essential medicines was around 27.25% with average stock out duration of 35.31 days. On average around 10.43% of medicines were wasted resulting in loss of 174,366.98 Ethiopian birr (ETB) of which the value of medroxy progestrone accounted around 65.74% of the loss. Concerning storage condition only 5(25%) of the health facility have full filled good storage condition criteria. Budget constraints, human resource inadequacy, & over supply of near expiry date medicines were identified as major in inventory management challenges. Conclusion:The inventory management practice of the study facilities was found to be weak which was confirmed by poor bin-card updating practice, storage condition below the standard and poor stock record accuracy. There were also high stock out rates, and medicines wastage with loss of money. Amaç:Tedarik zincirinin farklı evrelerinde ilaçların uygun yönetimi önemlidir. Bunun yapılmaması, stok kaybına, ilaçların israfına maddi kayıplara ve sonuçta sağlık hizmetlerinin olumsuz etkilenmesine neden olacaktır. Bu çalışmanın amacı ilaçların envanter yönetimi performansını değerlendirmektir. Gereç ve Yöntem: 20 sağlık ocağı üzerinde nicel ve nitel yöntem kullanılarak yapılan sağlık taramasına dayalı açıklayıcı kesitsel tipte çalışma yapılmıştır. Veriler, kontrol listeleri, yapılandırılmış ve yarı yapılandırılmış anketler kullanılarak 29 Mart -29 Nisan 2016 tarihleri arasında toplanmıştır. Bulgular: Göstergeleri ölçmek açısından önemli olan temel ilaçların envanter yönetimi performansı için seçilen 400 kutu kartından 162'sinin (% 40.50) güncel olmadığı gösterilmiştir. Depo kartlarının sadece% 28.50'i doğru bir şekilde doldurulmuştu. Temel ilaçların ortalama stok çıkarma oranı yaklaşık %27.25 ve ortalama stok süresi 35.31 gündü. Ortalama olarak ilaçların yaklaşık %10,43'ü harcanarak 174,366,98 Etiyopya bir (ETB) değerinde para kaybedildi ve medroks progesteronun değeri, kaybın %65,74'ünü oluşturuyordu. Depolama koşuluyla ilgili olarak, sağlık tesisinin sadece 5'i (% 25) tam doldurulmuş ve iyi saklama koşulları kriterlerine sahipti. Bütçe kısıtlamaları, insan kaynakları yetersizliği ve yakın bitiş tarihli ilaçların arz fa...

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Section: Introductionmentioning

confidence: 99%

“…A good inventory system means that organization have an up to date inventory count at all times, giving good customer service, giving accurate information to customer and improve image of the organizations 5 . It is a vital that inventory management system allows managers to receive real time information on inventory.…”

Section: Introductionmentioning

confidence: 99%

Oromia Bölgesel Devleti Doğu Shewa, Etiyopya’daki sağlık tesislerinde en önemli temel ilaçların envanter yönetimi performansı

Gurmu¹,

Ibrahim²

2017

Cukurova Medical Journal (Çukurova Üniversitesi Tıp Fakültesi Dergisi)

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“…Inventory management is a very effective tool for an organization to be efficient in business management [2]. The traditional way of managing inventory is performed by using a pen and a paper to write down the type and quantity of the stock [3].…”

Section: Literature Reviewmentioning

confidence: 99%

Empirical Study of an Automated Inventory Management System With Bayesian Inference Algorithm

Xie¹

2015

IJRET

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“…We do single point crossover operation among six string ( 11,5,12,6,7,3 ) and are shown in table 6. Table 6: 30 strings after crossover…”

Section: Crossovermentioning

confidence: 99%

A Genetic Algorithm Approach for Minimizing Total Inventory Cost in a Job-Shop Manufacturing Unit

.¹

2015

IJRET

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Inventory Management: A Tool of Optimizing Resources in a Manufacturing Industry A Case Study of Coca-Cola Bottling Company, Ilorin Plant

Cited by 26 publications

References 1 publication

Oromia Bölgesel Devleti Doğu Shewa, Etiyopya’daki sağlık tesislerinde en önemli temel ilaçların envanter yönetimi performansı

Oromia Bölgesel Devleti Doğu Shewa, Etiyopya’daki sağlık tesislerinde en önemli temel ilaçların envanter yönetimi performansı

Empirical Study of an Automated Inventory Management System With Bayesian Inference Algorithm

A Genetic Algorithm Approach for Minimizing Total Inventory Cost in a Job-Shop Manufacturing Unit

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