International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
www.ijsr.net | Most Trusted Research Journal Since Year 2012

ISSN: 2319-7064

Research Paper | Management | Iraq | Volume 9 Issue 1, January 2020

Application of ABC-VED Matrix Analysis to Control the Inventory of a Central Pharmacy in a Public Hospital: A Case Study

Dr. Sabah M. Al-Najjar, Dr. Maha. K. Jawad, Ola A. Saber

The hospital's drug pharmacy is the most important facility in a hospital where large financial resources are allocated for the purchase of drugs that support therapy of patients. In order to direct these resources efficiently and effectively, it is essential to apply inventory models to manage the drug inventory in pharmacies. The main objective of this research is to conduct a systematic classification for the drugs in a central pharmacy inventory of a public hospital. The necessary data about the 138 drugs dispensed were gathered for the period between 1/1/2018 ? 31/12/2018. The ABC (Always, Better, Control), VED (Valuable, Essential, Desirable), and ABC-VED Matrix analysis were used to group the different types of drugs into three categories, I, II, and III. Data analysis was conducted by Microsoft Office Excel 2013 and by statistical methods. The VED analysis revealed that (81% of the Annual Drug Expenditure, (ADE) were allocated to Essential drugs, while categorizing the drugs indicated that (71.47 % of ADE) should be allocated to category I which includes AV,AE, AD, BV, and CV drug groups. This research concluded that top management should exert high supervision and control to drugs that fall in category I, then category II, and last category III. This research work is significant because it augments our knowledge about inventory control in general, and pharmacy inventory control systems in specific.

Keywords: ABC, VED, ABC-VED Matrix Analysis, Pharmacy Inventory Management

Edition: Volume 9 Issue 1, January 2020

Pages: 1328 - 1336


How to Cite this Article?

Dr. Sabah M. Al-Najjar, Dr. Maha. K. Jawad, Ola A. Saber, "Application of ABC-VED Matrix Analysis to Control the Inventory of a Central Pharmacy in a Public Hospital: A Case Study", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=ART20204180, Volume 9 Issue 1, January 2020, 1328 - 1336

40 PDF Views | 22 PDF Downloads

Download Article PDF



Similar Articles with Keyword 'ABC'

Research Paper, Management, Iraq, Volume 9 Issue 1, January 2020

Pages: 1328 - 1336

Application of ABC-VED Matrix Analysis to Control the Inventory of a Central Pharmacy in a Public Hospital: A Case Study

Dr. Sabah M. Al-Najjar, Dr. Maha. K. Jawad, Ola A. Saber

Share this article

Research Paper, Management, Morocco, Volume 8 Issue 3, March 2019

Pages: 1626 - 1634

Supply Chain Performance Measurement Tools: Case of Moroccan Companies

Imad Ait Lhassan, Rachid Daanoune

Share this article

Research Paper, Management, Sri Lanka, Volume 7 Issue 3, March 2018

Pages: 113 - 119

The Impact of Emotional Intelligence on Organizational Citizenship Behavior of Staff Employees at ABC (Pvt.) Ltd, Sri Lanka

Thilini Nirosha, Amalie Jayatilake

Share this article

Similar Articles with Keyword 'VED'

Research Paper, Management, Indonesia, Volume 3 Issue 6, June 2014

Pages: 529 - 534

E-Business Analysis of Garut University (UNIGA) Using the Business Model Canvas

Maghfirah, Dini Turipanam Alamanda, Adhi Prasetio, Fajar Prabowo, Abdullah Ramdhani

Share this article

Research Paper, Management, Kenya, Volume 3 Issue 9, September 2014

Pages: 2151 - 2156

Effect of Employee Rewards and Recognition on Job Performance in Kenya?s Public Sector, A Case Study of Nakuru Water and Sanitation Services Company Ltd

Muthoni M. Muchai, Mwangi Benson

Share this article

Research Paper, Management, Namibia, Volume 9 Issue 5, May 2020

Pages: 883 - 891

Determinants of Student Satisfaction in Namibia: A Viewpoint of Public Higher Education

Stewart Kaupa PhD, Eric Mang'unyi PhD

Share this article

Research Paper, Management, Nigeria, Volume 4 Issue 6, June 2015

Pages: 729 - 737

Capital Expenditure at Disaggregated level and Economic Growth in Nigeria: An Empirical Analysis

Gabriel Chukwu Nkechukwu, Johnson Ifeanyi Okoh

Share this article

Research Paper, Management, Zimbabwe, Volume 3 Issue 9, September 2014

Pages: 1757 - 1762

The IMF / World Bank Economic Structural Adjustment Programmes in Sub-Saharan Africa: What Were the Impacts on Small Enterprise Development?

Washington Muzari, Edson Gwangwava

Share this article

Top