Volume : 11, Issue : 01, January – 2024
Title:
A STUDY ON INVENTORY CONTROL AND DRUG STORE MANAGEMENT
Authors :
E. Swapna*, Dr. S.Rajesh Raja
Abstract :
A drug Store/Pharmacy/Community Pharmacy/chemist’s is a retail shop which provides prescription drugs, among other products. At the drug store, a pharmacist oversees the fulfilment of medical prescriptions and is available to give advice on their offerings of over the-counter drugs. The basic purpose of purchases is to ensure continuous flow of raw materials of right quality, right quantity, and right price and from right sources. Another objective of purchasing the avoidance of duplication and wastage with respect to various items purchased.
Drug store management is based on principles of inventory control. There are different Techniques of Inventory control methods such as ABC analysis, VED analysis, EOQ, Lead time Buffer stock FIFO, FEFO, FSN analysis, SOS analysis, XYZ analysis. The use of computers minimizes the chances of validity of drugs expiring while in storage by the transfer of stocks from the surplus to deficit depots and with advantages such as less investment, less storage, Fast supply of drug, Control on Issue of Drugs, Minimum wastage and Prompt payments.
Keywords: Inventory control, ABC analysis, Lead time elderly.
Cite This Article:
Please cite this article in press E. Swapna et al., A Study On Inventory Control And Drug Store Management, Indo Am. J. P. Sci, 2024; 11 (01).
Number of Downloads : 10
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