Inventory management with the help of technology
Ms Chen proceeds to explain inventory management, specifying the different considerations to take note of from inbound to outbound.
Key points
The ideal inventory model is the optimal stock movement pattern. Inventory levels are as low as possible, consumption patterns are consistent, and suppliers always deliver on time. However, this model is rarely reached in practice.
To reducing holding costs, one can control service level and safety stock.
It is crucial to balancing cost and demand in any pharmacy. Efficient inventory control should simplify the workflow process, and provide direct, real-time records of inventory.
At TVGH:
Computerized inventory system combined with the bar code reading system identifies pharmaceuticals. The systems are applied to both inbound and outbound processes. They are useful for checking inbound drugs, allocating stock. Though an auto mode is available, there are still tasks that require surveillance by a skilled knowledgeable staff.
Share and learn:
How is the stocking system of your hospital like?
Are automatic systems applied at your hospital, or must information be checked and keyed in manually?
Good Pharmacy Practice: Medication Management
Good Pharmacy Practice: Medication Management
Reach your personal and professional goals
Unlock access to hundreds of expert online courses and degrees from top universities and educators to gain accredited qualifications and professional CV-building certificates.
Join over 18 million learners to launch, switch or build upon your career, all at your own pace, across a wide range of topic areas.
