ABC, VED, and ABC-VED Matrix Analyses for Inventory Management in Community Pharmacies: A Case Study

Year 2022, Volume: 47 Issue: 3, 293 - 300, 19.10.2022

Ebru Dursa Miray Arslan

Abstract

Inventory control methods should be used effectively in community
pharmacies to determine and obtain the needs for pharmaceuticals
and non-pharmaceutical products at appropriate times and with
proper procedures. An effective stock control provides positive outputs
in the community pharmacy’s economy, the quality of the service to be
provided, and the pharmacy’s image. In this context, within the scope
of this study, it aims to evaluate ABC, VED, and ABC-VED matrix
analyses in terms of community pharmacies.
In the study, ABC, VED, and ABC-VED matrix analyzes were
applied using the inventorydata of a community pharmacy serving
in the city center of Van for the 2019-2020 financial year. For this
purpose, firstly, annual consumption and expenditure data for each
pharmacy item specified for the 2019-2020 financial year were
collected. The data were then transferred to an MS Excel spreadsheet,
and statistical analysis was performed using MS Excel statistical
functions.
As a result of ABC-VED analysis, it was determined that the drugs in
the first category were of great importance for effective stock control,
the drugs in the second category were of medium importance, and the
drugs in the third category were of low importance. They are because
the pharmacy from which the research data is taken is close to the
family health center and the socioeconomic structure of the pharmacy’s
environment. This categorization is thought to be appropriate.

Keywords

ABC analysis, ABC-VED matrix, Pharmacy, Inventory control, VED analysis

References

• Abromowitz, P. W. (1984). Controlling financial variables- purchasing, invertroy control, and waste reduction. American Journal of Hospital Pharmacy,41, 309-317.https://doi.org/10.1093/ajhp/41.2.309