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Modern inventory analysis techniques.

Authors
Type
Published Article
Journal
American journal of health-system pharmacy : AJHP : official journal of the American Society of Health-System Pharmacists
Publication Date
Volume
57
Issue
4
Pages
351–367
Identifiers
PMID: 10714973
Source
Medline
License
Unknown

Abstract

Modern techniques for managing pharmacy inventories are described. Pharmacists should rely on modern techniques, such as sort-based and activity-based analyses, for managing pharmacy inventories, containing drug costs, performing replacement-and-elimination analysis, and monitoring the health system's operations. Unit price and quantity are the two basic inventory-control approaches; however, modern techniques recognize quantity as the more useful of the two. The primary areas of the pharmacy's activities must be taken into consideration. Pharmacists must learn to divide inventory analysis problems into sets of smaller issues. Modern inventory analyses that take into account annual quantity, unit price, total annual cost, and the health system's unique activities provide the pharmacist with a practical basis for inventory management.

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