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Inventory Control || Hospital and Clinical Pharmacy Cha.3 part 3||

PDF link https://drive.google.com/file/d/1J_Nu... join telegram group for exam preparation and other benefits https://telegram.me/SRPharmaci Follow me on instagram   / s_r_pharmacy   link part 1.    • Hospital and Clinical Pharmacy Chapte...   link part 2.    • Procedure of Drug Purchase|| HCP|| Ch...   In this video we study about #Imventory_control #techniques_of_inventory_control #ABC_analysis #VED_analysis #EOQAnalysis #Economy_order_quantity Inventory : All the items , goods , materials and manufactured product a company have for sell is called Inventory . inventory Control : Inventory control is a process of maintaining a business stock level to fulfill the customer 's demand and to minimize cost . Inventory control techniques 1) ABC analysis : It is a inventory management technique that determine the value of inventory items on the basis of their importance to the business . 2) VED Analysis : It is also an inventory management strategy that classifies the materials according to their importance . 3) Economy Order Quantity ( EOQ) : It is a method to purchase appropriate quantity of row material for manufacturing at one time , to minimize ordering and caring cost . Ordering Cost : It includes all those expenses are related to ordering , like traveling cost expenses during traveling etc . Caring Cost : It includes all those expenses are related to goods like transportation charge , insurance , room rent , storage expenses etc. Key Points of inventory Control : * Minimum level of stock * Maximum level of Stock * Average requirement * Dangerous level of stock * Re-ordering Quantity . #Lead_Time : It denote the time gap up between placement of an order and its delivered time . #Reorder_Quantity_Level : It is a process of inventory control , when the level of stock material reach at specific level , then new order is placed to maintain stock level . #Reordering_Level = maximum consumption x maximum reorder period Inventory Turnover : it means how many times an inventory of a company is sold or used in a particular time period . It is calculated to see if a business has an excessive inventory in comparison to its sales . #InventoryControlbysrpharmacy #InventoryControl #hospitalandclinicalpharmacychapter3lecture #hospitalandclinicalpharmacychapter3part3 #srpharmacy ‪@srpharmacy‬