FSN analysis is an inventory management technique. 2 Issue 4, April 2015. www.ijiset.com ISSN 2348 – 7968 325 IV. VEN analysis is … fFSN analysis. ABC and VED Analysis in Medical Stores Inventory Control. Pharmaceutical Analysis INTRODUCTION Pharmaceutical analysis is a branch of practical chemistry that involves a series of process for identification, determination, quantification and purification of a substance, separation of the components of a solution or mixture, or determination of structure of chemical compounds. The problem ... the data of monthly consumption and sales cost incurred on each item of the pharmacy for the month of Dec 2016 were obtained. PRIORITIZED FSN ANALYSIS OF INVENTORY MANAGEMENT IN PRIVATE AND HOSPITAL PHARMACY FOLLOWED BY QUESTIONNAIRE @article{Manivel2017PRIORITIZEDFA, title={PRIORITIZED FSN ANALYSIS OF INVENTORY MANAGEMENT IN PRIVATE AND HOSPITAL PHARMACY FOLLOWED BY QUESTIONNAIRE}, author={P. … c) gasometric analysis. Methodology: Multifactorial analysis by ABC, VED and FSN methodology was done in elderly patients attending Outpatient's clinic with chronic illness for consultation and collecting medicines free of cost from Outpatient's Pharmacy. Opening balance is 50. 4. The main objective of the study was to analyze the retrospective consumption data from 2016 in order to optimize the inventory management of vital drugs. In these analysis only generally used items is used for FSN analysis. —This paper attempts to gain a better understanding on the main issues affecting the management of medicines in hospitals by defining and analyzing the main logistics inefficiencies executed by the hospital pharmacy. The substance may be a single compound or a mixture of ��5��[��_~? 136 of vital drug items were categorized by ABC (Always Better Control) and FSN (Fast, slow and non-moving) matrix and analyzed the consumption patterns of vital drugs in each group. 2 0 obj %PDF-1.5 In FSN analysis the items are classified into F, S and N classes based on Based on Turnover ratio. matrix analysis, Felege Hiwoti referral hospital and Debere Markos Referral Hospital saved drugs with a total value of 7,042 and 29,840 from 4.5% to less than 0.27%. Here we have tried to study the inventory control system of a pharmacy store using ABC – XYZ- FSN analysis method. Fast-moving inventory, as the name suggests, comprises the stock that moves quickly and needs to be replenished very often. The items are classified according to their rate of consumption. endobj Figure 1: Presents the overview of the internal supply chain in the pharmacies. Here is the basic depiction of FSN Analysis: F stands for Fast moving, S for Slow moving and N for Nonmoving items. Fsn Analysis Pdf can be extremely handy things, and fsn analysis pdf play an important role in your products. International research journal of pharmacy, Indian journal of pharmaceutical sciences, By clicking accept or continuing to use the site, you agree to the terms outlined in our. Contribution: Data curation (lead), Formal analysis (lead), Methodology (lead), Software (equal), Writing - original draft (equal), Writing - review & editing (supporting) Search for more papers by … Ward Request is one of the most sought features in a Hospital along with sophiscated daily reports from Net Colletion to FSN Analysis, etc. Biological and microbiological. x��]_�۸�w������[email protected]� �R����I���Nn��}�H�g.cII�s*_���?� RҞ���xEl4��_w����&������_������ً瓿?~T�"Sz���+��zR��Г��=�~������e9y�����G�o_?�LR�#%oVYn&BH��������d��ѳ�@讀4��?Rܫ�X�5f���'���o�5�O[����G��~�����U9}?Sj�fW���?���UE?~�����G�BG������Ɍ6\ 3���Ө����s�-tv��o���z:����w���������Q�ʪ�_?lUY38��M�*�ꦸ\7F��b3e�׊��rvU�R(;�A��`�����.�ϘVhX�9��amV�C���S��~�fD?.�O5����R��z�J2Zsg�68����b�h �y�ܐ��2[������P?��)G�sA���տ��g�9�4^�Dz��嬢.�5��VQ�|D/g�5��UV���*G:��`�.�c�g��Q�};��+��=�ӂY| sYL�^��"��zp�]N7�F��Ug��3ɳ�"=���bQ�,\"�[�EUf�����(*�� �XQ�~�^�K[vy���uV.�g�������^]�Ε�i����v4yV�x�XQ_n�B�Aa^�t����5ZGs���,/���֙T��.�O9�Ooi*}�4�������������������H�ua�jAN�ԙ�ئ��0ߨ�0����aw������n��o��ɇ��כ�����Y>���t�jww�t5�T�V�F�T�����u����H���5�ɀH쉣�U��i�v2ض�*���@��F����(��]��/p�O�8�{|N8��LqD>�NQ���m >�4̢�h �����[� 8T�8w����Є!���D��f��6�B�`�"��7���x�[a�c#4�W3����?o����].���@?�\�Fr5ض��ô�t�"F����9D�miN����u��O+����R��_(���h�N�@ �1����ދh00,FY����%��� essential), and FSN analysis (Fast, slow and non-moving), etc. endobj As ABC analysis classifies items based on purchasing costs, VED analysis The Selective Inventory Control (A-B-C Analysis): The materials are divided into a number of categories for adopting a selective approach for materials control. DOI: 10.7897/2230-8407.0712155 Corpus ID: 79048134. Some features of the site may not work correctly. Adjustment Qty. The analysis revealed that group A requires close day-to-day control, and that the cost factor should be taken into consideration especially for group A. Data collection is mainly of 1 year through the general store manager of sponge iron plant. ABC and VED Analysis of the Pharmacy Store of a Tertiary Care, Academic Institute of the Northern India to Identify the Categories of Drugs Needing Strict Management Control, ABC-VED matrix analysis of Government Medical College, Aurangabad drug store, ABC-VED Analysis of a Drug Store in the Department of Community Medicine of a Medical College in Delhi, ABC and VED Analysis of the Pharmacy Store of a Tertiary Care Teaching, Research and Referral Healthcare Institute of India. Instrumental method. Keywords : Stock, Stock Planning, ABC/XYZ Analysis I. 1 Acknowledgements I take this opportunity as privilege to express my deep sense of gratitude to Dr. Rajendra Takale, Director Ashoka Institute of Healthcare, Nashik for his continuous encouragement, invaluable guidance and help for completing the present research work. Since it is a scientific analysis and not based on the judgment of a few individuals, formulas are used to arrive at figures which tell us if a good belongs to a fast-moving or slow-moving or non-moving category. The order for new inventory is placed based on the utilization of inventory.ConclusionInventory management is an essential part of every business. Return Qty. 1 0 obj Fast Moving (F) – Items that are frequently issued/used Date Receipt Qty. ABC analysis is based on Pareto’s Law, which classified drug items by ranking the monetary value and consumption rate. From the view-points of functional utility, the effects of non-availability at the time of requirement or the operation, process, production, plant or equipment and the urgency of replacement in case of breakdown. All the items of inventory are not used in the same order; some are required frequently, while some are not required at all. pharmacy, shortage of these items may lead to a failure in medical treatment which is very important for the illness. The FSN analysis is conducted generally on the following basis: <> ABC analysis is an approach for classifying inventory items based on the items’ consumption values. �Es�n�&?�)��N�+P��8CXM\����&�"����ҤV��Ł�~bn����U�$C YUo�g!�&qX����xKF�9p�� �&�p+�9k�I� ,���٫�ԍC�&��f��T�Z�6��� �F+���rUY���W���]�.Rt!�R�@p��ۻ���o�q��8�Z1. It is generally seen that in manufacturing concerns, a small percentage of items contribute large percentage of value of consumption and large percentage of items of material contribute a small percentage of value. <> The aim of the study was to identify the pitfalls in the existing supply chain of private and hospital pharmacies, identify the variables that influencing more in the efficiency of the pharmacy, select the appropriate inventory analysis and suggest the prioritized inventory matrix to meet customer requirement in efficient manner. The annual drug expenditure incurred on 129 drug items for the year 2010-2011 was found to be Rs. ���5�G��,b^��i��R�u ���]����Qz6A��Ua��NQ�U�f�5!S ���o�ۻQ�M�p�ѫ�ΞΓTJ��*�4���nt!��B(��\H���8o��P �U=��a�J�[�5��~��b�t$�(I3nF�����P�� P�G(��!t ��6]��q1�(ڬ͚�Ɏfy �'@��tȋv"l)�]����-G�I-�k`5">.��b�|��c*�+���#�p�X[�t�a��"�Vp�����Q�R��2�1����L�!����|�w�%�� SIA Publishers, a leading Educationl Publishers Trusted By millions of students across twin states of Telangana & Andhra. are the most widely used inventory control classification in both hospitals and pharmaceutical industry. 2. The data was then transcribed in an MS Excel spreadsheet. Electrical method. 4,35,847.85. FSN Analysis aims at classifying items on the basis of their movement from Inventory. The statistical analysis was carried out using statistical functions. A retrospective cohort study was conducted in tertia This method of inventory control is very useful for controlling obsolescence. &b��WG�~���I��˨�p���:D\ (�ۣ^��z�[>�x���=��� f��`� It is an important aspect in logistics. endobj This analysis classifies inventory based on quantity, the rate of consumption and frequency of issues and uses. %���� Period of analysis is 15 days Calculation of consumption rate and average stay of the material in the inventory. The qualitative and quantitative data has been collected through questionnaire and interview of the pharmacy personnel. Fig 4: FSN Analysis of Furnishing Stage items of an EMU Coach Fig 6: FSN Analysis of the items of an EMU Coach. study analysis was conducted in a pharmacy of an Ayurveda Institute. as FSN, XYZ, ABC, HML, VED and S-OS. [10] VED Analysis VED analysis is a method that is used in control of drugs and medical materials. 3. The approach is based on the Pareto principle to help … For FSN analysis, the data of monthly consumption and sales cost incurred on each item of the pharmacy for the month of Dec 2016 were obtained. MANAGEMENT REPORTS. ABC analysis: In order to exercise effective control over materials, A.B.C. For doing this the preliminary steps are 1) The calculation of the Average Stay and the Consumption rates for all the items/variants involved in … The spares are split into three categories in order of importance. Pharmacy plays the key role in curing the disease .Availability of essential medicines have been found to have limited access. A matrix based on coupling of cost (always, better and control) analysis and criticality (vital, essential and desirable) analysis was employed for drug inventory containing 129 items of drug store in the Department of Community Medicine of a Medical College in Delhi. Data can be exported anytime. As this book act as basic material to get the particular info about the analysis. Pharmaceutical Control Department, School of Pharmacy, Mashhad University of Medical Sciences, Mashhad, Iran. Here the items are classified as Fast, Slow and Non moving items taking into consideration both 1) Average stay of the item in Inventory 2) Consumption rate of the item. analysis table, CZ category items are classified into fast, slow and no moving items using FSN analysis. The Pharmaceutical analysis by kasture is the complete solution for the student who are pursuing B.Pharmacy, M.Pharmacy. Similarly, in Felege Hiwot referral hospital the rate of medicine expires declined from 10% to less than 2%. �r�;�j���P �TL_A�Ԝ�?LL5�� q=F�L����lo&FչL#� The items are classified broadly into three groups: F – means Fast moving, S – means Slow moving, N – means Non-moving. FSN analysis makes use of a few parameters to arrive at the three categories of goods in the inventory. Under this method materials are classified into three categories in accordance with their respective values. Issue Qty. stream III. Book suitable for pharmacy students. To study Inventory control with respect to ABC, VED and FSN in Hospital 1. ]�:��C��gU�?�ܯ�ܯ�� ���:�:��j��W>�c��4�.WW��%DG�8H� /uX�j�"[email protected]�r�O�0�;���������>2�W"���av��X��GeE�e3�R%8QU��������uޠ�����Y����ʎ�iLV���,�uJWX�q��hY�ZZע�\�i +[��/3��\�#E���r�0�D�h��h��@��3]�P�+6�����Dz6���3�(>��8]Fo1h�^�:k����h��q�w(��L�^&�)=���p�4�O3�~\c�g�����∨�!�[�b����H����8;��A��N�ƨ56j�g�$�g� �4��}EIt��9��@%���oD�٪�h�l /���6��9����Jm����$6��dE~ř��3��l�3��^����#�S:I�›�ʳ���~�X�"���,�L��ɪKx�0�f��[email protected]! Table II FSN Analysis: Here for analysis we have considered 10 materials. This field research was conducted in a North American hospital which represents the main research site. FSN Analysis. IJISET - International Journal of Innovative Science, Engineering & Technology, Vol. <>/Font<>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Our Pharmacy Management System has options to Integrate to both OP & IP. INTRODUCTION Inventory control is important in any commercial environment, but even more so when it comes to FSN Analysis and calculation. �ҧ��L��&�m�i?춣�R��`Z� (S�nT�5�_�ʔ��H{���r��zrJ'l͸U/SJ�I��g_�t܀U�tL�r��O}�ݏRM��ߜ�Z��Λ��tϵ�� Y�!kTlUj p���R+�TQuD���qv׎L����b�9l�[email protected]]��`����b8��P���#�Uքh4���D��m)lZ,�.0ê�j�ܑ���Ԛ@��zv0.�t�P�ޅTd�*�r��}׿d8���38��p�"� ����m:p�!���96=�9E2� O��6=�9�3� ���YH�A�rV9�~Ռ#t�"�"B?��d~ ��EL� [�x�8���Xº�,�K���杄�m2�(Ja��xu:~(Ɨ��e��t]'qTnzl�8����c������fJ*�G!v�ZA���g�'pY�4�9rƖ��ı�;���d�ak¥��&�����Y'� So this method classifies inventory into three categories, fast-moving inventory, slow-moving inventory, and non-moving inventory. �\�� �Ɍ�, �T�=^ME���X���K�2q�������[email protected]�Ϯi��*j��� Results: Multifactorial analysis of Drugs: Combination of ABC, VED, FSN analysis was done. By ABC-VEN Matrix Analysis of the Pharmacy Store in a Secondary Consumption value is the total value of an item consumed over a specified time period, for example a year. And the most popular Mega bookstore Chain of Retail outlets and the Wholesale Distributors & Suppliers of Books, Stationary and Gifts, SINCE its inception is 1979. combination of ABC and FSN analysis (Inventory matrix) to identify the weight age of each pharmacy item in the matrix and suggest the appropriate EOQ model, with the influence of 3 0 obj The data was then transcribed in an MS Excel spreadsheet. <>>> Data can be exported anytime. You are currently offline. Closing Balance Inventory holding days 4/07/2015 10 0 0 0 60 60 Our Pharmacy Management System has options to Integrate to both OP & IP. Management Reports can be accessed from Web and Mobile. Through SPSS, the normal distribution and…, Critical Analysis of Pharmaceuticals Inventory Management Using the ABC-VEN Matrix in Dessie Referral Hospital, Ethiopia, Selection of suitable additive manufacturing machine and materials through best–worst method (BWM), PRIORITIZED FSN ANALYSIS OF INVENTORY MANAGEMENT IN PRIVATE AND HOSPITAL PHARMACY FOLLOWED BY QUESTIONNAIRE, Healthcare supply chain management in Malaysia: a case study, Managing Medicines in the Hospital Pharmacy : Logistics Inefficiencies, EFFECT OF INVENTORY MANAGEMENT PRACTICES ON ORGANIZATIONAL PERFORMANCE IN PUBLIC HEALTH INSTITUTIONS IN KENYA: A CASE STUDY OF KENYATTA NATIONAL HOSPITAL, The Impact of Effective Inventory Control Management on Organisational Performance: A Study of 7up Bottling Company Nile Mile Enugu, Nigeria, Pharmaceutical supply chain specifics and inventory solutions for a hospital case. Semantic Scholar is a free, AI-powered research tool for scientific literature, based at the Allen Institute for AI. Management Reports can be accessed from Web and Mobile. Ward Request is one of the most sought features in a Hospital along with sophiscated daily reports from Net Colletion to FSN Analysis, etc. 4 0 obj Also known as the FSN analysis, Fast moving, the slow-moving and non-moving inventory method is about segregating products based on their consumption rate, quantity, and the rate at which the inventory is used. MANAGEMENT REPORTS. In this study we shall focus on FSN analysis. (Always Better Control) method is of immense use. This analysis relates to the classifica­tion of maintenance spare parts and denotes the essentiality of stocking spares.
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