Department of Hospital Administration, Nizam's Institute of Medical Sciences, Punjagutta, Hyderabad
*Corresponding author: K V Krishna Reddy, Assistant Medical Superintendent, Nizam's Institute of Medical Sciences, Punjagutta, Hyderabad 500082. Phone: 9490295004. Fax: 040-23489999. Email: drkvkreddy36@yahoo.co.in
Online published on 6 November, 2014.
To classify the existing inventories of the surgical stores and design appropriate levels of inventories to be maintained.
A retrospective study was conducted in a tertiary care hospital for a period of one year i.e. from 1.04.2010 to 31.03.2011.
The study revealed that for most of the items the Economic Order Quantities are greater than lead time consumption and in such cases maximum inventory at any point of time need not be greater than EOQ, provided that there is not much variation in lead time. The lead time for almost all items is less than one day and EOQ for high value, high consumption items is more than lead time consumption.
Any variations in lead time should be taken note of immediately and the reorder levels have to be adjusted accordingly. This extra effort may however be insignificant compared to benefits the inventory control system provides.
ABC and XYZ analysis, VED Analysis, EOQ, Lead time, Buffer Stock, Safety Stock
