1Associate Professor,
*Corresponding author: Chandrakumar S G Associate Professor,
If India has to become a Developed Nation by 2020 then Massive investments in Human Capital & Development of Managerial & Technological skills are mandatory. It is necessary that right material at right time at right place in right quantity & of Right Quality should be made available to increase the efficiency of the system.
To Demonstrate the Principles and Techniques of Drug Inventory Management to improve the efficiency and to do a SWOT analysis of the system.
The study was done at District Health Office, Mysore with the data obtained regarding the Drugs procured under the Cholera Control Programme for the years 2011 and 2012 at District Health office, Mysore from the Indent and Inventory Registers maintained at DHO. Management Techniques Used: 1) Forecasting the Drug Requirement By Time Series Analysis (TSA). 2) stimation of the amount of drugs to be ordered by Economic Order Quantity (EOQ).
Percentage Savings from changing order quantities was 9.92%, Average Monthly Consumption was 2444.17. Cost analysis of the drugs showed annual savings ranged from 1966rs to 23095rs.
Inventory management, SWOT Analysis, Cost Analysis, Savings