Inventory control: Its principles and application

Availability of good quality stock, in right quantity, at place and time cost is the essence inventory control, which turn mandatory for smooth functioning service delivery any health care facility. Various techniques are available based on cost, criticality other factors e.g., ABC analysis, VED ABC-VED matrix, FSN SDE analysis etc. Each technique has its own strength weakness applicability. Economic considerations also imperative logistic management facility, as savings could be spent more gainfully some way thus lives saved, reduced morbidities overall positive impact. Future healthcare managers will have to utilize scientific methods role an efficient hospital logistics system cannot ignored anymore. Inventory control important component management. It provides significant improvement patient care, customer relationships optimal use resources. The objective this paper present up-to-date review critically appraise various techniques, costs associated with it indenting stock. This benefit post-graduate students public workers understanding concepts principle applying same their practice.