Abstract

REORDER POINT INTERVENTION (ROP) FOR FAST MOVING DRUGS AT A LOCAL PHARMACY

Kuldeep Saini*

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Abstract

Pharmacy is the clinical health science that links medical science with chemistry and it is charged with the discovery, production, disposal, safe and effective use, and control of medications and drugs. Due to the ever increasing demand of drugs to meet the Patient needs it is very important to have a proper stock of drugs and a good inventory control in order to avoid stock-outs and thus be competitive with other Pharmacies in market. Efficient inventory control will reduce inventory investment and minimize handling cost without adversely impacting customer satisfaction levels. A study was undertaken to check the efficiency of Reorder Point (ROP) intervention at a Local Pharmacy. A pre-experimental Study was done by using Turnover Ratio (TOR) as a Parameter. Data of Stock of Multivitamins in Jan-Feb 2020 & Jan-Feb 2021 was taken. Cost components like the amount of Stock, cost of goods sold, and daily drug use was recorded. In order to check the efficiency of the intervention a pre & post-test was done. It was concluded that ROP intervention increased the efficiency of Fast-moving drug plan. The pre & post intervention results were compared & a lower inventory value and a greater TOR value were obtained. Thus, an increase in efficiency will eventually require a smaller budget of drug expenses.

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