Application of ABC and EOQ Methods to Improve Control of Patented Medicine Inventory at Pharmacy A

Abstract

Abstract

This research aims to analyze drug inventory control at Pharmacy A using the Always Better Control (ABC) and Economic Order Quantity (EOQ) methods. Data on drug supplies, drug unit prices, and drug use from January to December 2021 were collected and analyzed using Microsoft Excel. Drugs are classified into three groups based on investment value. The results showed that group A had the highest investment value (80%) with 41 types of drugs, group B had a medium investment value (15%) with 24 types of drugs, and group C had the lowest investment value (5%) with 19 types of drugs. The EOQ value for group A varies from 1 item to 3170 items. This research recommends that Pharmacy A use the ABC and EOQ methods in managing drug supplies to make it more efficient, effective, and economical.

Keywords:- Pharmacy, Inventory Control, ABC, EOQ