Inventory Control || Hospital and Clinical Pharmacy Cha.3 part 3||

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In this video we study about
#Imventory_control
#techniques_of_inventory_control
#ABC_analysis
#VED_analysis
#EOQAnalysis
#Economy_order_quantity
Inventory : All the items , goods , materials and manufactured product a company have
for sell is called Inventory .
inventory Control : Inventory control is a process of maintaining a business stock level to
fulfill the customer 's demand and to minimize cost .
Inventory control techniques
1) ABC analysis : It is a inventory management technique that determine the value of
inventory items on the basis of their importance to the business .
2) VED Analysis : It is also an inventory management strategy that classifies the
materials according to their importance .
3) Economy Order Quantity ( EOQ) : It is a method to purchase appropriate quantity of
row material for manufacturing at one time , to minimize ordering and caring cost .
Ordering Cost : It includes all those expenses are related to ordering , like traveling cost
expenses during traveling etc .
Caring Cost : It includes all those expenses are related to goods like transportation
charge , insurance , room rent , storage expenses etc.
Key Points of inventory Control :
* Minimum level of stock
* Maximum level of Stock
* Average requirement
* Dangerous level of stock
* Re-ordering Quantity .
#Lead_Time : It denote the time gap up between placement of an order and its delivered
time .
#Reorder_Quantity_Level :
It is a process of inventory control , when the level of stock material reach at specific
level , then new order is placed to maintain stock level .
#Reordering_Level = maximum consumption x maximum reorder period
Inventory Turnover :
it means how many times an inventory of a company is sold or used in a particular time
period .
It is calculated to see if a business has an excessive inventory in comparison to its sales .
#InventoryControlbysrpharmacy
#InventoryControl
#hospitalandclinicalpharmacychapter3lecture
#hospitalandclinicalpharmacychapter3part3
#srpharmacy
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[@Mohd.Saqlain.D.R.G.786-92]

Inventory Control को आपने Communnity Pharmacy And Management के Chapter 9 में पढ़ाया है लेकिन अच्छे से Full Explain मे पढ़ाया है 👈

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Reordering level formula me min reordering period/max reordering period sir?

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