In the context of pharmacy inventory control, ABC stands for Always, Better, and Control.
ABC Analysis in Pharmacy
ABC analysis is a common method used for inventory control in pharmacies to manage and prioritize resources effectively. It categorizes inventory items into three groups (A, B, and C) based on their consumption value or cost. This helps in identifying items that require greater attention and control. According to the reference, this categorization helps determine where to focus inventory management efforts.
Key Aspects of ABC Analysis:
- Group A: These items typically represent 10% of the total inventory items but consume approximately 70% of the budget. They require the tightest control and monitoring.
- Group B: These items represent a moderate percentage of inventory and consumption value, requiring intermediate levels of control.
- Group C: These items represent a large percentage of total inventory items but consume a small percentage of the budget. They require the least control.
