IMPROVEMENT OF THE INVENTORY MANAGEMENT SYSTEM AT PT. ABC PHARMACY
The capacity to maintain and regulate the products that must be stocked is made possible by an inventory management policy. The policy goal is to define the rules for ordering quantities, when to place a purchase order, and how to control the things that are ordered. The business must implement its...
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| Format: | Theses |
| Language: | Indonesia |
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| Online Access: | https://digilib.itb.ac.id/gdl/view/70290 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | The capacity to maintain and regulate the products that must be stocked is made possible by an inventory management policy. The policy goal is to define the rules for ordering quantities, when to place a purchase order, and how to control the things that are ordered. The business must implement its safety inventory policy in all commercial dealings. Safety inventory is an inventory management strategy meant to meet client demands even if those demands may change at any time. For the healthcare organization to function successfully, proper inventory management is required. Drug stockouts have occurred every month at PT. ABC Pharmacy since 2021. Stockouts occur for nearly every medication that patients require, particularly for the treatment of chronic conditions when the requirement to take medications continuously is crucial. Only about 57,09% of the 47 medication samples received average service level.
To make present inventory management better, an examination of the system is required. ABC-VEN (Vital, Essential, Non-Essential) categorization was used in this investigation to categorize the medications. By categorizing items, ABC analysis facilitates inventory management of pharmaceutical supplies. The analysis took place during a three-month period, from August to October 2022. The fixorder quantity model (Q Model), fix-time period model (P Model), and current system are all compared to the inventory systems in order to do the analysis.
According to the analysis, the suggested fixed order-quantity model (Q model), when compared to the amount of average inventory level on the present system of PT. ABC Pharmacy was able to reduce the total average inventory level from the preceding system by 55% or IDR 186.519.495, or IDR 336.519.495 to IDR 150.000.360. Besides that, based on purchasing simulation study, superior results are also obtained for the Q model, with total purchases for the Q Model being 12% lower than those for the existing system and total last inventory stock being 56% lower than those for the current system. The newly suggested fixed order quantity model (Q model) is the most effective way to lower the company's average current inventory level as a result, with an estimates service level increase of 41,91%, from the actual service level of 57,09% to 99%.
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