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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Main Author: Brillian Putri, Esha
Format: Theses
Language:Indonesia
Subjects:
Online Access:https://digilib.itb.ac.id/gdl/view/70290
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Institution: Institut Teknologi Bandung
Language: Indonesia
id id-itb.:70290
spelling id-itb.:702902023-01-03T09:34:45ZIMPROVEMENT OF THE INVENTORY MANAGEMENT SYSTEM AT PT. ABC PHARMACY Brillian Putri, Esha Manajemen umum Indonesia Theses Service level, Inventory management, Fix-Order Quantity Model, Pharmacy INSTITUT TEKNOLOGI BANDUNG https://digilib.itb.ac.id/gdl/view/70290 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%. text
institution Institut Teknologi Bandung
building Institut Teknologi Bandung Library
continent Asia
country Indonesia
Indonesia
content_provider Institut Teknologi Bandung
collection Digital ITB
language Indonesia
topic Manajemen umum
spellingShingle Manajemen umum
Brillian Putri, Esha
IMPROVEMENT OF THE INVENTORY MANAGEMENT SYSTEM AT PT. ABC PHARMACY
description 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%.
format Theses
author Brillian Putri, Esha
author_facet Brillian Putri, Esha
author_sort Brillian Putri, Esha
title IMPROVEMENT OF THE INVENTORY MANAGEMENT SYSTEM AT PT. ABC PHARMACY
title_short IMPROVEMENT OF THE INVENTORY MANAGEMENT SYSTEM AT PT. ABC PHARMACY
title_full IMPROVEMENT OF THE INVENTORY MANAGEMENT SYSTEM AT PT. ABC PHARMACY
title_fullStr IMPROVEMENT OF THE INVENTORY MANAGEMENT SYSTEM AT PT. ABC PHARMACY
title_full_unstemmed IMPROVEMENT OF THE INVENTORY MANAGEMENT SYSTEM AT PT. ABC PHARMACY
title_sort improvement of the inventory management system at pt. abc pharmacy
url https://digilib.itb.ac.id/gdl/view/70290
_version_ 1822991443574128640