It is concerned with planning, organizing and controlling the flow of materials from their initial purchase through internal operations to the service point through distribution. OR Material management is a scientific technique,concerned with Planning, Organizing &Control of flow of materials, from their initial purchase to destination.

AIM OF PHARMACY MANAGEMENT:

To get

  • The Right quality
  • Right quantity of supplies
  • At the Right time
  •  At the Right place
  •  For the Right cost

PURPOSE OF PHARMACY MANAGEMENT:

  • To gain economy in purchasing
  • To satisfy the demand during period of replenishment
  • To carry reserve stock to avoid stock out
  • To stabilize fluctuations in consumption
  • To provide reasonable level of client services

OBJECTIVE OF PHARMACY MANAGEMENT:

  • Right price
  • High turnover
  • Forecasting
  • Low procurement
  • Inter-departmental
  • storage cost harmony
  • Continuity of supply
  • Product improvement
  • Consistency in quality
  • Standardization
  • Good supplier
  • Make or buy decision relations
  • Good information system

FOUR BASIC NEEDS OF PHARMACY MANAGEMENT:

  1. To have adequate materials on hand when needed
  2.  To pay the lowest possible prices, consistent with quality and value requirement for purchases materials
  3. To minimize the inventory investment
  4. To operate efficiently

BASIC PRINICIPLES OF PHARMACY MANAGEMENT:

1:  Effective management & supervision.  It depends on managerial functions of:

  • Planning
  • Organizing
  • Staffing
  • Directing
  • Controlling
  • Reporting
  • Budgeting

2:  Sound purchasing methods

3: Skillful & hard poised negotiations

4:  Effective purchase system

5:  Should be simple

6: Must not increase other costs

7: Simple inventory control programme

FUNCTIONAL AREAS OF PHARMACY MANAGEMENT:

  • Purchasing
  •  Central service supply
  • Central stores
  • The print shops
  •  The pharmacy
  • Dietary& Linen services( manufacturing services)

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