SlideShare a Scribd company logo

Product Management- Inventroy Management and Controls.pptx

RAHUL PAL
RAHUL PAL

In manufacturing operations, production management includes responsibility for product and process design, planning and control issues involving capacity and quality, and organization and supervision of the workforce. Production management aims to monitor and improve the efficiency of activities, materials, staff resources, and budgets to produce goods. Production outcomes vary according to the industry. A production manager ensures that manufacturing stays on schedule, within budget, and achieves the desired output goals.

1 of 22
Download to read offline
PRODUCT MANAGEMENT:
PRODUCTION ORGANIZATION MATERIAL
MANAGEMENT, INVENTORY MANAGEMENT AND
CONTROL
SUBMITTED BY: PRACHI PANDEY, RAHUL PAL
SUBMITTED TO: DR. HIMMAT SINGH CHAWRA
M. PHARM (PHARMACEUTICS)
NIMS INSTITUTE OF PHARMACY, NIMS UNIVERSITY, JAIPUR
CGMP (CURRENT GOOD MANUFACTURING
PRACTICE
 CGMP refers to Current Good Manufacturing Practice (CGMP) regulations enforced by US FDA.
 Current Good Manufacturing Practices are the methods to be used in, the facilities or controls to be
used for, the manufacturing, processing. packaging or holding of a drug to assure that such drug meets
the requirements of the act, and has the identity and strength and meets the quality and purity
characteristics that is represented to possess.
OBJECTIVES OF CGMP
 Ensure that products are consistently manufactured and controlled to the specified quality.
 Concerned with all aspects of production and quality control.
 In the manufacture of cosmetic products, overall control and monitoring
 Ensure that the consumer receives products of specified quality.
 The quality of a product depends on the starting materials, production and quality control processes,
building, equipment and personnel involved.
 CGMP regulations assures the identity, strength, quality and purity of drug products
PRODUCT MANAGEMENT: MATERIAL
MANAGEMENT
Definition: “It is an organizational concept which has the authority & responsibility of all actives
principally concerned with the flow of materials for the organization”.
 Material management works continuously with production, marketing, sales & quality control.
 It has the responsibility of determining the amount of inventory & its accountability.
 It is concerned with planning, directing & controlling the kind, amount, location, movement of the
various flows of materials used in & produced by a business enterprise.
FUNCTION OF MATERIAL MANAGEMENT
 Material planning & programming.
 Simplification, standardization & value analysis.
 Inventory control & management.
 Purchasing of materials in desired quantities without delays.
 Receiving of incoming materials.
 Storage, preservation & administration of materials.
 Production planning & scheduling.
 Disposing of rejects & obsolete materials, Improving operation efficiency through training.
MATERIALS - QUALITY & QUANTITY
 Four factors are considered to be essential...
 Quality
 Quantity
 Price
 Delivery date

Recommended

Inventory Management and Control, Production Planning and Control
Inventory Management and Control, Production Planning and ControlInventory Management and Control, Production Planning and Control
Inventory Management and Control, Production Planning and ControlSimranDhiman12
 
Current Goods Manufacturing Practice & Industrial Management
Current Goods Manufacturing Practice & Industrial ManagementCurrent Goods Manufacturing Practice & Industrial Management
Current Goods Manufacturing Practice & Industrial ManagementLukman N Kerur
 
Inventory Management-M.pharm (Pharmaceutics )
Inventory Management-M.pharm (Pharmaceutics ) Inventory Management-M.pharm (Pharmaceutics )
Inventory Management-M.pharm (Pharmaceutics ) AnandSwaroopGupta1
 
Wastage management and pilferage control
Wastage management and pilferage controlWastage management and pilferage control
Wastage management and pilferage controlNishant Modak
 

More Related Content

Similar to Product Management- Inventroy Management and Controls.pptx

Similar to Product Management- Inventroy Management and Controls.pptx (20)

Inventory Management & Selective Control/ABC Analysis
Inventory Management & Selective Control/ABC AnalysisInventory Management & Selective Control/ABC Analysis
Inventory Management & Selective Control/ABC Analysis
 
Inventory Management ,Jaytirmoy Barmon,Manik
Inventory Management ,Jaytirmoy Barmon,ManikInventory Management ,Jaytirmoy Barmon,Manik
Inventory Management ,Jaytirmoy Barmon,Manik
 
Materials management by dipjyoti biswas
Materials management by dipjyoti biswasMaterials management by dipjyoti biswas
Materials management by dipjyoti biswas
 
5. inventory control
5. inventory control5. inventory control
5. inventory control
 
Inventroy control word file
Inventroy control word fileInventroy control word file
Inventroy control word file
 
Materialcontrol
Materialcontrol Materialcontrol
Materialcontrol
 
Inventory Management.docx
Inventory Management.docxInventory Management.docx
Inventory Management.docx
 
Production management.
Production management.Production management.
Production management.
 
UNT - V MATERIAL MANAGEMENT.pptx
UNT - V MATERIAL MANAGEMENT.pptxUNT - V MATERIAL MANAGEMENT.pptx
UNT - V MATERIAL MANAGEMENT.pptx
 
Inventory control
Inventory controlInventory control
Inventory control
 
Savi
SaviSavi
Savi
 
Inventory control
Inventory controlInventory control
Inventory control
 
Material Management
Material ManagementMaterial Management
Material Management
 
Inventory control
Inventory controlInventory control
Inventory control
 
a) DRUG STORE MANAGEMENT AND INVENTORY CONTROL.pptx
a) DRUG STORE MANAGEMENT AND INVENTORY CONTROL.pptxa) DRUG STORE MANAGEMENT AND INVENTORY CONTROL.pptx
a) DRUG STORE MANAGEMENT AND INVENTORY CONTROL.pptx
 
Inventory control
Inventory controlInventory control
Inventory control
 
Material Management
Material ManagementMaterial Management
Material Management
 
Material Cost and Labour Cost PPT - Dr.J.Mexon
Material Cost and Labour Cost PPT - Dr.J.MexonMaterial Cost and Labour Cost PPT - Dr.J.Mexon
Material Cost and Labour Cost PPT - Dr.J.Mexon
 
Inventory control
Inventory controlInventory control
Inventory control
 
Inventrycontrol
InventrycontrolInventrycontrol
Inventrycontrol
 

More from RAHUL PAL

Niosome An Non-Ionic Surfactant Vesicles.pptx
Niosome An Non-Ionic Surfactant Vesicles.pptxNiosome An Non-Ionic Surfactant Vesicles.pptx
Niosome An Non-Ionic Surfactant Vesicles.pptxRAHUL PAL
 
𝐎𝐫𝐚𝐥 𝐏𝐚𝐩𝐞𝐫 𝐏𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 (𝐈𝐑𝐓𝐄𝐂 𝟐.𝟎-𝟐𝟎𝟐𝟒); The Curre...
𝐎𝐫𝐚𝐥 𝐏𝐚𝐩𝐞𝐫 𝐏𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 (𝐈𝐑𝐓𝐄𝐂 𝟐.𝟎-𝟐𝟎𝟐𝟒); The Curre...𝐎𝐫𝐚𝐥 𝐏𝐚𝐩𝐞𝐫 𝐏𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 (𝐈𝐑𝐓𝐄𝐂 𝟐.𝟎-𝟐𝟎𝟐𝟒); The Curre...
𝐎𝐫𝐚𝐥 𝐏𝐚𝐩𝐞𝐫 𝐏𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 (𝐈𝐑𝐓𝐄𝐂 𝟐.𝟎-𝟐𝟎𝟐𝟒); The Curre...RAHUL PAL
 
Thakur35352024JPRI111654.pdf
Thakur35352024JPRI111654.pdfThakur35352024JPRI111654.pdf
Thakur35352024JPRI111654.pdfRAHUL PAL
 
THE CURRENT STATUS IN MUCOSAL DRUG DELIVERY SYSTEM (MDDS) AND FUTURE PROSPECT...
THE CURRENT STATUS IN MUCOSAL DRUG DELIVERY SYSTEM (MDDS) AND FUTURE PROSPECT...THE CURRENT STATUS IN MUCOSAL DRUG DELIVERY SYSTEM (MDDS) AND FUTURE PROSPECT...
THE CURRENT STATUS IN MUCOSAL DRUG DELIVERY SYSTEM (MDDS) AND FUTURE PROSPECT...RAHUL PAL
 
Design of Experiments (DoE) manipulation in the formulation and optimization ...
Design of Experiments (DoE) manipulation in the formulation and optimization ...Design of Experiments (DoE) manipulation in the formulation and optimization ...
Design of Experiments (DoE) manipulation in the formulation and optimization ...RAHUL PAL
 
The Utilization of 32 Full Factorial Design (FFD) for Optimization of Linco...
The Utilization of 32 Full Factorial  Design (FFD) for Optimization of  Linco...The Utilization of 32 Full Factorial  Design (FFD) for Optimization of  Linco...
The Utilization of 32 Full Factorial Design (FFD) for Optimization of Linco...RAHUL PAL
 
Determination of Partition coefficient of Known and Unknown drug.pdf
Determination of Partition coefficient of Known and Unknown drug.pdfDetermination of Partition coefficient of Known and Unknown drug.pdf
Determination of Partition coefficient of Known and Unknown drug.pdfRAHUL PAL
 
Pharmaceutical Suspension.ppt
Pharmaceutical Suspension.pptPharmaceutical Suspension.ppt
Pharmaceutical Suspension.pptRAHUL PAL
 
PHARMACEUTICAL SUPPOSITORIES & PESSARIES.ppt
PHARMACEUTICAL SUPPOSITORIES & PESSARIES.pptPHARMACEUTICAL SUPPOSITORIES & PESSARIES.ppt
PHARMACEUTICAL SUPPOSITORIES & PESSARIES.pptRAHUL PAL
 
Partition Coefficient Determination (Pharmaceutics Practical).pptx
Partition Coefficient Determination (Pharmaceutics Practical).pptxPartition Coefficient Determination (Pharmaceutics Practical).pptx
Partition Coefficient Determination (Pharmaceutics Practical).pptxRAHUL PAL
 
Research Methodology_UNIT_V_Declaration of Helsinki M. Pharm (IIIrd Sem.)
Research Methodology_UNIT_V_Declaration of Helsinki M. Pharm (IIIrd Sem.)Research Methodology_UNIT_V_Declaration of Helsinki M. Pharm (IIIrd Sem.)
Research Methodology_UNIT_V_Declaration of Helsinki M. Pharm (IIIrd Sem.)RAHUL PAL
 
The Utilization of Response Surface Methodology (RSM) In the Optimization of ...
The Utilization of Response Surface Methodology (RSM) In the Optimization of ...The Utilization of Response Surface Methodology (RSM) In the Optimization of ...
The Utilization of Response Surface Methodology (RSM) In the Optimization of ...RAHUL PAL
 
Research Methodology (M. Pharm, IIIrd Sem.)_UNIT_IV_CPCSEA Guidelines for Lab...
Research Methodology (M. Pharm, IIIrd Sem.)_UNIT_IV_CPCSEA Guidelines for Lab...Research Methodology (M. Pharm, IIIrd Sem.)_UNIT_IV_CPCSEA Guidelines for Lab...
Research Methodology (M. Pharm, IIIrd Sem.)_UNIT_IV_CPCSEA Guidelines for Lab...RAHUL PAL
 
MEDICAL RESEARCH: UNIT_III_ EUTHANASIA, COI, CONFIDENTIALITY RESEARCH METHODO...
MEDICAL RESEARCH: UNIT_III_ EUTHANASIA, COI, CONFIDENTIALITY RESEARCH METHODO...MEDICAL RESEARCH: UNIT_III_ EUTHANASIA, COI, CONFIDENTIALITY RESEARCH METHODO...
MEDICAL RESEARCH: UNIT_III_ EUTHANASIA, COI, CONFIDENTIALITY RESEARCH METHODO...RAHUL PAL
 
Biostatistics_Unit_II_Research Methodology & Biostatistics_M. Pharm (Pharmace...
Biostatistics_Unit_II_Research Methodology & Biostatistics_M. Pharm (Pharmace...Biostatistics_Unit_II_Research Methodology & Biostatistics_M. Pharm (Pharmace...
Biostatistics_Unit_II_Research Methodology & Biostatistics_M. Pharm (Pharmace...RAHUL PAL
 
(I) MEDICAL RESEARCH_ UNIT_III_RESEARCH METHODOLOGY & BIOSTATISTICS.pptx
(I) MEDICAL RESEARCH_ UNIT_III_RESEARCH METHODOLOGY & BIOSTATISTICS.pptx(I) MEDICAL RESEARCH_ UNIT_III_RESEARCH METHODOLOGY & BIOSTATISTICS.pptx
(I) MEDICAL RESEARCH_ UNIT_III_RESEARCH METHODOLOGY & BIOSTATISTICS.pptxRAHUL PAL
 
Research Article Published: "Optimization and formulation of dox loaded lipos...
Research Article Published: "Optimization and formulation of dox loaded lipos...Research Article Published: "Optimization and formulation of dox loaded lipos...
Research Article Published: "Optimization and formulation of dox loaded lipos...RAHUL PAL
 
Introduction to Pharmacy.pptx
Introduction to Pharmacy.pptxIntroduction to Pharmacy.pptx
Introduction to Pharmacy.pptxRAHUL PAL
 
Gas Chromatography in Analytical Analysis.pptx
Gas Chromatography in Analytical Analysis.pptxGas Chromatography in Analytical Analysis.pptx
Gas Chromatography in Analytical Analysis.pptxRAHUL PAL
 
Monoclonal Antibody-Preparation & Application - MPH201T.pptx
Monoclonal Antibody-Preparation & Application - MPH201T.pptxMonoclonal Antibody-Preparation & Application - MPH201T.pptx
Monoclonal Antibody-Preparation & Application - MPH201T.pptxRAHUL PAL
 

More from RAHUL PAL (20)

Niosome An Non-Ionic Surfactant Vesicles.pptx
Niosome An Non-Ionic Surfactant Vesicles.pptxNiosome An Non-Ionic Surfactant Vesicles.pptx
Niosome An Non-Ionic Surfactant Vesicles.pptx
 
𝐎𝐫𝐚𝐥 𝐏𝐚𝐩𝐞𝐫 𝐏𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 (𝐈𝐑𝐓𝐄𝐂 𝟐.𝟎-𝟐𝟎𝟐𝟒); The Curre...
𝐎𝐫𝐚𝐥 𝐏𝐚𝐩𝐞𝐫 𝐏𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 (𝐈𝐑𝐓𝐄𝐂 𝟐.𝟎-𝟐𝟎𝟐𝟒); The Curre...𝐎𝐫𝐚𝐥 𝐏𝐚𝐩𝐞𝐫 𝐏𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 (𝐈𝐑𝐓𝐄𝐂 𝟐.𝟎-𝟐𝟎𝟐𝟒); The Curre...
𝐎𝐫𝐚𝐥 𝐏𝐚𝐩𝐞𝐫 𝐏𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 (𝐈𝐑𝐓𝐄𝐂 𝟐.𝟎-𝟐𝟎𝟐𝟒); The Curre...
 
Thakur35352024JPRI111654.pdf
Thakur35352024JPRI111654.pdfThakur35352024JPRI111654.pdf
Thakur35352024JPRI111654.pdf
 
THE CURRENT STATUS IN MUCOSAL DRUG DELIVERY SYSTEM (MDDS) AND FUTURE PROSPECT...
THE CURRENT STATUS IN MUCOSAL DRUG DELIVERY SYSTEM (MDDS) AND FUTURE PROSPECT...THE CURRENT STATUS IN MUCOSAL DRUG DELIVERY SYSTEM (MDDS) AND FUTURE PROSPECT...
THE CURRENT STATUS IN MUCOSAL DRUG DELIVERY SYSTEM (MDDS) AND FUTURE PROSPECT...
 
Design of Experiments (DoE) manipulation in the formulation and optimization ...
Design of Experiments (DoE) manipulation in the formulation and optimization ...Design of Experiments (DoE) manipulation in the formulation and optimization ...
Design of Experiments (DoE) manipulation in the formulation and optimization ...
 
The Utilization of 32 Full Factorial Design (FFD) for Optimization of Linco...
The Utilization of 32 Full Factorial  Design (FFD) for Optimization of  Linco...The Utilization of 32 Full Factorial  Design (FFD) for Optimization of  Linco...
The Utilization of 32 Full Factorial Design (FFD) for Optimization of Linco...
 
Determination of Partition coefficient of Known and Unknown drug.pdf
Determination of Partition coefficient of Known and Unknown drug.pdfDetermination of Partition coefficient of Known and Unknown drug.pdf
Determination of Partition coefficient of Known and Unknown drug.pdf
 
Pharmaceutical Suspension.ppt
Pharmaceutical Suspension.pptPharmaceutical Suspension.ppt
Pharmaceutical Suspension.ppt
 
PHARMACEUTICAL SUPPOSITORIES & PESSARIES.ppt
PHARMACEUTICAL SUPPOSITORIES & PESSARIES.pptPHARMACEUTICAL SUPPOSITORIES & PESSARIES.ppt
PHARMACEUTICAL SUPPOSITORIES & PESSARIES.ppt
 
Partition Coefficient Determination (Pharmaceutics Practical).pptx
Partition Coefficient Determination (Pharmaceutics Practical).pptxPartition Coefficient Determination (Pharmaceutics Practical).pptx
Partition Coefficient Determination (Pharmaceutics Practical).pptx
 
Research Methodology_UNIT_V_Declaration of Helsinki M. Pharm (IIIrd Sem.)
Research Methodology_UNIT_V_Declaration of Helsinki M. Pharm (IIIrd Sem.)Research Methodology_UNIT_V_Declaration of Helsinki M. Pharm (IIIrd Sem.)
Research Methodology_UNIT_V_Declaration of Helsinki M. Pharm (IIIrd Sem.)
 
The Utilization of Response Surface Methodology (RSM) In the Optimization of ...
The Utilization of Response Surface Methodology (RSM) In the Optimization of ...The Utilization of Response Surface Methodology (RSM) In the Optimization of ...
The Utilization of Response Surface Methodology (RSM) In the Optimization of ...
 
Research Methodology (M. Pharm, IIIrd Sem.)_UNIT_IV_CPCSEA Guidelines for Lab...
Research Methodology (M. Pharm, IIIrd Sem.)_UNIT_IV_CPCSEA Guidelines for Lab...Research Methodology (M. Pharm, IIIrd Sem.)_UNIT_IV_CPCSEA Guidelines for Lab...
Research Methodology (M. Pharm, IIIrd Sem.)_UNIT_IV_CPCSEA Guidelines for Lab...
 
MEDICAL RESEARCH: UNIT_III_ EUTHANASIA, COI, CONFIDENTIALITY RESEARCH METHODO...
MEDICAL RESEARCH: UNIT_III_ EUTHANASIA, COI, CONFIDENTIALITY RESEARCH METHODO...MEDICAL RESEARCH: UNIT_III_ EUTHANASIA, COI, CONFIDENTIALITY RESEARCH METHODO...
MEDICAL RESEARCH: UNIT_III_ EUTHANASIA, COI, CONFIDENTIALITY RESEARCH METHODO...
 
Biostatistics_Unit_II_Research Methodology & Biostatistics_M. Pharm (Pharmace...
Biostatistics_Unit_II_Research Methodology & Biostatistics_M. Pharm (Pharmace...Biostatistics_Unit_II_Research Methodology & Biostatistics_M. Pharm (Pharmace...
Biostatistics_Unit_II_Research Methodology & Biostatistics_M. Pharm (Pharmace...
 
(I) MEDICAL RESEARCH_ UNIT_III_RESEARCH METHODOLOGY & BIOSTATISTICS.pptx
(I) MEDICAL RESEARCH_ UNIT_III_RESEARCH METHODOLOGY & BIOSTATISTICS.pptx(I) MEDICAL RESEARCH_ UNIT_III_RESEARCH METHODOLOGY & BIOSTATISTICS.pptx
(I) MEDICAL RESEARCH_ UNIT_III_RESEARCH METHODOLOGY & BIOSTATISTICS.pptx
 
Research Article Published: "Optimization and formulation of dox loaded lipos...
Research Article Published: "Optimization and formulation of dox loaded lipos...Research Article Published: "Optimization and formulation of dox loaded lipos...
Research Article Published: "Optimization and formulation of dox loaded lipos...
 
Introduction to Pharmacy.pptx
Introduction to Pharmacy.pptxIntroduction to Pharmacy.pptx
Introduction to Pharmacy.pptx
 
Gas Chromatography in Analytical Analysis.pptx
Gas Chromatography in Analytical Analysis.pptxGas Chromatography in Analytical Analysis.pptx
Gas Chromatography in Analytical Analysis.pptx
 
Monoclonal Antibody-Preparation & Application - MPH201T.pptx
Monoclonal Antibody-Preparation & Application - MPH201T.pptxMonoclonal Antibody-Preparation & Application - MPH201T.pptx
Monoclonal Antibody-Preparation & Application - MPH201T.pptx
 

Recently uploaded

Auditorium Session 3 - Resilience - Financial Resilience and Collaboration
Auditorium Session 3 - Resilience - Financial Resilience and CollaborationAuditorium Session 3 - Resilience - Financial Resilience and Collaboration
Auditorium Session 3 - Resilience - Financial Resilience and CollaborationMuseums Galleries Scotland
 
Auditorium Session 2 - Workforce - Diversity/Skills & Confidence
Auditorium Session 2 - Workforce - Diversity/Skills & ConfidenceAuditorium Session 2 - Workforce - Diversity/Skills & Confidence
Auditorium Session 2 - Workforce - Diversity/Skills & ConfidenceMuseums Galleries Scotland
 
TheSimpsons_Fandom_Assignment_4.5pc.pptx
TheSimpsons_Fandom_Assignment_4.5pc.pptxTheSimpsons_Fandom_Assignment_4.5pc.pptx
TheSimpsons_Fandom_Assignment_4.5pc.pptxStevenLuker3
 
IE Application: Express Yourself - Sofia Merizalde
IE Application: Express Yourself - Sofia MerizaldeIE Application: Express Yourself - Sofia Merizalde
IE Application: Express Yourself - Sofia Merizaldesofiamerizaldev
 
Garcia_RobertDaniel_SPCSTA_PB1_2024-02.pptx
Garcia_RobertDaniel_SPCSTA_PB1_2024-02.pptxGarcia_RobertDaniel_SPCSTA_PB1_2024-02.pptx
Garcia_RobertDaniel_SPCSTA_PB1_2024-02.pptx0461620
 
Freeman_Abigail Personal Brand Exploration
Freeman_Abigail Personal Brand ExplorationFreeman_Abigail Personal Brand Exploration
Freeman_Abigail Personal Brand Explorationabbytoliver
 
Issues affecting LGBT as they grow older.pptx
Issues affecting LGBT as they grow older.pptxIssues affecting LGBT as they grow older.pptx
Issues affecting LGBT as they grow older.pptxbill846304
 
Relationships in Teaching By Dr. Cherinet Aytenfsu Weldearegay (2023).pdf
Relationships in Teaching By Dr. Cherinet Aytenfsu Weldearegay (2023).pdfRelationships in Teaching By Dr. Cherinet Aytenfsu Weldearegay (2023).pdf
Relationships in Teaching By Dr. Cherinet Aytenfsu Weldearegay (2023).pdfDr. Cherinet Aytenfsu Weldearegay
 
Monthly HSE Report March for overall HSE
Monthly HSE Report March for overall HSEMonthly HSE Report March for overall HSE
Monthly HSE Report March for overall HSEOlgaOliveaJohn
 
Exploring Wisdom-Based Leadership.pptx
Exploring Wisdom-Based Leadership.pptxExploring Wisdom-Based Leadership.pptx
Exploring Wisdom-Based Leadership.pptxAkash Das
 
Instructional Supervision - By Dr. Cherinet Aytenfsu Weldearegay.pdf
Instructional Supervision - By Dr. Cherinet Aytenfsu Weldearegay.pdfInstructional Supervision - By Dr. Cherinet Aytenfsu Weldearegay.pdf
Instructional Supervision - By Dr. Cherinet Aytenfsu Weldearegay.pdfDr. Cherinet Aytenfsu Weldearegay
 

Recently uploaded (13)

Auditorium Session 3 - Resilience - Financial Resilience and Collaboration
Auditorium Session 3 - Resilience - Financial Resilience and CollaborationAuditorium Session 3 - Resilience - Financial Resilience and Collaboration
Auditorium Session 3 - Resilience - Financial Resilience and Collaboration
 
Auditorium Session 2 - Workforce - Diversity/Skills & Confidence
Auditorium Session 2 - Workforce - Diversity/Skills & ConfidenceAuditorium Session 2 - Workforce - Diversity/Skills & Confidence
Auditorium Session 2 - Workforce - Diversity/Skills & Confidence
 
TheSimpsons_Fandom_Assignment_4.5pc.pptx
TheSimpsons_Fandom_Assignment_4.5pc.pptxTheSimpsons_Fandom_Assignment_4.5pc.pptx
TheSimpsons_Fandom_Assignment_4.5pc.pptx
 
Tethex Cards - Crypto VISA Card - Invest 2 ENGLISH
Tethex Cards - Crypto VISA Card - Invest 2 ENGLISHTethex Cards - Crypto VISA Card - Invest 2 ENGLISH
Tethex Cards - Crypto VISA Card - Invest 2 ENGLISH
 
IE Application: Express Yourself - Sofia Merizalde
IE Application: Express Yourself - Sofia MerizaldeIE Application: Express Yourself - Sofia Merizalde
IE Application: Express Yourself - Sofia Merizalde
 
Auditorium Session 1 - Connection - Inclusion
Auditorium Session 1 - Connection - InclusionAuditorium Session 1 - Connection - Inclusion
Auditorium Session 1 - Connection - Inclusion
 
Garcia_RobertDaniel_SPCSTA_PB1_2024-02.pptx
Garcia_RobertDaniel_SPCSTA_PB1_2024-02.pptxGarcia_RobertDaniel_SPCSTA_PB1_2024-02.pptx
Garcia_RobertDaniel_SPCSTA_PB1_2024-02.pptx
 
Freeman_Abigail Personal Brand Exploration
Freeman_Abigail Personal Brand ExplorationFreeman_Abigail Personal Brand Exploration
Freeman_Abigail Personal Brand Exploration
 
Issues affecting LGBT as they grow older.pptx
Issues affecting LGBT as they grow older.pptxIssues affecting LGBT as they grow older.pptx
Issues affecting LGBT as they grow older.pptx
 
Relationships in Teaching By Dr. Cherinet Aytenfsu Weldearegay (2023).pdf
Relationships in Teaching By Dr. Cherinet Aytenfsu Weldearegay (2023).pdfRelationships in Teaching By Dr. Cherinet Aytenfsu Weldearegay (2023).pdf
Relationships in Teaching By Dr. Cherinet Aytenfsu Weldearegay (2023).pdf
 
Monthly HSE Report March for overall HSE
Monthly HSE Report March for overall HSEMonthly HSE Report March for overall HSE
Monthly HSE Report March for overall HSE
 
Exploring Wisdom-Based Leadership.pptx
Exploring Wisdom-Based Leadership.pptxExploring Wisdom-Based Leadership.pptx
Exploring Wisdom-Based Leadership.pptx
 
Instructional Supervision - By Dr. Cherinet Aytenfsu Weldearegay.pdf
Instructional Supervision - By Dr. Cherinet Aytenfsu Weldearegay.pdfInstructional Supervision - By Dr. Cherinet Aytenfsu Weldearegay.pdf
Instructional Supervision - By Dr. Cherinet Aytenfsu Weldearegay.pdf
 

Product Management- Inventroy Management and Controls.pptx

  • 1. PRODUCT MANAGEMENT: PRODUCTION ORGANIZATION MATERIAL MANAGEMENT, INVENTORY MANAGEMENT AND CONTROL SUBMITTED BY: PRACHI PANDEY, RAHUL PAL SUBMITTED TO: DR. HIMMAT SINGH CHAWRA M. PHARM (PHARMACEUTICS) NIMS INSTITUTE OF PHARMACY, NIMS UNIVERSITY, JAIPUR
  • 2. CGMP (CURRENT GOOD MANUFACTURING PRACTICE  CGMP refers to Current Good Manufacturing Practice (CGMP) regulations enforced by US FDA.  Current Good Manufacturing Practices are the methods to be used in, the facilities or controls to be used for, the manufacturing, processing. packaging or holding of a drug to assure that such drug meets the requirements of the act, and has the identity and strength and meets the quality and purity characteristics that is represented to possess.
  • 3. OBJECTIVES OF CGMP  Ensure that products are consistently manufactured and controlled to the specified quality.  Concerned with all aspects of production and quality control.  In the manufacture of cosmetic products, overall control and monitoring  Ensure that the consumer receives products of specified quality.  The quality of a product depends on the starting materials, production and quality control processes, building, equipment and personnel involved.  CGMP regulations assures the identity, strength, quality and purity of drug products
  • 4. PRODUCT MANAGEMENT: MATERIAL MANAGEMENT Definition: “It is an organizational concept which has the authority & responsibility of all actives principally concerned with the flow of materials for the organization”.  Material management works continuously with production, marketing, sales & quality control.  It has the responsibility of determining the amount of inventory & its accountability.  It is concerned with planning, directing & controlling the kind, amount, location, movement of the various flows of materials used in & produced by a business enterprise.
  • 5. FUNCTION OF MATERIAL MANAGEMENT  Material planning & programming.  Simplification, standardization & value analysis.  Inventory control & management.  Purchasing of materials in desired quantities without delays.  Receiving of incoming materials.  Storage, preservation & administration of materials.  Production planning & scheduling.  Disposing of rejects & obsolete materials, Improving operation efficiency through training.
  • 6. MATERIALS - QUALITY & QUANTITY  Four factors are considered to be essential...  Quality  Quantity  Price  Delivery date
  • 7. INVENTORY MANAGEMENT DEFINITION: “The 'inventory' can be defined as stock of items (includes raw materials, in process goods, finished goods, packaging, & other spares) in order to meet an unexpected demand/ distribution in the future.” (OR) “Inventory is defined as an itemized list of goods with their estimated worth, specifically, annual account of stock taken in any business.”
  • 8. CLASSIFICATION OF INVENTARY  PRODUCTION INVENTORY : Special items manufactured to company specification.  MRO INVENTORY: Maintenance, repair & operating supplies which is consumed in production process. Do not become part of the product.  IN-PROCESS INVENTORY: Semi finished products found at various stages in the production operation.  FINISHED GOODS INVENTORY: Complete product ready for shipment. PRODUCTI ON MRO IN- PROCESS FINISHED GOOD
  • 9. OBJECTIVES  To reduce dependence of one another  To enable each organization schedule its operation independently of another.  To reduce material handling costs.  To obtain a reasonable utilization of people & equipment.  Maximize customer service, Longer production runs  Flexibility in production scheduling.  To avoid stock out and shortage.
  • 10. BENEFITS  Inventory control ensures an adequate supply of material & stores, minimizes stock out & shortage & avoid costly interruption.  It keeps down the investment in inventory.  Eliminate duplication in ordering / replenishing stocks.  better utilization of available stocks by facilitating inter-dept transfer within a company  Serves as means for the location and disposition of inactive & obsolete item of services.  provide a consistent and reliable basis for preparing financial statement
  • 11. INVENTORY COSTS  Cost factors must be considered while taking any decision regarding inventories.  Includes ordering costs, carrying cost, out of stock/shortage cost and set up cost. ORDERING COST:  Costs of placing an order with a vendor of material such as preparing a purchase order (receiving and ordering calls), processing payments (typing costs), transportation, receiving & inspecting the material.  This cost does not depend on or vary on the number ordered.
  • 12.  CARRYING COSTS/HOLDING COST  Costs connected directly with material such as deterioration, pilferage, storage facilities, obsolescence.  Financial costs includes taxes, insurance , handling charges & interest  OUT OF STOCK/SHORTAGE COST Back ordering 1. Lost sales 2. Customers goodwill  COST OF ITEM: Direct cost of item  SET UP COST:  It include production charge- equipment change over , report preparation etc.
  • 13. ROLE OF PHARMACIST IN DRUG PROCUREMENT  The hospital pharmacist should be in collaboration with the purchase officer, assuming the following duties:  Maintaining a list of names, addresses, and telephone numbers of drug manufacturers, wholesalers and local representatives.  Preparing detailed specifications for drugs, chemicals, and biologicals.  Preparing request for purchase form.  Preparing receipt memo, if the drugs are received directly by the pharmacy.  Preparing return goods memo whenever applicable.
  • 14. TECHNIQUES IN INVENTORY MANAGEMENTABC  ABC Analysis  VED Analysis  EOQ Analysis  Perpetual Inventory System  Lead time  Buffer Stock
  • 15. ABC (ALWAYS BETTER CONTROL)  “Always Better Control”  It is an inventory categorization method used for the analysis of range of items that have different levels of significance and should be controlled  As per the analysis, the inventories is grouped into 3 categories based on cost of the material and money value of consumptions
  • 17. VED ANALYSIS  This system is based on utility of the material.  The different brands of the drug formulation is classified as: V=VITAL ITEMS E-ESSENTIAL ITEMS D-DESIRABLE ITEMS  Vital Items:  They are very useful and important in daily patient care.  Maximum levels of such drugs should be maintained always in order to have a continuous supply VITAL ITEMS ESSENTIAL ITEMS DESIRABLE ITEMS
  • 18.  Essential items:  These are such items which can affect the pharmacy services to some extent. They require a lesser stock level when compared to vital drugs.  Essential items are those items whose stock-out cost is very high for the company.  Desirable items:  These are required by the pharmacy but they do not effect the quality of service to the patient.  Desirable items are those items whose stock-out or shortage causes only a minor disruption for a short duration in the production schedule.
  • 19. EOQ ANALYSIS  EOQ is the quantity of materials to be ordered at one time, which minimizes the cost.  The correct quantity to buy is the quantity at which the ordering cost and inventory cost is minimum. EOQ = √2AB/C Where, A- Annual requirement B- Ordering cost C- Carrying cos
  • 20. PERPETUAL INVENTORY SYSTEM The method of recording the store balance after every receipt and issue to facilitate regular checking and to prevent closing down for stock taking.  It comprises of: 1.BIN CARD 2.STORE LEDGER 3.CONTINUOUS STOCK TAKING  BIN CARD:  Is a document maintained by the store keeper in his store, It serves the purpose of ready reference.
  • 21.  STORE LEDGER:  It is kept in the accounting department.  Generally maintained in form of loose leaf cards, so that they can be easily removed and inserted.  CONTINUOUS STOCK TAKING:  Only a limited no. of items are verified on a day.  Selection of the item should be such that each item gets checked at least a certain no. of times in a year. and checking is evenly distributed during the period.
  • 22. BUFFER STOCK  Is used in emergency to meet the unseen demands ,i.e, the minimum quantity of particular item which must be kept in the stock at all the time.  Buffer stock needs the following factors to be taken into consideration like: lead time nature of items, rate of consumption availability of substance re-order level stock out cost