Material managament in hospital pharmacy

1. SUBMITTED BY:
ANUGNA KURAPATI
( IV Pharm-D )
14AB1T0002
SUBMITTED TO:
SEMINAR COMMITTEE
UNDER THE GUIDANCE OF
DR.G. RAMESH
DEPARTMENT OF HOSPITAL PHARMACY

3. CONTENTS
• Definition
• Aims
• Purpose of material management
• Objectives of material management
• Economy in material management
• Basic needs & basic principles of material management
• Elements of material management

4. Aims of material
management:
To get:
 The right quality
 Right quality of supplies
 At the right time
 At the right place
 For the right cost

5. Purpose of material
management:
 To gain economy in
purchasing
 To satisfy the demands
during period of
replenishment
 To carry reserve stock to
avoid stock out
 To stabilize fluctuations in
consumption
 To provide reasonable level
of client services

6. Primary Secondary
Right price & high turn over Forecasting
low procurement & storage cost Inter – departmental harmony
Continuity of supply Product improvement
Consistency in quality Standardization
Good supplier relationships Make or buy decision
Development of personnel New materials & products
Good information system Favourable reciprocal
relationships
Objectives of material management

7. Economy in material management:
 Containing the costs
 Instilling efficiency in all activities
Four basic needs of material management:
 To have adequate materials on hand when needed
 To pay the lowest possible prices, consistent with
quality and value requirement for purchase materials
 To minimize the inventory investment
 To operate efficiently

8. Basic principles of material management:
1. Effective management & supervisions.
It depends upon managerial functions of
Planning
Organizing
Directing
Controlling
Reporting
Budgeting
2. Sound purchasing methods
3. Skill full & hard poisoned negotiations
4. Effective purchase system
5. Should be simple
6. Must not increase other costs
7. Simple inventory control programme

9. Planning:
In organizations, planning is a management
process, concerned with defining goals
for company's future direction and determining
on the missions and resources to achieve those
targets.
To meet the goals, managers may
develop plans such as a business plan or a
marketing plan.
Budget:
A quantity of written or printed material

10. Elements of material management
 Demand estimation
 Identify the needed items
 Calculated from the trends in
consumption during last 2years
 Review with resource constraints
Conclusion:
Balance between demand & supply of
materials aids in better material management

11. References:
 https://www.omnicell.com/Solutions/Supply_Chain-
Materials_Management.aspx
 https://www.mbaskool.com › Concepts › Operations and Supply
Chainhttps://www.omnicell.com/Solutions/Supply_Chain
 Materials_Management.aspx