This document discusses multiple inventory control techniques called MBASIC analysis. MBASIC analysis involves classifying inventory items into categories based on various factors like consumption rate, value, supply sources, and criticality. This allows management to focus control efforts on important items like consumables while requiring less oversight of unimportant items. Some specific MBASIC techniques discussed include A-B-C analysis, V-E-D analysis, F-M-S analysis, and using classifications like seasonal vs off-seasonal. The goal of MBASIC is to effectively manage inventory levels and ordering to maintain adequate stock levels at optimal costs.
2. INVENTORY CONTROL
• It is planning, ordering and scheduling of
material.
• Right quantity of material available at right
time.
• Systematic control over purchasing, storing
and using of material.
3. FUNCTIONS
• Effective use of financial resources.
• Protection against all material losses.
• Proper calculation of cost of production.
• Keep the ball of production bouncing.
• Economies in purchasing.
• Eliminates redundant inventory.
• Keeping prompt delivery to the
customers
4. SCOPE
• Formulation of relevant policies
• Determining economic order
quantity
• Determining lead time
• Minimization of material-handling
and storage cost
• Ascertaining Safety Stock
5. MBASIC
• Effective managerial time is spent on more
important materials.
• Concentrating on all items will dilute the effect
on all the control process.
• MBASIC is a innovative control technique
which helps to achieve an effective inventory.
• This analytical management tool enables the
management to concentrate its effort for
better result.
6. APPROACH TO DRUGS
• It is an approach that utilises monthly data
in the form of-
value of consumption of each drug
value of drugs in storage
relative value of unit prices
consumption patterns
supply sources
• It also reveals measure of inventory
importance of each drug & provide the best
control as per the investment.
7. METHODS OF MBASIC
• There are some selective inventory control
methods to have an effective control on the
inventory.
1. A-B-C Analysis
2. V-E-D Analysis
3. F-M-S Analysis
4. S-D-E Analysis
5. H-M-L Analysis
6. G-O-L-F Analysis
7. X-Y-Z Analysis
8. A-B-C ANALYSIS
• Always Better Control
• Technique is based on importance
• Maximum overall protection
• Checked & prepared weekly or monthly
CATEGORY
1.A
(High cost)
2.B
(Medium cost)
3.C
(lower cost)
%OF ITEMS
10
20
70
% OF VALUE
70
20
10
9. CLASSIFICATION OF DRUGS
• On the basis of monthly consumption.
• Individual drug with its monthly
consumption is listed out.
• List is rearranged in descending order.
• High (A), moderate (B), low (C)
consumption drugs are identified.
• Exact cut-off for A-B-C classification will
vary,depending on the situation.
11. INVENTORY
A
• ph electrode
• Finger clips
•Lamp HTI
halogen
•Sample
detector
•Micro switch
B
•Foot switch
L&T
•Fuse
•Heat sink
•Push button
•Bipolar foot
switch martin
C
•Transistor
power
•Sample
needle
•Tubing kit
•Teflon tape
•Toilet soap
•Pencil cells
•Washing
powder
12. V-E-D ANALYSIS
• Vital Essential Desirable
• Applicable for spare parts
• Based on price, availability
• V items large volume of stocks
• D items no stock
• For V items of A classification
13. CLASSIFICATION OF DRUGS
• On the criticality of drug
• Criticality on the basis of recommendations
by a panel of doctors.
• Doctors are interviewed and the collected
information is processed.
• Degree of importance & control
procedures reduces from vital drugs to
desirable drugs.
14. CONT..
V
•Appears in all
categories
•Stocked in
abundance
•Non -
availability
can’t be
tolerated
E
•Appears in
vital &
essential
•Stocked in
medium
amounts
•Can be
tolerated for
2-3 days
D
•Appears in
vital &
desirable
•Stocked in
small amounts
•Can be
tolerated for
long period
16. F-M-S
• Fast Medium Slow
• Based on rate of consumption
• Some stock have much higher annual usage
value than others.
• After doing cost analysis, stock items are
separated into three categories.
• It has been designed mainly for wholesale
and distribution environment.
17. CLASSIFICATION OF DRUGS
• On the basis of monthly consumption
patterns of drugs.
• No. of individual drug consumed in month is
listed & its distribution studied.
• Then drugs are classified as fast medium &
slow moving.
19. X-Y-Z
• Individual drug’s stock value at the month’s
end is listed.
• Rearranged in descending order of value
• X-high inventory value
• Y-moderate inventory value
• Z-low inventory value
• This analysis reveals how extensively the
drugs have been stocked & their usage.
20. INVENTORY
X
•Imaging film
•X-ray film
•Blood bag
•Acetate fluid
•Guide wire
•Lead goggles
Y
•ECG
recording
paper
•A.V fistula
needle
•E.C.G roll
•Suction
tubing
•dilator
Z
•Rectified
spirit
•Microbar
solution
•E.C.G jelly
•Syringes
glasses
•Re breathing
bag
21. H-M-L
• High Medium Low
• Based on unit value & not the annual
consumption value
• H- unit value > 1000
• M- unit value 100 to 1000
• L- unit value < 100
22. CLASSIFICATION OF DRUGS
• On the basis of the unit price of drugs.
• Each drug consumed monthly is listed with
its latest price.
• Distribution of prices is done for classifying
drugs as high, medium, low cost drugs.
• this analysis will enable the management
to design appropriate purchase procedures
& decide to purchase the drugs.
23. INVENTORY
H
• ph electrode
•Sample
detector
•Lamp HTI
•Program
switch group
M
•Finger clips
•Heat sink BG
•Photo
conductor s
neon
•Sample
needle
•Tubing kit
L
•Halogen lamp
•Fuse
•Transistor
power
•Lubricating
oil
•Colin spray
•Teflon tape
24. G-O-L-F
• Government –Open-Local-Foreign market
• It is based on the basis of the source of
supply
• Drugs are classified according to the
nature of supplier
• Determines the continuity of supply, lead
time & payment procedures.
• Quality,quantity & continuity of supply is
better in open market.
• Moderate lead time in govt.& long lead time
in foreign market.
26. S-D-E
• Scarce Difficult Easy
S
•Cysgen inj
D
•Component
collection kit
of blood
sugar,uric
acid,urea
E
•CBP sets
•Thyroxine
test set
27. S-O-S
• Seasonal -Off Seasonal
S
•Antimalarial
•Antidiarrhoel
•Elective surgeries
OS
•Antihypertensive
•Diabetic drugs
•Antibiotics
•Emergencies
28. CONCLUSION
• MBASIC analysis is-
• To place orders frequently keeping the
stock low for high value and more used
items.
• To place orders less frequently keeping
sufficient stock for low valued and low
consumed items.