Inventory management is a humungous task for all business corporations. Inventory management helps with adequate supply change management. Medicine Inventory Management by ABC-VED Analysis in the Pharmacy Store of Veterinary Hospital, Yogyakarta, Indonesia: Ida Fitriana, Raden Gagak Donny Satria and Dwi Cahyo Budi Setiawan: Abstract: Background and Objective: A good inventory control will support and accelerate the availability of drug services provided. ABC analysis, known as better control analysis, is an inventory management … In fact, in the inventory control of spare parts and components it is advisable, for the organization to use a combination of ABC and VED Analysis. Short Notes # VED Analysis: VED stands for vital, essential and desirable. ABC analysis. Inventory management is a collection of tools, techniques, and strategies for storing, tracking, delivering, and ordering inventory or stock. ABC; VED Analysis; Inventory Control; Inventory Management . ADVERTISEMENTS: VED Analysis, SDE Analysis and FSN Analysis! The spares are split into three categories in order of importance. Consumption value is the total value of an item consumed over a specified time period, for example a year. 'E' stands for essential in other words, it can wait for some time. Such control system would be found to be more effective and meaningful. 'V' stands for vital in other words, we have to keep stocks. ABC analysis is an approach for classifying inventory items based on the items’ consumption values. A large amount of capital, if not the majority of a company’s capital is wrapped up in their inventory. Techniques in Inventory Control. The cost incurred is very nominal. From the … The always, better and control (ABC) analysis… Efficient priority setting, de-cision making in purchase and … This analysis relates to the classifica­tion of maintenance spare parts and denotes the essentiality of stocking spares. We use various types of analysis in stores inventory. ABC analysis is the analysis of the store items cost … This requires effective and efficient manage-ment of the medical stores. The data was collected for the financial year 2006-2007. INTRODUCTION . With the proper inventory management methods and Materials are in place, and companies enjoy the benefits of strategic cost management. 'D' for desirable in other words, it can run … Such control system would be found to be more effective and meaningful. Approximately 35.0% of annual hospitals budget is spent on buying materials and supplies, including medi-cines [1]. VED Analysis is very useful to categorize items of spare parts and components. ABC Analysis (Always Better Control) VED Analysis (Vital, Essential, Desirable) HML Analysis (High, Medium, Low) FSN Analysis (Fast, Slow moving and Non-moving) SDE Analysis (Scarce, Difficult, Easy) ABC Analysis. In fact, in the inventory control of spare parts and components it is advisable, for the organization to use a combination of ABC and VED Analysis. Design: Inventory control techniques ABC, VED and ABC-VED matrix analysis were utilized to study the drug expenditure at the health centre. VED Analysis is very useful to categorize items of spare parts and components. Inventory management … 1. Basically 'VED' analysis used to stock spare parts for the maintenance of Plant & Machinery. An inventory management system is the combination of technology (hardware and software) and processes and procedures that oversee the monitoring and maintenance of stocked products, whether those products are company assets, raw materials and supplies, or finished products ready to be sent to vendors or end consumers. 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