Mutiple basic approach selective controls
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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.
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Mutiple basic approach selective controls
- 1. MUTIPLE BASIC APPROACH SELECTIVE CONTROLS PREPARED & PRESENTED BY- AWANTIKA DIWAN MBA (HA&HC)
- 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.
- 10. CONT.. A •Careful control •Top management •Follow-up daily or weekly •No lead time B •Moderate control •Middle management •Monthly •Can be lead time C •Normal control •Lower management •Once in 3 months •Mostly lead time
- 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
- 15. INVENTORY V •Defibrillator •Cardiac monitor •Ventilator •Actilase •Morphine •V belts •Bearings •Connector pipes E •haemodyliser •Veinous section set •Standby power set •Antimalarial •Sedatives •Thermometer •Fuses •Flow meters D •Other equipment •Extra linen •IV fluids •Cetrizine •Syringes
- 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.
- 18. INVENTORY F •Crocin •Digene •Ciprofloxin •Brufen •Becosules tablets •Fuses •Bearings •connector M •Euroflox •Cloxicillin •Nitrepen •Glynase •Fuses •Flow meters •V belts S •Actilase inj •Cifran •Brufen •Amoxycillin •Thermometer •Container •Gauges-X
- 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.