ABC and VED Analysis of Medical Materials of a General Military Hospital in Greece. (March 2017)

• Record Type: Journal Article
• Authors: Antonoglou, Dimitrios; Kastanioti, Catherine; Niakas, Dimitris
• Is Part Of: Journal of health management. Volume 19:Number 1(2017:Mar.)
• Page Start: 170
• Page End: 179
• Publication Date: 2017-03
• Subjects: Costing -- cost-analysis techniques -- ABC analysis -- VED analysis -- stock-supplies management; Health services administration -- India -- Periodicals; 362.1068
• DOI: 10.1177/0972063416682643
• Languages: English
• ISSNs: 0972-0634

Abstract

ABC and VED analysis of a General Military Hospital of Athens was conducted in order to highlight expensive medical products, as a management tool. The annual consumption and expenditure incurred on each product for the year 2012 was analyzed and inventory control techniques were applied. ABC analysis revealed 5, 15 and 80 per cent products as A, B and C category products, respectively, accounting for 52, 28 and 20 per cent of annual expenditure. VED analysis showed 420, 689 and 2, 101 products as V, E and D category products out of 3, 210 products.