ABC and VED Analysis of Imam Reza Educational Hospital Pharmacy

The ABC and VED (i.e. vital, essential, desirable) analysis of the pharmacy of Imam Reza Educational Hospital was carried out to determine the categories of medicines, which necessitate strict control. The annual consumption and cost of each item of medicine for the year 2016 were analyzed and cost control programs, i.e. ABC, VED, and ABC-VED matrix analysis, were used. The drug formulary of the pharmacy included 597 items. The annual drug expenditure on items issued was 13 108,365,188 Rials. The ABC analysis showed that 5.7%, 11.2%, and 83.1% of items belonged to category A, B, and C, respectively, conforming 74.873%, 20.089%, and 5.038% of ADE of the pharmacy. The VED analysis revealed 10.55%, 19.43%, and 70.02% of items as V, E, and D category items, respectively, conforming 23.20%, 47.91%, and 28.89% of ADE of the pharmacy. On ABC-VED matrix analysis, 15.24%, 20.44%, and 63.32% of items were defined to be category I, II, and III items, respectively, conforming 83.76%, 13.54%, and 2.70% of ADE of the pharmacy. In conclusion, scientific inventory management tools are needed to be applied on a routine basis for efficient management of pharmacy stores, as they contribute improvement in patient care and judicious use of resources