Inventory Management in Pharmacy Practice: A Review of Literature.

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	Permanent Link:	http://ufdc.ufl.edu/IR00000704/00001

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	Title:	Inventory Management in Pharmacy Practice: A Review of Literature.
	Series Title:	Ali AK. Inventory Management in Pharmacy Practice: A Review of Literature. Archives of Pharmacy Practice. 2011;2(4):151-156.
	Physical Description:	Journal Article
	Creator:	Ayad K Ali
	Publisher:	Archives of Global Professionals
	Place of Publication:	United Kingdom
	Publication Date:	December 2012

Notes
	Abstract:	In pharmacy operations, inventory is referred to as the stock of pharmaceutical products retained to meet future demand. Inventory represents the largest asset in pharmacy practice, and its value continues to rise because of the growth in variety and cost of pharmaceutical products. From both financial and operational perspectives, efficient inventory management plays a great role in pharmacy practice. Inventory management aims at reducing procurement and carrying costs, while maintaining an effective stock of products to satisfy customer and prescriber demands. The author reviews methods of inventory management in pharmacy practice, and highlights approaches by which the process of inventory management is evaluated. Factors affecting inventory management, including the role of information technology, are summarized. The author outlines, with recommendations, the impact of inventory mismanagement on patient safety.
	Acquisition:	Collected for University of Florida's Institutional Repository by the UFIR Self-Submittal tool. Submitted by Ayad K Ali.
	Publication Status:	In Press

Record Information
	Source Institution:	University of Florida Institutional Repository
	Holding Location:	University of Florida
	Rights Management:	All rights reserved by the source institution.
	System ID:	IR00000704:00001

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