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What is ABC and VED analysis at PHC are done for: and explain in detail?
Ans: A. Drug inventoryABC and VED analysis at PHC are done for drug inventory.Inventory control is a scientific system which indicates as to what to order, when to order, and how much to order, and how much to stock so that purchasing costs and storing costs are kept as low as possible.It helps to protect against the fluctuation in supply and demand, unceainty and minimise waiting time.There are various methods involved for inventory control but two are commonly used: Always, better and control (ABC) and vital, essential and desirable (VED).