5-year inventory management of drug products using ABC-VEN analysis in the pharmacy store of a specialized public hospital in Vietnam

Abstract

In developing economies, expenses of healthcare delivery have risen disproportionally to the monetary backing supplied by the federal government. However, issues relating to inventory control alongside regulating the pharmaceutical market have been recognized. We conducted a systematic categorization based on ABC and VEN analysis for available drugs at Can Tho Dermatological Hospital (CTDH) from 2016–2020, thereby making evidence-based recommendations for public authorities to attain rationality in monitoring the stock supply network. Results revealed that ratio of Category I with the highest cost and importance to the annual revenues was barely 88%. Meanwhile, fractions of Category II and III to the overall expenses were 5–10% and below 5%, respectively. Given scarce funds, it is crucial that Essential drugs be utilized effectively. Thanks to ABC-VEN integrated matrix, we uncovered medicines for which significant savings could be achieved. This method has proven to be a powerful tool in decision-making for importation and stockholding