Methodological approach to optimizing the management strategy of the assortment policy of a pharmaceutical company based on inventory control
- Authors: Glembotskaya G.T.1, Grigorash D.V.1, Baibordin V.S.2
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Affiliations:
- Sechenov First Moscow State Medical University (Sechenov University)
- The Zdorovye firm
- Issue: Vol 24, No 2 (2024)
- Pages: 48-55
- Section: ORGANIZATION OF THE PHARMACEUTICAL BUSINESS
- URL: https://journals.rcsi.science/2410-3764/article/view/280515
- DOI: https://doi.org/10.35693/AVP636388
- ID: 280515
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Abstract
Aim – development of a methodological solution for optimizing the management strategy of the assortment policy of a pharmaceutical company based on inventory control.
Material and methods. The study was conducted using the example of the pharmaceutical company Bayer and is based on the principles of positivistic philosophy and a deductive approach. The research materials include primary data from an interview with a pharmaceutical logistics manager and secondary data from prescriptions. The collected data were analyzed by calculating a number of values (economic order volume, reorder point, safety stock, average assortment level) using ABC analysis and cycle counting methods. According to the collected initial information, the assortment portfolio of the analyzed company includes 400 pharmaceutical products.
Results. The article presents the author's methodological approach to optimizing the product range portfolio of a pharmaceutical company. The proposed approach is based on data on inventory control under conditions of uncertain demand for pharmaceutical products using a continuous analysis policy. A quantitative and qualitative assessment of the product range status for individual drug names was conducted and an adapted product range management strategy was recommended, aimed at improving the efficiency of the product range policy while minimizing overall costs.
Conclusion. The accuracy of the product range dynamics accounting process is improved by using the cyclic counting method and ABC analysis of products.
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##article.viewOnOriginalSite##About the authors
Galina T. Glembotskaya
Sechenov First Moscow State Medical University (Sechenov University)
Email: glembotskaya_g_t@staff.sechenov.ru
ORCID iD: 0000-0002-4193-8973
PhD, Professor, Professor of the Department of Organization and Economics of Pharmacy at the A.P. Nelyubin Institute of Pharmacy
Russian Federation, MosсowDenis V. Grigorash
Sechenov First Moscow State Medical University (Sechenov University)
Author for correspondence.
Email: grigorash.denis@gmail.com
ORCID iD: 0009-0001-3877-3573
postgraduate student of the Department of Organization and Economics of Pharmacy at the A.P. Nelyubin Institute of Pharmacy
Russian Federation, MoscowVladislav S. Baibordin
The Zdorovye firm
Email: vladislavbaibordin@gmail.com
ORCID iD: 0009-0009-8343-8043
Head of Production
Russian Federation, MoscowReferences
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