Question:
Which of the following inventory control methods are useful for procuring the essential and vital medicines to the hospital?
Which of the following inventory control methods are useful for procuring the essential and vital medicines to the hospital?
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VED = Vital, Essential, Desirable. It prioritizes "Need" over "Cost."
Updated On: May 19, 2026
- ABC Analysis
- EOQ method
- FIFO method
- VED Analysis
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The Correct Option is D
Solution and Explanation
Step 1: Concept
Inventory control methods are used to manage drug stocks efficiently based on different criteria like cost, usage, or criticality.
Step 2: Meaning
VED stands for Vital, Essential, and Desirable. This classification is based on the medical importance/criticality of the drug.
Step 3: Analysis
ABC analysis focuses on cost. FIFO/FEFO focuses on expiry. VED Analysis specifically categorizes drugs so that "Vital" (life-saving) and "Essential" drugs are always in stock.
Step 4: Conclusion
VED Analysis is the primary method used to prioritize the procurement of essential and vital medicines.
Final Answer: (D)
Inventory control methods are used to manage drug stocks efficiently based on different criteria like cost, usage, or criticality.
Step 2: Meaning
VED stands for Vital, Essential, and Desirable. This classification is based on the medical importance/criticality of the drug.
Step 3: Analysis
ABC analysis focuses on cost. FIFO/FEFO focuses on expiry. VED Analysis specifically categorizes drugs so that "Vital" (life-saving) and "Essential" drugs are always in stock.
Step 4: Conclusion
VED Analysis is the primary method used to prioritize the procurement of essential and vital medicines.
Final Answer: (D)
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