ABC analysis helps to determine which drugs to bid purchase.
The advantages of bid purchasing to both buyer and supplier are described and an explanation of how an ABC classification of inventory helps to determine which items should be bid upon is provided. The cost savings that resulted from bid purchasing of drugs by one hospital using an ABC analysis is also described.
D006746:Hospital Bed Capacity, 500 and over; D007445:Inventories, Hospital / Q000458:organization & administration*; D008421:Materials Management, Hospital / Q000458:organization & administration*; D009820:Ohio; D010607:Pharmacy Service, Hospital / Q000191:economics*; D011682:Purchasing, Hospital / Q000379:methods*