Research On Inventory Control Of H Drug Company

Drugs are a special commodity in society.They can not only cure diseases,but also cause illnesses,and even endanger life.With the development of society and economy,the increase in consumption levels and changes in people's eating habits and work routines,some incurable diseases have increased,which has greatly stimulated the development of the pharmaceutical industry.At the same time,China's population base is large,population aging is increasingly prominent,and health requirements are also increasing.This has led to an increase in people's demand for drugs,and has also accelerated the development of the pharmaceutical industry.China is expected to become a global player by 2020,the second largest pharmaceutical consumer market.nventory management is an important part of the company's production and operation management.The rationality of inventory management directly relates to the company's operating conditions,affects the company's earnings and liquidity,and determines the company's development prospects and fate.In the face of challenges and opportunities,it is particularly important for pharmaceutical companies to improve and enhance their inventory management.Based on the literature review,this article analyzes the current research status and deficiencies,researches the status of the pharmaceutical industry and H pharmaceutical companies,and explores the problems existing in the pharmaceutical industry and H pharmaceutical company's inventory management.Based on the sales data of H Pharmaceutical company for the two years 2016-2017,an in-depth analysis is adopted of the company's drug management and inventory control from drug classification,demand forecasting and ordering strategies,The specific study is as follows:(1)Based on the status and development of the pharmaceutical industry,the current opportunities and challenges facing the pharmaceutical industry are analyzed.A comprehensive introduction to the current status of H Pharmaceutical.Through field inspections and other methods,the collected data and information were analyzed,and identify H pharmaceutical companies' problems in inventory classification,demand forecasting,and inventory control.(2)H Pharmaceuticals inventory classification study.First of all,according to the ABC classification of drug sales indicators,the drugs are divided into A,B and C categories;Secondly,according to the indicators of the continuity of drug demand VED classification,the drugs are divided into categories V,E and D;Finally,according to the matrix thinking,the two classifications are combined,and the nine classifications combined are combined into three types of medicines with reference to the K-Means clustering idea.(3)H Pharmaceuticals drug demand forecast analysis.First of all,on the basis of classified data,the data is simulated with SPSS software to clarify the quantitative relationship between data and time.Among them,the demand for the first type of drugs is very random,and the second type and the third type of drugs have a good curve relationship with time.Secondly,according to different types of drugs,the BP neural network,ARIMA model,and Holt-Winters addition model were used to predict the demand of H pharmaceutical companies in the next year,indicating that the demand for various drugs will increase significantly in different months.(4)Establish a suitable replenishment model for H Pharmaceuticals.First of all,establish an inventory control model based on the needs of various types of drugs and their own characteristics.Among them,the first type of drugs adopts the traditional EOQ model,the second type of drugs and the third type of drugs adopt the improved EOQ model;Secondly,the order number,order point,and order quantity are obtained by solving the model,among them,the first category of drugs adopts a fixed-interval ordering strategy,and the second and third categories adopt a fixed ordering frequency and an unfixed purchase time strategy;Finally,through the analysis of drug ordering strategies,the monthly demand for the first type of drug is different,and there are differences in the number of orders,and the interval between the ordering of the second and third drugs was gradually shortened,and the distance from the order point to the stock-out point was shortened with the passage of time.The above research achievements have achieved optimization of the inventory management of H Pharmaceutical.At the same time,it also provides reference for inventory control of other relevant companies in the pharmaceutical industry.