VED + ABC = ABC-VED MATRIX

Hospitals often combine ABC and VED analyses to form a matrix that helps balance cost with criticality. ABC analysis is the classification of the items based on A, B and C. VED analysis is the classification of the items based on Vital, Essential and Desirable. The combined use of the ABC- VED Matrix ensures better control over the inventory.

BENEFITS OF ABC-VED MATRIX IN HOSPITALS

• Efficient inventory management by focusing on high-value and high-criticality items

• Minimizes stockouts of vital medicines and equipment

• Reduces carrying costs and avoids overstocking of low-utility items

• Supports budget allocation and procurement planning

• Enhances patient safety through proper availability of critical supplies

CONCLUSION

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