What is an Inventory in Pharmacy? Write the objectives of inventory control. Discuss the techniques used in inventory management.

Inventory in pharmacy refers to the complete stock of medicines, medical supplies, and other pharmaceutical products kept in a hospital or healthcare facility. It includes all items that are essential for providing medication and treatment to patients. Managing this inventory effectively is crucial for the smooth functioning of hospital services, as it ensures the availability of necessary drugs at the right time, prevents wastage, reduces costs, and supports proper patient care.

Inventory control in pharmacy involves the systematic management of these stocks to maintain an optimal balance between having enough supply to meet demand and avoiding excess that can lead to spoilage or financial loss. It is a critical function that aims to maintain continuous supply while minimizing the cost of holding and ordering stock. Effective inventory control ensures that expired or obsolete medicines are minimized and that the hospital complies with legal and ___ _________ _________ ___ _________.
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