Inventory Management and Economic Purchase Lots

Inventory management and the Economic Purchase Lot are techniques that enable the market to become increasingly competitive, since companies are constantly looking for alternatives that help reduce the total capital invested, help avoid high costs and prevent a shortage of products to meet customer demand. It is necessary to always pay attention to inventory management, as they are very important assets for any organization, but they can also represent significant costs for any company when poorly managed. The aim of this book is to determine the degree of importance and the impacts caused by the value of the most important items, with a focus on identifying losses, by carrying out an ABC classification directly related to the stock of a pharmacy. Through a case study, it was possible to demonstrate how Inventory Management and the Economic Purchase Lot method are efficient systems, when used correctly in business inventories, since they can help with materials management, demonstrating the importance of inventories in the company.