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Implementation of an integrated pharmacy supply management strategy
Lindsey B Amerine1,2, Daniel R Calvert3, Ashley L Pappas4,5
1University of North Carolina Medical Center, Chapel Hill, NC lindsey.amerine@unchealth.unc.edu.
Summary
Integrating oncology medication formulary approval with supply management significantly reduced inventory issues. This strategy improved inventory turn rates by 78% and cut stockouts by 70% in an infusion center.
Area of Science:
- Pharmacy
- Supply Chain Management
- Oncology
Background:
- Formulary approval and supply management for oncology medications were previously disjointed.
- Inadequate usage data led to poor inventory levels for both formulary and nonformulary drugs.
- Lack of distinction in ordering processes created inefficiencies for pharmacy staff.
Purpose of the Study:
- To describe the implementation of an integrated pharmacy supply management strategy for oncology medications.
- To align the formulary approval process with inventory management practices.
Main Methods:
- Applied supply chain management principles to analyze on-hand inventory.
- Restructured the formulary process for oncology drugs to align with inventory management.
- Developed a unified supply strategy for the ambulatory oncology infusion center.
Main Results:
- Reduced inventory exhaustion rates by 70%.
- Improved inventory turn rates by 78%.
- Achieved significant time savings through operational process streamlining.
Conclusions:
- Aligning formulary review with inventory analysis enhances supply management.
- Integrated strategies effectively reduce inventory exhaustion and improve inventory turns.
- Streamlined processes eliminate inefficiencies and rework in oncology pharmacy operations.
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