7 August 2017

Ethiopia: PFSA Says Efficient Drug Inventory System in Place

Annual inventory of pharmaceuticals supply which used to take over two months is now being accomplished in about two weeks, says Pharmaceuticals Fund and Supply Agency (PFSA).

The efficient mechanism of inventory is helpful to timely quantify available drugs in store and carry out distribution on the right time, according to Ahmad Kedir, PFSA Storage and Distribution Coordinator.

The agency used to carry out inventory in the past only once a year and used to take longer than two months which causes delay in the supply of pharmaceuticals, the agency said adding that currently it is also able to carry out quarterly .

The inventory is a vital step in the activities of the agency as it helps to have exact information about its stock, regulate excess and deficit stock, take timely action for the stocks and estimate the price of the stock , among others.

According to Ahmad the inventory carried out this year is unique in that it has considered names of pharmaceuticals , medical equipment, laboratory reagents, strength , manufacturer, supplier. Further more the agency has devised and utilized a consistent procedural manual that prevents redundancy of pharmaceutical supplies and provide efficient service.

The agency has currently increased its supply of quality, safe and efficacious pharmaceuticals to respond to the ever increased demand of the society by increasing its accessibility.

Currently the agency expects local pharmaceutical manufacturers to cover 20% of the country's demand though they fall short to only 12%, he said adding that to the future it is working towards raising their share to 60%.

For this end the government applies various subsidies and incentives at policy level for local manufacturers to retain foreign currency, save time, and create jobs. Accordingly local manufacturers enjoy 25% price shield when they compete with foreign companies, 30% advance loan and 70% tripartite bank loan agreement.

Ethiopia

Several Killed in Communal Violence in Western Ethiopia

Several people were killed, many of them hacked to death, in yet another communal violence, this time in Illu Aba Bora… Read more »

Copyright © 2017 The Ethiopian Herald. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.