( PARAPHRASE the paragraph for me please )

1.) Procurement is interpreted as a procedure of obtaining supplies through possession from the factories, their agencies like distributors or from private or public dealers. Buying of drugs begins with the framing of purchasing agreements and edges with receiving, stocking, and expenditure. It implicates the requisition of different skills and understanding from both experienced and formal viewpoints.

Inventory control is the technique of sustaining stock at a status at which acquiring and reserving expenses are at the lowest apparent without interference with the allowance. Therefore it plays a crucial role in conserving the balance between the two. If the commodities like medications are bought in huge quantities, the supply can be created effortlessly and instantly. The danger of the Out-Of-Stock is prevented. But the flaw is that enormous stock amounts to the locking up of the capital which would have been expending more gainfully in some other manners. A huge commodity will also indicate a big storing area and will compel a staff to store and deal with various commodities. There is the problem of the medications not being used before the date of expiry of the commodity, lost some sight and not being used, better and inexpensive alternative available.