The Inventory Items in Health Care Organization
The Inventory Items in Health Care Organization essay assignment
The Inventory Items in Health Care Organization essay assignment
- Identify 10 inventory items found in an healthcare organization.
- Which of these might be classified as A, B, or C items? Why?
- How would you manage these items differently depending on their classification?
reply one
Supply chain management (SCM) is an important facet of healthcare management because good SCM can lead to optimizations and efficiencies in purchasing and storing inventory, thereby reducing costs (McLaughlin et al., 2022). As a critical component of SCM, “inventory management helps determine how much inventory to hold, when to order, and how much to order” (McLaughlin et al., 2022, p. 317). One article estimated that supplies make up approximately 30% of hospital budgets and spending (Mohammed & Workneh, 2020). When an organization does not manage its inventory well, this mismanagement can cause either too much inventory on hand (surplus) or too little inventory on hand (shortage) (Lukinskiy et al., 2020).
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