hospital inventory management ppt

Tuesday, December 29, 2020

Inventory Management PPT with PDF. 1) Requirement – Quantity in stock/ in transit Quantity to be procured keeping in view the consumption pattern, fluctuation in demand and utilization Seasonal and peak requirements 2) LeadTime – Internal and External Lead-time 12/18/2013 30 PowerPoint Presentation: 3) Cost Factors – Ordering cost Inventory carrying cost Under/over stock cost Saving in transportation/quantity discounts 4) Liquidity/Financial Position – This will decide capacity to buy and capacity to hold inventory 5) Availability of Credit Factors Involved in Determination of Inventory Policy cont… 12/18/2013 31 PowerPoint Presentation: 6 ) Obsolescence – Change in design of Final Indent Change in design of Quantity of the item Advent . It is one of the modern management techniques of operations research. Visit, Distance Education MBA in Healthcare Management. 8) Strict control on obsolete, slow moving and non-moving items. - Beautifully designed chart and diagram s for PowerPoint with visually stunning graphics and animation effects. Management of material supplies cont… 12/18/2013 21 CLASSIFICATION OF INVENTORY: CLASSIFICATION OF INVENTORY For the better management of inventory one must classify the inventory so that the control of the inventory becomes much more easier and effective. Types of Inventory Control System cont… 12/18/2013 67 PowerPoint Presentation: Basically the “min/max " approach relies on the combination of two factors: ( 1) the order point, and ( 2) the total quantity to be ordered. maximum, minimum, reorder levels and safety stock Inventory levels should be fixed item wise /location wise. Hospital Information Management System - ESDS, - HIMS is a complete hospital information management system that effectively manages all operations and processes in the hospital. Management of material supplies cont… 12/18/2013 16 PowerPoint Presentation: Management of material supplies cont… 12/18/2013 17 PowerPoint Presentation: a ) Cost of money: When we purchase the drugs in bulk, we pay also large proportion of the drug budget at one time. Following the lead time period , during which all the activities of the procurement cycle are performed, the quantity ordered ( Q) is received and the Inventory level is back to its starting maximum point (Q+S). HTTPS (Hypertext Transfer Protocol Secure) is a protocol used by Web servers to transfer and display Web content securely. High inventory level Low inventory Level Large Storage Space Blocking The Finances Large handling and administration charges Obsolescence Spoilage Frequent stock outs High shortage costs 12/18/2013 8 Introduction cont…: Introduction cont… Materials management and Inventory problems are common to all organizations . Physical inventory includes all the materials that are tangible and required to Purchase quantity is usually the biggest determinant of inventory investment, and consequently, of average carrying cost. Types of Inventory Control System cont… 12/18/2013 72 Double Bin system: Double Bin system Types of Inventory Control System cont… 12/18/2013 73 PowerPoint Presentation: None of the above systems are exclusive or foolproof, particularly when we cannot control the procurement time and the market availability of the items. Primary It is the essential care close to, 2. Identifying the correct make/model of each asset in the organization ensures that … At Spectrum Health, for instance, supply chain staff manage inventory using statistical models in Microsoft Excel and Minitab. If so, share your PPT presentation slides online with Other terms related to hospital include hospice. K1, K2 and K3. Value-based reimbursement. First, online retail (eCommerce) where the purchase takes place digitally. Without adequate pharmacy inventory management practices, hospitals run the risk of not being able to provide patients with the most appropriate medication when it is most needed. The PowerPoint PPT presentation: "Introduction to Hospital Management" is the property of its rightful owner. Decision Making Its decisions are influenced, 8. The basic techniques of inventory control are ABC analysis and VED analysis. Asthma Management Introduction, Anatomy and Physiology. © 2014 authorSTREAM. This includes hospital owned equipment as well as loaner, demo, phy sician -owned, etc . Inventory control is a scientific system which indicates as to what to order, when to order, and how much to order, and how much to stock so that purchasing costs and storing costs are kept as low as possible. 100, The purchase cost (PC) is Rs. This in long run improves the image of the Health Centre/Hospital. The effort should be to reduce this as much as possible by following the simple techniques like Bulk-buying Buying under generic names and not trade names and Negotiated rates by assuring future business over a reasonable period. Methodology for ABC analysis cont… 12/18/2013 50 PowerPoint Presentation: Methodology for ABC analysis cont… 12/18/2013 51 Application for ABC Analysis Inventory Control: Application for ABC Analysis Inventory Control The applied benefits of the practice of ABC analysis : 12/18/2013 52 Broad Policy Guidelines for the Control of Items as Per A-B-C Classification: Broad Policy Guidelines for the Control of Items as Per A-B-C Classification 12/18/2013 53 VED Analysis: VED Analysis Inventory’s importance cannot be overlooked simply because they do not appear in A category of inventory. Supervisory managers need top / high technical, Ability to understand, motivate and lead and, Ability to understand relationship between the, Includes recognizing how the various units of the, Ability to design a workable as well as a, Use of scientific and innovative technique for, Ability of getting the things done through, Ability to communicate, cooperate, and coordinate. The indirect costs in this element are related to the business that we loose, and public criticism etc. b) Cost of space: If the annual requirements of drugs were purchased in bulk, additional space/store rooms with fittings and furniture would be required. Also by this we can ensure no idling of service providers and dissatisfaction among the patients. Ordering costs and the inventory carrying costs are antagonistic to each other. Inventory and Quality Management Customers usually perceive quality service as availability of goods when they want them Inventory must be sufficient to provide highquality customer service 9. Boasting an impressive range of designs, they will support your presentations with inspiring background photos or videos that support your themes, set the right mood, enhance your credibility and inspire your audiences. It is necessary to understand the apparent costs and the hidden costs in the management of the supplies. They are sort of lubrication for the supply production- distribution system that protects it from excessive friction. 12/18/2013 78 Inventory Management-III: 1- 79 Inventory Management-III History 1915 F.W.Harris (Westinghouse) Lot size formula (EOQ model); independently developed by Wilson and sold to many companies as an integral part of an inventory control scheme. The most expensive item is at the top followed by the next less expensive and the cheapest item which has consumed least amount will be at the bottom. Inventory Management 1.1. 12/18/2013 22 Types of selective inventory control: Types of selective inventory control 1) ABC – Based on cost criteria i.e. An institution that provides medical, surgical, A Hospital is a residential establishment which, 1. - PGD in Hospital Administration helps the students with contextual analyses of complex circumstances in health-centric habitat to gain from. As you know, payment models are shifting from volume to value. No one can predict with complete certainty what the demand will be or what the subsequent loss will amount to if the material is not available. This is greatly influenced by lead-time. The Centre for Active Lifestyle Management (CALM), - The Centre for Active Lifestyle Management (CALM) Dr Stephanie Jarrett Consultant Clinical Psychologist Pain Management Unit University Hospital Lewisham, - based on Parkland hospital and a selective scenerio, - Get skills to plan & organise the biggest events – including fashion shows, awards nights, music concerts, corporate events, exhibitions and charity events. Retail is the broadest catch-all term to describe business-to-consumer (B2C) selling. Winner of the Standing Ovation Award for “Best PowerPoint Templates” from Presentations Magazine. The report is covered in 150 pages covering 5 major players in the industry. This will be equivalent to only 10-15 % of the total number of drugs. 12/18/2013 9 PowerPoint Presentation: The goal of a good hospital supply system is to ensure that there is adequate stock of required items, so that an uninterrupted supply of all essential items is maintained taking due care, we do not overstock the supplies which not only locks up the capital, but also gives room to pilferage and obsolescence. Distance Education Post Graduation Program in Aviation Management. Retail inventory management. Supply chain management have great significance for hospital purchasing and inventory management. presentations for free. Their salaries/wages would add up to the cost. Replacement or disposal It opens various career options such as shipping and cruise lines, tour administrators, offices administration suppliers and so on.

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