HML analysis based only on cost i.e., High, Medium, Low cost items. PowerShow.com is a leading presentation/slideshow sharing website. Inventory management is a very important function that determines the health of the supply chain as well as the impacts the financial health of the balance sheet. To prevent users from facing this, Use HTTPS option. The PowerPoint PPT presentation: "Introduction to Hospital Management" is the property of its rightful owner. of newer drugs and antibiotics 7) Government Policies – Imported/ channelised items Change in import duty/custom duty specially before the budget . Our new CrystalGraphics Chart and Diagram Slides for PowerPoint is a collection of over 1000 impressively designed data-driven chart and editable diagram s guaranteed to impress any audience. Healthcare sector is growing rapidly because of emerging two tier and three tier cities, addition of new hospitals. - Swosti Institute of Management and Social Studies SIMSS is dedicated to providing hospitality management programs near me, hospitality management programs near me in Bhubaneswar, hospitality management programs near me Bhubaneswar, Bhubaneswar hospitality management programs near me to make your career successful in hospitality management. e) Cost of deterioration: Drugs are sensitive and thermolabile items. All items up to this figure will be A category items. D = Average estimated consumption during the lead-time. 5) Fixing up realistic Inventory levels i.e. We can avoid stock outs by working out the reorder level of all important material so that immediate action can be taken as soon as the-stocks drop to reorder level. Or use it to create really cool photo slideshows - with 2D and 3D transitions, animation, and your choice of music - that you can share with your Facebook friends or Google+ circles. You can opt for various career options for your successful future like Flight Analysis, Airport Operations Management, Ticketing and Passenger Services and many more. Or use it to upload your own PowerPoint slides so you can share them with your teachers, class, students, bosses, employees, customers, potential investors or the world. These best practices in hospital materials management are generating the same substantial cost reduction and service level improvements seen across the manufacturing and … Value-based reimbursement. Minimize the ineffective stock. 4) A well designed and defined Inventory Control system . 1. 12/18/2013 77 PowerPoint Presentation: Thank You!!! 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. Management of material supplies cont… 12/18/2013 18 PowerPoint Presentation: c) Cost of additional manpower: More the material more hands to deal with it. Wherever called for Inventory levels should be adjusted as per changes in requirement/ consumption , changes in market conditions etc. By inventory control we can find out optimum quantity to be stocked so that these costs are kept at the minimum. Category III - comprises the desirable and cheaper group of items . Introduction to Inventory Management 1.1.1. It is one of the modern management techniques of operations research. A combination of V-E-D and X-Y-Z methods may give some indication about the items that should be disposed off so as to trim the inventories. Misc Administration handles the buisness. They'll give your presentations a professional, memorable appearance - … The operational definition of inventory would be the amount of raw materials, fuel and lubricants, spare parts and semi-processed material to be stocked for the smooth running of the plant. After you enable Flash, refresh this page and the presentation should play. Keeping this demand in mind, Aptech provides you complete, in-depth training in all aspects of event management responsibilities, Best hospitality management colleges in bhubaneswar. Primary It is the essential care close to, 2. Inventory Management encompasses processes that ensure product availability while reducing investment costs (Krautter, 2009; Schroeder, 2000). To do that, hospitals are implementing solutions both low- and high-tech. 12/18/2013 37 PowerPoint Presentation: The stock on hand consists of two components , Working stock Safety stock . 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 . 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. Such a growing industry needs thousands of trained professionals to organise exciting events. The constraints in this system are that it will function smoothly only when the lead-time (Procurement Time) and the consumption rate are constant. However , it must be mentioned that all systems and organizations must be primarily designed to supply drugs, medicines and other supplies in time in order to provide meaningful and effective service. Material Management In Hospital Ppt 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. Integrated data and MIS reports help to make quick decisions. Its three main areas of … Pareto a German Economist while studying the income pattern of a given city, found out that 20% of the people have got 80 % of the total money and rest of the 80% of the people were having 20% of the money. Without proper control over the inventory, serious problems can precipitate, related to manufacturing , marketing , revenue generation and customer satisfaction likewise availability of life saving drugs and other hospital supplies can be crucial to good care and patient satisfaction. Hence in simpler terms inventory may be defined as list or stock of items in store, which one can count, measure or weigh. 3) Meticulous materials planning and forecast. Ampicillin 1 gm is 2000 units , The cost of placing order ( Oc ) is Rs. Money that could otherwise be profitably employed elsewhere is tied up, physical storage costs are incurred and there may be losses due to spoilage or pilferage. Job opportunities are projected to be quite strong due to the high increase in consumer demand. 12/18/2013 27 PowerPoint Presentation: Investment, Planning, Procurement, Handling, Receiving, Inspection, Storage, Distribution, Accounting, Deterioration, Obsolescence, Pilferage, Damage, Shelf Life, Theft Changes In Line Of Treatments Changes In Government Policies For Various Health Programmes Time To Time. 12/18/2013 26 Need/Necessity of Inventory Control: Need/Necessity of Inventory Control A good Inventory Control maintains availability of materials and also controls stock-out and under-stocking. When these two factors are varying fresh reordering levels have to be calculated. This classification helps in Identifying the items, which are being extensively stocked. Conservative estimates are that the carrying cost may be 25 per cent to 35 per cent of the actual inventory cost. An institution that provides medical, surgical, A Hospital is a residential establishment which, 1. Factors Involved in Determination of Inventory Policy cont… 12/18/2013 32 PowerPoint Presentation: 9) Patient Service – Smooth deliveries result in lower inventories Provider Relations – Increase/decrease in quantity in peak/slump season due to change in indent/consumption rate 10) Marketing Conditions – Items easy to get yesterday may be difficult to get tomorrow and vice-versa 11) Other factors Single source, multiple sources, proprietary Items, location of source of supply, Import substitution, make or buy decision etc. As you know, payment models are shifting from volume to value. 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. Learn More: https://spochub.com/HIMS, | PowerPoint PPT presentation | free to view, Management and leadership in nursing Introduction unit. 12/18/2013 75 PowerPoint Presentation: It is the science and art of weighing the costs of carrying the stock against the losses that may accrue if the material is not available when needed . Second, offline retail where the purchase … That places an additional burden on your hospital p… Inventory management is a very important function that determines the health of the supply chain as well as the impacts the financial health of the balance sheet. 12/18/2013 7 Introduction cont…: Introduction cont… Balancing the cost of carrying high inventories and the cost of shortage is done through a system of scientific inventory control. 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