TYPES OF INVENTORY MANAGEMENT

 The inventory management is part of the hospital administration and used for the effective utilization of medical supplies, pharmaceuticals, equipment and other resources. Inventory management ensures that these essential supplies are available when in need and are not wasted or overstocked. Inventory management also reduces costs.

TYPES OF INVENTORY MANAGEMENT IN HOSPITALS

1. Perpetual Inventory System
2. Periodic Inventory System
3. Just-In-Time (JIT) Inventory Management
4. ABC Analysis
5. Vendor-Managed Inventory (VMI)
6. Min-Max Inventory System
7. Consignment Inventory System
8. Stock Level Inventory System
9. Automated Inventory Management Systems

CONCLUSION

Qualifying in hospital administration and obtaining the certification with international acceptance is highly advisable if you are looking for a career in this field. Hospital Administration Idukki, imparts professional progress for you to mark a career in the field of healthcare.