OBJECTIVE OF ABC ANALYSIS IN HOSPITALS

 

Focus on High-Cost Items (A Category)

Improve Budget Allocation and Planning

Enhance Purchase and Stock Control

Reduce Inventory Holding Costs

Increase Operational Efficiency

Improve Procurement Decision-Making

ABC ANALYSIS IN INVENTORY CONTROL

ABC analysis is a valuable inventory management tool in hospital administration, that categorizes inventory items based on their consumption value. It is regarded as a tool in controlling inventory. The hospital administrator uses this tool for inventory control and thus ensuring the smooth flow of hospital services. ABC analysis classifies items based on priority. A items are regarded as high-value, low-quantity which get close monitoring, B items comes under moderate control and C items are of low-value, high-quantity which requires minimal control. This prioritization ensures that critical and expensive items are managed carefully, reducing wastage.

CONCLUSION

Hospital Administration course provides a comprehensive understanding of how healthcare institutions function from an operational and managerial perspective. Hospital Administration Pathanamthitta, has become a popular course option with hospitals choosing qualified administrators. As a hospital administrator, you will find that understanding facility maintenance enhances your ability. This career path offers long-term growth and stability, and with the right training, you will be prepared to seize opportunities instantly. Don’t miss this chance to start a rewarding career in healthcare administration and save yourself time by enrolling in the right training program today.