Question

What is the definition of inventory management in Healthcare Management

Answer 1

DEFINITION OF INVENTORY MANAGEMENT:

INVENTORY MANAGEMENT It is a scientific system which indicates as to what to order, when to order, and how much to order, and how much to stack so that Purchasing costs and storing costs are kept as low as possible An effective inventory management system not only allows a healthcare Organization to track the use and availability of these istruments, it also reduces the chances of loss and theft.