Question

List down briefly the various inventory management techniques prevalent in the industry. Discuss how some of these techniques would be applicable to a medical store in the effective management of their inventories i.e. medical supplies.

Answer 1

Answer:

1. ABC Analysis

2. MRP Technique

3. JIT Method

4. Drop Shipping

5. Eoq Model

6. Safety Stock

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Explanation:

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Answer 2

The inventory management techniques are essential for the management of the inventories and medical supplies.

Explanation:

• Such systems help to streamline the automated solution packages that include the custodial staff, administrative bodies, and even patients are the inventory management system which allows raising the overall efficiency of the hospital.  

• These include the documentation, evaluation of medical supplies, safety testing, and staff training.

• The first technique is to Saving time through automation .i.e  the use of bar code scanning that allows us to make a reliable database and improve the processing time.

• Second is Improving equipment reliability as the hospital supplies needed to available 24/7, this ensures that medial institutes are apt with quality control parameters.

• Compliance with regulation, Disposal of medical supplies, and plan for stock replenishment. thought the procurement cycles and established workflows. Plan for disaster management and inspect the new orders.

Learn more about the various inventory management techniques prevalent in the industry, techniques would be applicable to a medical store in the effective management of their inventories i.e. medical supplies.

• brainly.in/question/18563965 answered by  khushigupta100