DA 4 Inventory control Flashcards
What is Inventory
Quantity of goods and materials in stock
Bulk price
reduced price for units
Price Break
minimum quantity of an item per unit is reduced
Lead Time
time between orders
Reorder point
time/ point item should be ordered
considers lead time and rate of use
• Purpose of inventory
ensure the office has an adequate quantity of supplies for smooth functioning office
• Helps determine budget
• Prevents overstocking of supplies.
Role of DRC inventory
Maintain and organize im system
Manage payments
Complete orders and back orders
General consideration for Inventory
Kept simple and up to date
How much to order (rate of use)
When to order (ordering point)
How much lead time is needed
Mismangemt of inventory lead to:
Overstock -risk of passing expiry date
Understock-risk of reschedule ( time and $)
Expandable Vs non expandable item
expandable (gloves) -low cost used in short amount - deposable (toys) Non expandable(Calculators)- instrument replaced when wear out/broken
Qualities of Inventory Manger
- Organized (time management)
- Detailed ( what to order)
- Allocate time (check inventory)
- Effective communication(dental team/suppliers)
1) Suppliers of dental materials and products
local, national & international suppliers
Dental supply house
Dental Supply House
Dental suppliers such as Patterson, Henry Schein and Sinclair are considered a “dental supply house”
may offer equipment repair
Pharmaceuticals/Medical equipment company
1) Johnson and Johnson
2) Pfizer Consumer Health Care E.g. Advil sample pack ordered through pharmacy
supply local anesthetics/oxygen machine
Suppliers of oral health devices
E.g oral b/ tooth paste, info pamphlet- bulk orders
5) Orders placed directly through suppliers (dental supply house)