HIS FINALS MODULE 4 Unit 8 Flashcards
To successfully manage such information, many hospitals implement a form of:
materials management information system (MMIS)
responsible for purchasing laboratory instruments and service contracts to maintain installments.
manager
includes technical evaluation and cost comparison of instruments from various instrument manufacturers.
instrument selection
marks the beginning of the procurement process
purchase requests
the user notifies the purchasing department regarding the needed items and services.
purchase requests
It contains the quantity, as well as a timeframe for the items requested
purchasing
It has the necessary authorization information to proceed with the purchase.
purchasing
The requested items are then confirmed using the ——-, and a supplier is nominated.
purchase order
The receiver,
which is usually the ————-, uses the purchase order as a basis for accepting the delivered items that should be checked for indents and damages.
Central Supplies department
one of the most significant expenses for most medical institutions.
inventory
play an important part in refining the quality of health care since the lives of people are on the line, and medical costs are increasing.
inventory controls
it mean ensuring that the received items are the ones ordered and the supplies are free from possible damages during transit.
Ensuring Shipment Accuracy
Coming up with an inventory tracking report in comparison with actual sales proves to be a challenge in the field of medicine.
Aligning with Sales Projections
it is necessary to prevent wastage, identity trend and ensure that there is no excess inventory.
Aligning with Sales Projections
The health institution should be responsive to the current trends and needs of the highly-regulated health care industry.
complying with regulations
The regulators monitor health institutions and determine the success or failure of companies to serve the best interest of the patients.
Complying with Regulations
it is the process a customer goes through when purchasing a product or service
Buying Cycle/ Purchase Cycle
Customers move through a series of purchasing stages in the cycle as they educate themselves and move closer to making a final purchasing decision.
Establishing Buying Cycles
it should be determined and understood by inventory personnel based on the previous cycles so that inventory ordering becomes manageable through the elimination of shortage and overages.
buying cycles
it determines the trends and adjustments that can be made accordingly.
buying cycles
Some suppliers allow returns of goods that have ——- or the like, with a guarantee of replacement without any additional payments.
indents
it is the minimum quantity of an item that a company has in stock, so when the stock reaches the stated minimum quantity, the item must then be reordered (purchase order/production order).
reorder level
it is a basic reordering method implemented in many ERPs and other inventory
management software
min/max inventory ordering method
it is the value representative of a stock level that prompts a reorder,
Min Value
it is the value representative of a new targeted stock level that follows the reorder
Max Value
min and max value id often interpreted as the ——
economic order quantity
