HIS LESSON 10 PART 3

Question 1

happens Either upon receipt from the supplier or during the move from the source to another location

Answer 1

item indent and issues

Question 2

Temporarily houses defective goods until a final decision is reached.

Answer 2

quarantine

Question 3

Where vendor or consignor issues materials to the receiver or consignee

Answer 3

Consignment Stock Receipt, Consumption and Regularization

Question 4

Defective or substandard quality goods, incorrect order delivery, and deteriorated purchased and sold items are usually common in the business. This led to _________

Answer 4

purchase returns

Question 5

When purchase goods are returned the ___________ updates inventory levels to reflect the decrease in quantity

Answer 5

MMS (Materials Management System)

Question 6

Returnable Gate Pass, what type of movement?

Answer 6

temporary movement

Question 7

non-returnable gate pass

Answer 7

permanent movement

Question 8

Invoice is due at predetermined intervals

Answer 8

Consignment Stock Receipt, Consumption and Regularization

Question 9

Upon reaching their expiry, some goods can no longer be utilized

Answer 9

expired stock

Question 10

3 basic concepts of purchasing?

Answer 10

• Purchase Request
• Purchase Order
• Receiving Delivery

Question 11

is one of the biggest expenses for most medical institutions, not just in medical institutions, but for some other institutions that are non-medical

Answer 11

inventory

Question 12

what are the strategies in improving inventory control in the healthcare facility

Answer 12

1. ENSURING SHIPPING ACCURACY
2. ALIGNING WITH SALE PROJECTIONS
3. COMPLYING WITH REGULATIONS
4. ESTABLISHING BUYING CYCLES

Question 13

plays an important part in refining the quality of healthcare services since lives of people are on the line and the medical costs are increasing, especially, when the patient stays there for longer periods of time.

Answer 13

inventory control

Question 14

Checking shipments for accuracy means ensuring that the received items are the ones ordered and the supplies are free from possible damages during transit.

Answer 14

ENSURING SHIPMENT ACCURACY

Question 15

The health institution should be responsive to the current trends and needs of the highly regulated health care industry

Answer 15

COMPLYING WITH REGULATIONS

Question 16

Buying cycles should be determined and understood by inventory personnel based on the previous cycles.

Answer 16

ESTABLISHING BUYING CYCLES

Question 17

a process where coming up with an inventory tracking report in comparison with actual sales

Answer 17

ALIGNING WITH SALES PROJECTIONS

Question 18

The said cycles will then determine the trends and adjustments that can be made accordingly.

Answer 18

establishing buying cycles

Question 19

monitor health institutions and determine the success or failure of companies to serve the best
interest of the patients.

Answer 19

regulations

Question 20

plays an important part in refining the quality of healthcare services since lives of people are on the line and the medical costs are increasing, especially, when the patient stays there for longer periods of time.

Answer 20

inventory control

Question 21

This is usually done during inbound inspection upon receipt
of the items or goods

Answer 21

Moved Rejected End Item to Quarantine

Question 22

When parcels are delivered partially without proper
notification from the supplier the receiving personal should advice the purchasing department for approval and further instruction.

Answer 22

partial deliveries

Question 23

Goods can be easily tracked or trace when they are
managed by serial numbers or batch numbers.

Answer 23

tracking of goods

Question 24

The person who receives the delivery should inspect the
delivered items before signing the receiving document that will be given to him/her and the packing list.

Answer 24

signing for deliveries

Question 25

The receiving department should refuse any shipment if the package appears to be damaged or if there is any item that does not have a corresponding purchase order

Answer 25

refusing delivery

Question 26

The person receiving the items should inspect these said items received to ensure that the following minimum conditions are met.

Answer 26

inspecting a shipment

Question 27

This should be typically noted in the packing list or the receiving document.

Answer 27

partial deliveries

Question 28

Through that aging of products can also be monitored based
on how long they’ve been in the warehouse already.

Answer 28

tracking of goods

Question 29

The health institution should be responsive to the current trends and needs of the highly regulated health care industry.

Answer 29

complying with regulations

Question 30

Buying cycles should be determined and understood by inventory personnel based on the previous cycles.

Answer 30

establishing buying cycles

Question 31

Checking shipments for accuracy means ensuring that the received items are the ones ordered and the supplies are free from possible damages during transit.

Answer 31

ensuring shipment accuracy

Question 32

t’s necessary to prevent wastage, identify trends, and ensure that there is no excess inventory.

Answer 32

coming up with an inventory tracking

Question 33

Coming up with an inventory tracking report in comparison with actual sales. what strategy is this?

Answer 33

ALIGNING WITH SALES PROJECTIONS

Question 34

brings an advantage in inventory control.

Answer 34

MMIS

Question 35

It is where the users see all the items by which they can select in order to account or track the supplies, whether there is a shortage or excess.

Answer 35

Item availability

Question 36

is the minimum quantity of an item that a company has in stock—meaning, it is the inventory level basis at which a company or health institution would place a new order.

Answer 36

reorder level

Question 37

A basic reordering method implemented in many ERPs (Enterprise Resource Planning) and other inventory management software is Min/Max inventory ordering method.

Answer 37

minimum and maximum inventory opening

Question 38

is representative of a new targeted stock level that follows the reorder.

Answer 38

max value

Question 39

is representative of a stock level that prompts reorder.

Answer 39

min value

Question 40

ERP meaning?

Answer 40

enterprise resource planning

Question 41

EOQ meaning?

Answer 41

economic order quantity