In the majority of healthcare environments, so many types of expendable medical supplies are needed. You’ll have a limited amount of space to store them, and limited budgetary funds to purchase each type of them. There will be an uncertainty of who’s coming in your facility’s doors, and for what conditions they need care. You’ll make your best prediction of how many will come to your facility this year vs. last year and the year before, but those numbers won’t be exact – as demographic and economic trends can easily influence them. Given all the uncertainty in the healthcare environment (that’s not going to go away) – what is the best way to evaluate your inventory management performance? How are budgetary item shortages best safeguarded against? Explain your answers in a concise 200-word response, using peer-reviewed sources to support your points.
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