Study on MMF and inventory index on inventory management practices at a medical college teaching hospital

Seethram, Arun Mavaji and Somu, G and Kantipudi, Sudhakar and Thomas, Jibu and Nagaraj, * and Kumar, Sujith and Nagaraj, * (2015) Study on MMF and inventory index on inventory management practices at a medical college teaching hospital. Journal of Business and Management, 17 (4). pp. 60-65. ISSN 2319-7668

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Abstract

Materials management is an important issue for healthcare systems because it influences clinical and financial outcomes. Reducing costs in hospital inventory management is always critical for administrators at health care institutions. The study attempts to assess two techniques, Monthly maintenance figures and Inventory Index which have contributed to efficient management of Inventory at a large tertiary care teaching hospital. . Aim:To evaluate the best practices in material management at a general stores of a tertiary care teaching hospital. Objectives:1) To study the inventory management practices at the general store 2) To assess the impact of Monthly maintenance figures (MMF) and inventory index on Inventory management. Methodology:Retrospective study was carried out in a general store of medical college teaching hospital. Period of study for MMF is December 2011 to September 2012 andfor Inventory index. it isfrom April 2008 to October 2014. Study involved perusal of records maintained at General stores and interview of staff in general stores, Nursing staff and Inventory control team.

Item Type: Article
Uncontrolled Keywords: lnventory management; monthly maintenance figures; inventory index.
Subjects: Medicine > KMC Manipal > Hospital Administration
Depositing User: KMC Manipal
Date Deposited: 20 Jul 2015 09:30
Last Modified: 20 Jul 2015 09:30
URI: http://eprints.manipal.edu/id/eprint/143373

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