Effective And Effective Inventory System

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Recommended: Merits and demerits of inventory control

Main Goal 2: Effective and Efficient Inventory System

Goal 2.1 Maintain an efficient and effective stock control
The system controlling the quantity and quality of the stock at reception from suppliers has been improved; the next goal to be covered is controlling the hospital’s stock on hand and trying to avoid stock shortage problem.

Threat: inaccurate inventory record
Inaccurate inventory record can cause a shortage in inventory. The level of drugs could be either understated or overstated.
Control
We are proposing to establish a perpetual inventory control system and conduct periodic physical counts on inventory. To be more specific, amount of inventory should be physically checked against the amount recorded. This should be done …show more content…

Threat: Theft of inventory
Having the inventory being stolen can cause a shortage of supplies, especially those highly desirable drugs, such as painkillers, which might also have negative impacts on the patient’s recovery. As mentioned in the background, painkillers are often at high risk of theft.

Control
Firstly, medicines should be locked in the storage room. Keys need to be carefully kept. When doctors write prescriptions, they have to note the exact quantity of drugs and sign their names on that prescription. The pharmacist can only release the medicine based on doctors’ prescription. Quantity and variety of medicine taken out should be recorded and signed by the pharmacist. Moreover, a supervisor should be assigned to check the quantity on the prescription everyday, if anything goes wrong, they can trace back to individuals by signatures, which assists in more efficiently managing the hospital (Felsted,2010).

Goal 2.4 Labor Control
A lot of our designed controls involve human resources. To ensure the controls run appropriately, it is essential to distribute corresponding training to the

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