Question: rewrite in a paragraph with different wordings Demand Forecasting: Accurate prediction of the demand for various materials is essential. This includes medicines, surgical equipment,
rewrite in a paragraph with different wordings " Demand Forecasting: Accurate prediction of the demand for various materials is essential. This includes medicines, surgical equipment, personal protective equipment, etc. It helps in maintaining an optimal inventory, avoiding stockouts and wastage. 2. Supplier Management: Establishing a good relationship with reliable suppliers ensures the timely delivery of quality materials. It's also important to have alternative suppliers to avoid disruption in case of any issues with the primary supplier. 3. Inventory Management: This involves tracking and controlling the hospital's inventory to ensure that all necessary materials are available when needed. It includes maintaining safety stock, re-order level, and maximum level. 4. Cost Control: Hospitals must manage materials cost-effectively. This involves negotiating prices with suppliers, buying in bulk, and reducing waste
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
