Study to Identify the Most Efficient and Cost Effective Method for the General Leonard Wood Army Community Hospital Outlying Clinic Pharmacies to Manage Inventory and Requisition Stock

摘要

A Graduate Research Project analyzed present inventory management practices at four outlying Army Health Clinics using one full year of data. Computations were performed under three other inventory models and the results compared with results obtained under the present system. The study concludes that the economic order quantity (EOQ) model out-performs the others by offering greater cost savings and better response to demands. The clinics can use the savings to justify the purchase of automation equipment. The clinics should continue to electronically transmit requisitions directly from Logistics Division. Supplies should also continue to be sent directly to the clinics rather than using the hospital pharmacy as an intermediary. Keywords: Inventory management; Inventory analysis; Inventory control; Medical supplies; Cost effectiveness; Medical facilities. (kt)