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2 pages/β‰ˆ550 words
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APA
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Health, Medicine, Nursing
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English (U.S.)
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427 TD 3/2. Managing Inventory in Healthcare Environments.

Essay Instructions:

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.

Essay Sample Content Preview:

Running head: INVENTORY IN HEALTHCARE ENVIRONMENTS1
Managing Inventory in Healthcare Environments
Student Name
College/University Affiliation
INVENTORY IN HEALTHCARE ENVIRONMENTS

2

Managing Inventory in Healthcare Environments
In healthcare settings, supply of and demand for resources are changing at a blink. This is more so during crises (COVID-19?). That is why, inventory management of medical supplies is not simply a nonessential matter sidelines to non-core operations of surgeries, ICU, patient admission and many more health-related services and functions provided in healthcare settings.
From a supply side, healthcare facilities are constantly required to make up for expendable medical supplies as soon as possible and in response to different, often conflicting, needs of staff. On demand side, patients, medical staff and partners are constantly asking for more supplies and, often, within short notice. That said, budgetary considerations are a whole different burden healthcare facilities face on a day-to-day basis, if not on an hourly basis. The question of medical supplies is already established in literature (Ahmadi, Masel, Metcalf & Schuller, 2019). The means to manage medical inventory are still in much debate. There are, however, major advances outside healthcare making possible, indeed practically applicable, managing...
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