1. “COLLABORATIVE MANAGEMENT OF
INVENTORY FOR IMPROVING THE
EFFICIENCY OF --------- HOSPITAL JAIPUR:
AN ANALYTICAL STUDY”
By
BHUPENDER KUMAR MEHTO
ENROLMENT No:-BM11/005
Under The Guidance of
Dr. SANDESH KUMAR SHARMA
(AssociateProf.)
2. INTRODUCTION
DEFINITION:-
Inventory management is primarily about specifying the size
and placement of stocked goods.
There are three basic reasons for keeping an inventory:
1) Time - The time lags present in the supply chain, from supplier to
user at every stage, requires that you maintain certain amount of
inventory to use in this "lead time"
2) Uncertainty - Inventories are maintained as buffers to meet
uncertainties in demand, supply and movements of goods.
3) Economies of scale - Ideal condition of "one unit at a time at a
place where user needs it, when he needs it" principle tends to incur
lots of costs in terms of logistics. So Bulk buying, movement and
storing brings in economies of scale, thus inventory.
3. TECHNIQUES USED IN INVENTORY
MANAGEMENT
ABC ANALYSIS.
VED ANALYSIS(Vital, Essential, and Desirable).
FSND ANALYSIS(Fast, Slow-moving, Non-moving and
dead stock).
SDE ANALYSIS(Scare, Difficult and Easy).
HML ANALYSIS(High, Medium and Low).
4. OBJECTIVES OF THE STUDY:-
1. To study the tools and techniques of inventory management
adopted at ---------- hospital.
2. To study the inventory control measures in inventory
management.
3. To study how ABC analysis and VED techniques are
implemented in inventory management.
4. To identify problems related to inventory management.
5. To study the inventory management procedure.
5. LIMITATIONS OF STUDY:-
The study is confined to ______ hospital, jaipur only.
The interpretations and recommendations are merely
applicable to the ________ hospital.
Sample size was restricted to 60 respondents.
Time constraints.
Top management had not adequate time, due to their
busy schedule.
Some information was confidential.
6. HOSPITAL PROFILE:-
_______ Hospital is multi-specialty, 102 bedded, state-of-art
medical center, in Jaipur (Rajasthan, INDIA). Established in year
1994.
under the leadership of the Managing Director,____________, a
renowned name in the field of medicine.
A quick glance at _________ Hospital
Large building with 30,000 sq built up area
Total number of beds: 102
Intensive Care Unit: 15 beds
Fully equipped Neonatal ICU
5 operation theatres
7. 200 full-time employees
35 eminent consultants
Cath labs & angiographies
Kidney Transplants
Obesity / Weight loss Surgery
Medical Tourism Initiatives
FeaturingTele-medicine
8. Research Methodology:-
Definition:-
Research is the systematic and objective analysis and
recording of controlled observation that may leads to
generalization of principles or theories, resulting in
prediction and possibilities of ultimate control event. It
is carefully investigation and enquiry specially through
search for new facts in any branch of knowledge.
9. SAMPLE UNIT
_______ HOSPITAL
SAMPLE SIZE
60 employees
SAMPLING PROCEDURE:-
For the study, respondent were selected on the basis of random
sampling.
SOURCE OF THE DATA:-
The study requires both primary and secondary data.
DATA PRESENATION TOOLS USED:-
The facts are presented in the form of pie- charts and bars.
10. FINDINGS:-
In _______ hospital most of the employees are aware about
inventory management, production management and supply-chain
management.
________ hospital is using traditional and just- in time methods of
operation management.
Inventory department is using A-B-C and V.E.D analysis for the
management of material.
Store department is using first –in first out method of issuing of
material in apex hospital.
11. ________ hospital consist a purchasing committee which is
composed of Managing director ,purchase manager, store-in charge
and store manager.
Store department is using economical order quantity method of
order.
Most of the purchasing order is manually prepared and it is prepared
by store manager and approved by purchase manager. No order can
give without approval of purchase manager.
In hospital there is no specific place for receiving and inspection of
consignment material from the distributor or producer.
Product evaluation system in _______ hospital is not so effective.
12. RECOMMANDATIONS:-
_________ Hospital should adopt accurately measure inventory
level and forecast supply needs methods.
There should be a clear and easy procedure that how inventory will
move throughout the hospital.
Responsibilities should be well defined for each employee in
inventory management system.
Store should have more space so that in according to need it can be
extended.
The employees should have skills and qualification according to
the need of the place.
Optimize process to eliminate operational bottleneck.
13. Generate aware in the employees for inventory management and
clearly define the objectives of inventory management to the
employees of hospital.
Minimize shrinkage due to theft or unnecessary use of inventory.
Audit should be done by the top management at regular basis.
Advance inventory management technology should use to improve
performance.
There should be strong coordination between different departments
of hospital
Hospital should use effective product evaluation system.
14. CONCLUSION:-
Inventory department of ___________ hospital uses economical
order quantity as the basis for stockage levels and reorder quantities.
There exists a moderate level of satisfaction with the current
system.
The majority of respondents had a moderate level of
experience/knowledge of inventory management.
The level of efficiency effectiveness of the inventory management
system is moderate.
The coordination between different departments is low, which
reduces the overall productivity hospital.
There is centralized system of inventory management.
