HISMLS Lesson 12
Materials Management System - correct answer ✔✔Can be used to manage functions like purchasing,
accounting, inventory management, and patient supply charges
Inventory - correct answer ✔✔One of the biggest expenses for most medical institution (Johnston, 2014)
Purchasing - correct answer ✔✔- Purchasing Request
- Purchase Order
- Receiving Delivery
Inventory Control - correct answer ✔✔Plays an important part in refining the quality of health care
services since lives of people are on the line and medical cost are increasing.
1. Ensuring Shipment Accuracy
2. Aligning with sales projection
3. Complying with regulations
4. Establishing buying cycles - correct answer ✔✔Strategies in improving inventory control in the health
care facility.
Ensuring Shipment Accuracy - correct answer ✔✔Checking shipments for accuracy means ensuring that
the received items are the ones ordered and the supplies are free from possible damages during transit.
Aligning with Sales Projections - correct answer ✔✔Coming up with an inventory tracking report in
comparison with actual sales proves to be a challenge in the field of medicine. It is necessary to prevent
wastage, identify trends, and ensure that there is no excess inventory.
Complying with Regulations - correct answer ✔✔The health institution should be responsive to the
current trends and needs of the highly regulated health care industry. The regulators monitor health
institutions and determine the success or failure of companies to serve the best interest of the patients.
, Establishing Buying Cycles - correct answer ✔✔Buying cycles should be determined and understood by
inventory personnel based on the previous cycles, so that inventory ordering becomes manageable
through the elimination of shortages and overages.
Item Master Maintenance - correct answer ✔✔It has many sections. The upper portion contain master
information. Additional options appear after the selection of an existing item.
Item Tab - correct answer ✔✔Used for maintenance of the attributes of an inventory item
Item Availability - correct answer ✔✔Form specifies inventory levels across all warehouses.
Item Indents and Issues - correct answer ✔✔- There are some instances when items are damaged either
upon receipt from the supplier or during the move of the source to another location.
- Damaged items are moved to another warehouse for them to be monitored
Reorder Level - correct answer ✔✔The minimum quantity of an item that a company has in stock, so
when the stock reaches the stated minimum quantity, the item must then be reordered.
Min/Max Inventory Ordering Method - correct answer ✔✔The basic reordering method implemented in
many ERP's and other inventory management software.
Min value - correct answer ✔✔Representative of a stock level that prompts a reorder.
Max value - correct answer ✔✔Representative of a new targeted stock level that follows the reorder.
Webrino (2018) - correct answer ✔✔According to them, EQOID are the documents required in the
materials management process.
Economic Order Quantity (EOQ) - correct answer ✔✔Often interpreted as the main difference between
the Min and Max value
Materials Management System - correct answer ✔✔Can be used to manage functions like purchasing,
accounting, inventory management, and patient supply charges
Inventory - correct answer ✔✔One of the biggest expenses for most medical institution (Johnston, 2014)
Purchasing - correct answer ✔✔- Purchasing Request
- Purchase Order
- Receiving Delivery
Inventory Control - correct answer ✔✔Plays an important part in refining the quality of health care
services since lives of people are on the line and medical cost are increasing.
1. Ensuring Shipment Accuracy
2. Aligning with sales projection
3. Complying with regulations
4. Establishing buying cycles - correct answer ✔✔Strategies in improving inventory control in the health
care facility.
Ensuring Shipment Accuracy - correct answer ✔✔Checking shipments for accuracy means ensuring that
the received items are the ones ordered and the supplies are free from possible damages during transit.
Aligning with Sales Projections - correct answer ✔✔Coming up with an inventory tracking report in
comparison with actual sales proves to be a challenge in the field of medicine. It is necessary to prevent
wastage, identify trends, and ensure that there is no excess inventory.
Complying with Regulations - correct answer ✔✔The health institution should be responsive to the
current trends and needs of the highly regulated health care industry. The regulators monitor health
institutions and determine the success or failure of companies to serve the best interest of the patients.
, Establishing Buying Cycles - correct answer ✔✔Buying cycles should be determined and understood by
inventory personnel based on the previous cycles, so that inventory ordering becomes manageable
through the elimination of shortages and overages.
Item Master Maintenance - correct answer ✔✔It has many sections. The upper portion contain master
information. Additional options appear after the selection of an existing item.
Item Tab - correct answer ✔✔Used for maintenance of the attributes of an inventory item
Item Availability - correct answer ✔✔Form specifies inventory levels across all warehouses.
Item Indents and Issues - correct answer ✔✔- There are some instances when items are damaged either
upon receipt from the supplier or during the move of the source to another location.
- Damaged items are moved to another warehouse for them to be monitored
Reorder Level - correct answer ✔✔The minimum quantity of an item that a company has in stock, so
when the stock reaches the stated minimum quantity, the item must then be reordered.
Min/Max Inventory Ordering Method - correct answer ✔✔The basic reordering method implemented in
many ERP's and other inventory management software.
Min value - correct answer ✔✔Representative of a stock level that prompts a reorder.
Max value - correct answer ✔✔Representative of a new targeted stock level that follows the reorder.
Webrino (2018) - correct answer ✔✔According to them, EQOID are the documents required in the
materials management process.
Economic Order Quantity (EOQ) - correct answer ✔✔Often interpreted as the main difference between
the Min and Max value
