CRMP NEW EXAM WITH COMPLETE SOLUTIONS
100% VERIFIED
Percentage of Back-Orders inventory ratio - ANSWER percentage of line items
requisitioned that were put on back order. Calculated by the number of line items back
ordered divided by the total number of line items requisitioned.
What are 5 objectives for a successful warehouse - ANSWER Effective use of space;
Effective use of equipment; Effective use of labor; Accessibility of all items; Protection of
all items.
Describe ABC analysis - ANSWER ABC analysis is an ideal way to determine ideal
order quantity. It classifies inventory items into groups by annual dollar value of
expense. All inventory items are listed in descending order from highest $ usage to
lowest. For example, if 10% of the inventory items account for 70% of the expense, then
focusing attention on the control of the inventory items in the 10% would be most
effective for the organization.
What are the reasons it is a challenge to manage the materials of the OR- ANSWER
Diverse group of physicians and others requesting specific preferences; Often has the
largest $ volume of purchases; Inventories are frequently "unofficial"; Inventory turn
rates are very low; Obsolescence can be high.
What are some of the factors that affect consumption rates in the OR - ANSWER
Physician preference items; Type of facilities are services provided; Patient Mix; Types
of surgeries performed; Number of admissions; Location of the OR in relation to the MM
storeroom.
What is the first step in an OR inventory management program - ANSWER A "needs
analysis".
A "Needs Analytsis" is composed of the following questions - ANSWER 1. What is the
,history of the OR
2. What are the OR's material needs verses their wants
3. What specialties and services does your OR provide
4. Are you matching products, supplies and equipment to those specialties
5. Who are the key players in the OR?
6. What are OR's physical space and storage requirements?
These steps generally follow a "Needs Analysis" - ANSWER A financial and operational
analysis that should determine:
1. OR Inventory value
2. OR budget for the fiscal year
3. Current turnrate and benchmarks for improvement
4. Status of current OR vendor relationships
5. Financial impact/ revenue equivalency
6. Current automation capabilities
ERP (Enterprise Resouce Planning) - ANSWER Integrates business processes and
data in a standardized information system across the organization. Must provide the
functions of at least 2 systems (i.e. MMIS and Accounting)
Point of Use POU - ANSWER The distribution of medical supplies and pharmaceuticals,
typically in small units of measure, such as "each" as near to the patient (point of use) as
possible or practical.
POE Benefits ANSWER Reduction in overall inventory, detailed identification of supply
use by patient or bed location, reduce the number of material outages via electronic
initiated low level waning mechanism, reduced staff time to inventory carts, eliminate
nursing staff need for charge cards, enhanced charge audit activity, automatic
electronic regenration of purchase order to vendor
Negative of POU - ANSWER High implementation and maintenance costs, nursing staff
,can view as an adminitrative burden
MMIS assessment requirements: stakeholders - ANSWER executive sponsor, major
areas of materials management, Finance, IT, End users, OR, Project manager
Three key questions for an MMIS assessment requirements - ANSWER Does the MMIS
align with my operations, Does it automate my supply chain, Is the MMIS meeting my
techinical requirements
Steps in an MMIS assessment - ANSWER Requirements, Requirements rating, Gap
analysis
Basic steps for MMIS acquisition - ANSWER Creation of the acquisistion team,
Calculation of the value to be gained (ROI), Adaption of the gap analysis, creation of the
RFI, Comparison of returned RFI's, Demonstrations, RFP, Total cost analysis, Final
decision and contract negotiation
Gap Analysis for MMIS Acquisition- ANSWER An internal comparison of how the current
MMIS can handle the current state and future goals. Should encompass several areas
such as Training, Data Conversion and Support
Typical steps in an MMIC implementation - ANSWER Planning, Conversion and
interface - which would include business process design, Training, Pilot, Go Live
MMIS Implementation Planning discussion topics - ANSWER Contract review, Meeting
Schedules, Review of Basic Project plan, Goals for data cleansing, Interfaces, Walk
through of all functionality to identify gaps, Training Schedules and requirements.
MMIS Implementation: The Pilot is a test of - ANSWER End User Knowledge (did the
training stick), Application (is it functioning as expected), Data Conversion (is the data
accurate?), Interfaces (is the data sucessfully transmitted?)
FDA requirements if UDI - ANSWER Label of a device bear a unique identifier, Identifier
, to be able to identify the device through distribution and use, Identifier to include the lot
and serial number if specified by the FDA
UNSPSC (United Nations Std Product and Services Code - ANSWER An open global
standard taxonomy that allows organizations to classify the products and services that
they buy and sell.
EDI - ANSWER Electronic Data Exchange. A computer to computer exchange of
business documents in a standard format.
Two things needed by a purchasing department in order for them to purchase
something over the internet - ANSWER 1. Secure Internet connection 2. Permission to
use an organization's purchase card.
Financial statements - ANSWER a writtne report that quanitatively describes the
financial heath of an organization. includes balance sheet, income statement and cash
flow statement.
Balance Sheet - ANSWER A statement of the organizations assets, liabilities, and
worth at a particular point in time. Identifies and compares current and past
perfromance.
Income statement - ANSWER Also known as a profit loss statement this is a financial
performance record covering a certain period of time. Lists revenues and expenses
icurref for the facility.
Cash Flow statement - ANSWER A measure of an organization's level of financial
health. It is the record of cash receipts less cahs payments over a given period of time.
Accounting Equation (Balance sheet relationships) - ANSWER Assets = liabilities +
owner's equity.
Current Assets - ANSWER short term commitments that are liquid and can readily be
100% VERIFIED
Percentage of Back-Orders inventory ratio - ANSWER percentage of line items
requisitioned that were put on back order. Calculated by the number of line items back
ordered divided by the total number of line items requisitioned.
What are 5 objectives for a successful warehouse - ANSWER Effective use of space;
Effective use of equipment; Effective use of labor; Accessibility of all items; Protection of
all items.
Describe ABC analysis - ANSWER ABC analysis is an ideal way to determine ideal
order quantity. It classifies inventory items into groups by annual dollar value of
expense. All inventory items are listed in descending order from highest $ usage to
lowest. For example, if 10% of the inventory items account for 70% of the expense, then
focusing attention on the control of the inventory items in the 10% would be most
effective for the organization.
What are the reasons it is a challenge to manage the materials of the OR- ANSWER
Diverse group of physicians and others requesting specific preferences; Often has the
largest $ volume of purchases; Inventories are frequently "unofficial"; Inventory turn
rates are very low; Obsolescence can be high.
What are some of the factors that affect consumption rates in the OR - ANSWER
Physician preference items; Type of facilities are services provided; Patient Mix; Types
of surgeries performed; Number of admissions; Location of the OR in relation to the MM
storeroom.
What is the first step in an OR inventory management program - ANSWER A "needs
analysis".
A "Needs Analytsis" is composed of the following questions - ANSWER 1. What is the
,history of the OR
2. What are the OR's material needs verses their wants
3. What specialties and services does your OR provide
4. Are you matching products, supplies and equipment to those specialties
5. Who are the key players in the OR?
6. What are OR's physical space and storage requirements?
These steps generally follow a "Needs Analysis" - ANSWER A financial and operational
analysis that should determine:
1. OR Inventory value
2. OR budget for the fiscal year
3. Current turnrate and benchmarks for improvement
4. Status of current OR vendor relationships
5. Financial impact/ revenue equivalency
6. Current automation capabilities
ERP (Enterprise Resouce Planning) - ANSWER Integrates business processes and
data in a standardized information system across the organization. Must provide the
functions of at least 2 systems (i.e. MMIS and Accounting)
Point of Use POU - ANSWER The distribution of medical supplies and pharmaceuticals,
typically in small units of measure, such as "each" as near to the patient (point of use) as
possible or practical.
POE Benefits ANSWER Reduction in overall inventory, detailed identification of supply
use by patient or bed location, reduce the number of material outages via electronic
initiated low level waning mechanism, reduced staff time to inventory carts, eliminate
nursing staff need for charge cards, enhanced charge audit activity, automatic
electronic regenration of purchase order to vendor
Negative of POU - ANSWER High implementation and maintenance costs, nursing staff
,can view as an adminitrative burden
MMIS assessment requirements: stakeholders - ANSWER executive sponsor, major
areas of materials management, Finance, IT, End users, OR, Project manager
Three key questions for an MMIS assessment requirements - ANSWER Does the MMIS
align with my operations, Does it automate my supply chain, Is the MMIS meeting my
techinical requirements
Steps in an MMIS assessment - ANSWER Requirements, Requirements rating, Gap
analysis
Basic steps for MMIS acquisition - ANSWER Creation of the acquisistion team,
Calculation of the value to be gained (ROI), Adaption of the gap analysis, creation of the
RFI, Comparison of returned RFI's, Demonstrations, RFP, Total cost analysis, Final
decision and contract negotiation
Gap Analysis for MMIS Acquisition- ANSWER An internal comparison of how the current
MMIS can handle the current state and future goals. Should encompass several areas
such as Training, Data Conversion and Support
Typical steps in an MMIC implementation - ANSWER Planning, Conversion and
interface - which would include business process design, Training, Pilot, Go Live
MMIS Implementation Planning discussion topics - ANSWER Contract review, Meeting
Schedules, Review of Basic Project plan, Goals for data cleansing, Interfaces, Walk
through of all functionality to identify gaps, Training Schedules and requirements.
MMIS Implementation: The Pilot is a test of - ANSWER End User Knowledge (did the
training stick), Application (is it functioning as expected), Data Conversion (is the data
accurate?), Interfaces (is the data sucessfully transmitted?)
FDA requirements if UDI - ANSWER Label of a device bear a unique identifier, Identifier
, to be able to identify the device through distribution and use, Identifier to include the lot
and serial number if specified by the FDA
UNSPSC (United Nations Std Product and Services Code - ANSWER An open global
standard taxonomy that allows organizations to classify the products and services that
they buy and sell.
EDI - ANSWER Electronic Data Exchange. A computer to computer exchange of
business documents in a standard format.
Two things needed by a purchasing department in order for them to purchase
something over the internet - ANSWER 1. Secure Internet connection 2. Permission to
use an organization's purchase card.
Financial statements - ANSWER a writtne report that quanitatively describes the
financial heath of an organization. includes balance sheet, income statement and cash
flow statement.
Balance Sheet - ANSWER A statement of the organizations assets, liabilities, and
worth at a particular point in time. Identifies and compares current and past
perfromance.
Income statement - ANSWER Also known as a profit loss statement this is a financial
performance record covering a certain period of time. Lists revenues and expenses
icurref for the facility.
Cash Flow statement - ANSWER A measure of an organization's level of financial
health. It is the record of cash receipts less cahs payments over a given period of time.
Accounting Equation (Balance sheet relationships) - ANSWER Assets = liabilities +
owner's equity.
Current Assets - ANSWER short term commitments that are liquid and can readily be
