Write short on standardization of stock items

Assignment Help Other Subject
Reference no: EM133903

QUESTION 1

Case Study- Pharmaceutical Products

One of the pillars of welfare state in Mauritius is free healthcare service for all Mauritians. To meet the objectives of free healthcare, the Ministry of Health & Quality of Life, has the responsibility, among many others, to procure, store and distribute pharmaceutical products for the benefits of in-patients as well as out-patients receiving treatment at the various hospitals and health centres

Obtaining pharmaceutical products from the right source, in the right quantity, at the right time and at the least possible cost poses daunting challenges to staffs who are involved in procurement, storage and inventory management functions. The major constraints usually faced in this regard may be summarized as follows-

• Working out the Ministry's annual requirements

• Limited funds but unlimited needs

• The wide range of items required, including life saving medicines

• Placing orders, receiving consignments and effecting relevant payments within a financial year

• Most of the supplies have to be procured from overseas sources all across the five continents

• Shelf life of products

• Limited storage space

Everyone in the Ministry agrees that one way of addressing these challenges is to have a sound inventory policy in place.

(a) In your opinion, what type of inventory policy would be most suitable with regard to pharmaceutical products for public sector healthcare institutions in Mauritius?

(b) Enumerate and explain five main factors that are likely to influence the inventory policy

(c) Suggest and elaborate two measures which you think would ensure a lean approach in the supply chain of pharmaceutical products in the hospitals and health centres

QUESTION 2

Distinguish between dependent and independent demand, illustrating your answers with appropriate examples, and indicate one inventory management technique, with explanation, for each class of demand

QUESTION 3

The cost of acquiring stock and holding stock in a warehouse drains the organization's resources

(a) Explain the meaning of these two costs

(b) Under each of the two headings (i.e. cost of acquiring and cost of holding stock), list two elements of cost and suggest a measure to control each of these elements of cost

QUESTION 4

(a) Using detailed examples, identify three measures that are likely to promote security or prevent thefts in warehouses

(b) Health and safety issues at workplaces are regulated under the Health and Safety Act (2005)

List five health or safety measures which need to be put in place to protect workers involved in storage, movement and distribution of supplies

QUESTION 5

Write short notes on-

(a) Standardization of stock items

(b) Internal customers in organizations

(c) Distribution resource planning (DRP)

(d) Electronic data interchange (EDI)

(e) Stocktaking

 

Reference no: EM133903

Questions Cloud

Explain the meaning of standardization of stock items : List and explain three main characteristics of a good Forecasting Discuss two possible consequences of a wrong Forecasting of requirements Describe two benefits and two drawbacks of a Just In Time (JIT) supply system. Give examples to illustrat..
Explain functionalism, conflict theory and interactionism : Explain  functionalism, conflict theory and interactionism
Compute dissimilarity in blood pressure : Compute dissimilarity in blood pressure
Analyse the instantaneous velocity of the car : Analyse the instantaneous velocity of the car
Write short on standardization of stock items : Write short notes on- (a) Standardization of stock items (b) Internal customers in organizations (c) Distribution resource planning (DRP) (d) Electronic data interchange (EDI) (e) Stocktaking
Calculate the net work done on gas : Calculate the net work done on Gas
Find out the change in entropy of the system : Find out the change in entropy of the system
Examine the characteristics of small island developing state : Examine the characteristics of small island developing states that pose special development challenges and those that favour tourism development

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd