Homework
Completely in narrative consultant, third person format paper. Consist of 1600 WORDS. Also, include at least four scholarly sources in your responses and the Sources used MUST be from 2016-2021 (word count for actual essay not including references word count).
1. Discuss the concept of inventory management in a healthcare organization including the following questions:
• Why is proper inventory management important?
• Explain the four methods used to value inventory.
• How can an organization reduce the value of inventory and the number of items in inventory?
• What does an economic order quantity (EOQ or Qe) tell management?
• What is the best way to evaluate inventory management performance?
2. Distinguish between strategic planning and operational planning, including a discussion of planning horizons, goals, management approaches, and who is responsible for implementing and evaluating for each. Why is intentional strategic planning so important?
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.