What share of hospital costs do supplies represent, Cost Accounting

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What share of hospital costs do supplies represent

Problem

1) What share of hospital costs do supplies represent?

2) Why would overordering supplies drive up costs?

3) Why would underordering supplies drive up costs?

4) Can you offer examples of Lean inventory management? Does it work well?

5) Can you offer examples of just-in-time inventory management? Does it work well?

6) Can you offer examples of supplies that have to be available at all times?

7) What are the main challenges to making accurate forecasts of supply use in hospitals?

8) How would you forecast supply use in the emergency department? Why?

9) How would you forecast supply use in hospital clinics? Why?

10) Would you use judgment in making these forecasts? Why?

11) Would you use statistical models in making these forecasts? Why?

12) How are supply chain forecasts different for hospitals than for retail? For manufacturing?

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Cost Accounting: What share of hospital costs do supplies represent

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Cost Accounting: What share of hospital costs do supplies represent

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