health and medical questions

Anonymous

Question Description

Question 1:


Describe some limitations of inventory ratios used by hospitals. In your opinion, how can the limitations be addressed?

Your response must be at least 300 words in length.


Question 2:

Describe the effect of group purchasing organizations on the hospital supply chain.

Your response must be at least 300 words in length.


Does not need to be in APA format



Tutor Answer

eetorres
School: UC Berkeley

Attached.

Health & Medical
1. Describe some limitations of inventory ratios used by hospitals. In your opinion, how
can the limitations be addressed?
The main limitation that can be identified in the use of inventory turnover rations in
healthcare locations, like hospitals, is that the data does not fully convey its meaning
without points of comparison. Alone, these ratios do not provide enough information
for action to be taken. As such, it is imperative that they are given the proper
contextualization for them to divulge any useful data – for instance, tracking the
differences in the inventory ratio over a long period of time or across different
hospitals could yield more important data than the acquisition of an isolated inventory
rate for a single, one-month period. It is necessary, then, that access to other datasets
is guaranteed...

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Anonymous
awesome work thanks

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