function of Material-Management

Jun 28th, 2015
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Abilene Christian University
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The material management in the health care system is concerned with providing the drugs, supplies and equipment needed by health personnel to deliver health services.. About 40 percent of the funds in the health care system are used up for providing materials. It is of great importance that materials of right quality are supplied to the consumers.

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2MATERIALSBASIC CONCEPTS AND FORMULAE1.Maximum Level: It indicates the maximum figure of inventory quantity held in stock atany time.2.Minimum Level: It indicates the lowest figure of inventory balance, which must bemaintained in hand at all times, so that there is no stoppage of production due to nonavailability of inventory.3.Re-order level: This level lies between minimum and the maximum levels in such a waythat before the material ordered is received into the stores, there is sufficient quantity onhand to cover both normal and abnormal consumption situations.4.Danger level: It is the level at which normal issues of the raw material inventory arestopped and emergency issues are only made.5.ABC Analysis: It is a system of inventory control. It exercises discriminating control overdifferent items of stores classified on the basis of the investment involved. Items areclassified into the following categories:A Category: Quantity less than 10 % but value more than 70 %B Category; Quantiy less than 20 % but value about 20 %C Category: Quantity about 70 % but value less than 10%6.Two bin system: Under this system each bin is divided into two parts - one, smaller part,should stock the quantity equal to the minimum stock or even the re-ordering level, andthe other to keep the remaining quantity. Issues are made out of the larger part; but assoon as it becomes necessary to use quantity out of the smaller part of the bin, freshorder is placed.

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