COLLABORATIVEMANAGEMENTOF

INVENTORYFORIMPROVINGTHE
EFFICIENCYOF---------HOSPITALJAIPUR:
ANANALYTICALSTUDY
By
BHUPENDERKUMARMEHTO
ENROLMENTNo:-BM11/005
UnderTheGuidanceof
Dr.SANDESHKUMARSHARMA
(AssociateProf.)

INTRODUCTION
DEFINITION:-

Inventory management is primarily about specifying the size and

placement of stocked goods.
Therearethreebasicreasonsforkeepinganinventory:
1) Time - The time lags present in the supply chain, from supplier to
user at every stage, requires that you maintain certain amount of
inventory to use in this "lead time"
2) Uncertainty - Inventories are maintained as buffers to meet
uncertainties in demand, supply and movements of goods.
3) Economiesofscale-Ideal condition of "one unit at a time at a place
where user needs it, when he needs it" principle tends to incur lots of
costs in terms of logistics. So Bulk buying, movement and storing
brings in economies of scale, thus inventory.

TECHNIQUESUSEDININVENTORYMANAGEMENT

ABC ANALYSIS.
VED ANALYSIS(Vital,
FSND

Essential, and Desirable).

ANALYSIS(Fast, Slow-moving, Non-moving

and dead stock).

SDE ANALYSIS(Scare,

Difficult and Easy).

HML ANALYSIS(High,

Medium and Low).

OBJECTIVES OF THE
STUDY:1. To study the tools and techniques of inventory management
adopted at ---------- hospital.
2. To study the inventory control measures in inventory
management.
3. To study how ABC analysis and VED techniques are
implemented in inventory management.
4. To identify problems related to inventory management.
5. To study the inventory management procedure.

LIMITATIONS OF STUDY: The

study is confined to ______ hospital, jaipur only.

The

interpretations and recommendations are merely

applicable to the ________ hospital.

Sample
Time
Top

size was restricted to 60 respondents.

constraints.

management had not adequate time, due to their

busy schedule.
Some

information was confidential.

HOSPITAL PROFILE:

_______

Hospital is multi-specialty, 102 bedded, state-of-art medical

center, in Jaipur (Rajasthan, INDIA). Established in year 1994.

under

the leadership of the Managing Director,____________, a

renowned name in the field of medicine.

A quick glance at _________ Hospital
Large

building with 30,000 sq built up area

Total number of beds: 102
Intensive Care Unit: 15 beds
Fully equipped Neonatal ICU
5 operation theatres

 200
35

full-time employees

eminent consultants

Cath

labs & angiographies

Kidney

Transplants

Obesity

/ Weight loss Surgery

Medical

Tourism Initiatives

FeaturingTele-medicine

Research Methodology:
Definition: Research

is the systematic and objective analysis and

recording of controlled observation that may leads to

generalization of principles or theories, resulting in
prediction and possibilities of ultimate control event. It
is carefully investigation and enquiry specially through
search for new facts in any branch of knowledge.

SAMPLEUNIT

_______ HOSPITAL

SAMPLESIZE

60 employees

SAMPLINGPROCEDURE:

For the study, respondent were selected on the basis of random

sampling.

SOURCEOFTHEDATA:-

The study requires both primary and secondary data.

DATAPRESENATIONTOOLSUSED:

The facts are presented in the form of pie- charts and bars.

FINDINGS:

In _______ hospital most of the employees are aware about

inventory management, production management and supply-chain
management.

________ hospital is using traditional and just- in time methods of

operation management.

Inventory department is using A-B-C and V.E.D analysis for the

management of material.

Store department is using first in first out method of issuing of

material in apex hospital.

________ hospital consist a purchasing committee which is

composed of Managing director ,purchase manager, store-in charge
and store manager.

Store department is using economical order quantity method of

order.

Most of the purchasing order is manually prepared and it is

prepared by store manager and approved by purchase manager. No
order can give without approval of purchase manager.

In hospital there is no specific place for receiving and inspection of

consignment material from the distributor or producer.

Product evaluation system in _______ hospital is not so effective.

RECOMMANDATIONS:

_________

Hospital should adopt accurately measure inventory level and

forecast supply needs methods.

There

should be a clear and easy procedure that how inventory will move

throughout the hospital.

Responsibilities

should be well defined for each employee in inventory

management system.

Store
The

should have more space so that in according to need it can be extended.

employees should have skills and qualification according to the need of the

place.

Optimize

process to eliminate operational bottleneck.

 Generate

aware in the employees for inventory management and

clearly define the objectives of inventory management to the

employees of hospital.
Minimize
Audit

shrinkage due to theft or unnecessary use of inventory.

should be done by the top management at regular basis.

Advance

inventory management technology should use to

improve performance.
There

should

be strong coordination between different

departments of hospital
Hospital

should use effective product evaluation system.

CONCLUSION:

Inventory department of ___________ hospital uses economical

order quantity as the basis for stockage levels and reorder
quantities.

There exists a moderate level of satisfaction with the current

system.

The

majority

of

respondents

had

moderate

level

of

experience/knowledge of inventory management.

The level of efficiency effectiveness of the inventory management

system is moderate.

The coordination between different departments is low, which

reduces the overall productivity hospital.