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Material
Management The materials management procedures would enable
centralised procurement and distribution of medical, biomedical,
pharmaceutical, engineering, furniture, linen and general items.
Inventory
control system is a management tool used to maintain an economic
minimum investment in materials and products for the purpose of obtaining
maximum financial return.
Objectives
of inventory control
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To reduce the financial investment in
inventories
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To minimize idle time by avoiding
stock outs and shortages
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To avoid losses from inventory
obsolescence
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To improve quality of care
Few
Calculators are mentioned below for finding out important ratios:
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