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<\/a><\/figure><\/div>\n\n\n<\/span>4 Techniques of Hospital Inventory Management<\/span><\/h2>\n\n\n\n<\/span>1. Implement Viable Organising & Labelling Practices<\/span><\/h3>\n\n\n\nThe biggest challenge to inventory management in hospitals arises from bad organizing practices. Faulty practices like haphazard organizing, putting things in the wrong places, mismanagement, wrong labeling of items etc. can hamper a hospital\u2019s operations and inadvertently, affecting their bottom line.<\/p>\n\n\n
\n![\"hospital](\"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2018\/06\/Hospital-Inventory-Management-blog-03.jpg\")
<\/figure><\/div>\n\n\nIn light of this, hospitals should implement organizing practices that minimize inventory mismanagement. Employing common practices like designating space in your closets and supply room for each type of product is an effective way to keep your inventory well organised.<\/p>\n\n\n\n
For example, designate a space in your hospital premises for injections which contains needles and syringes, a separate space for IVs and other related paraphernalia, and so on.<\/p>\n\n\n\n
Additionally, hospitals can also improve their inventory management by stocking products, which are about to expire, towards the front so that they are used first. This practice minimizes loss of inventory, waste of resources and consequently, financial loss.<\/p>\n\n\n\n
Wrong labeling of products has a significant impact on inventory management as it leads to wrongful assessment and reporting of products in stock. A hospital is severely affected when products are labeled incorrectly. That\u2019s because wrong labeling gives the idea that the volume of a certain product, in stock, is more or less than it actually is.<\/p>\n\n\n\n
This leads to either excess purchase or no purchase at all. Such problems can be solved by training your staff in proper labeling practices and setting regulatory standards that help in the prevention of mislabeling. This includes implementing a barcode tagging system for products, double-checking labels and so on.<\/p>\n\n\n\n
<\/span>2. Train your Staff in Inventory Management<\/span><\/h3>\n\n\n\nYour hospital\u2019s staff are the ones who access the inventory on a regular basis. This includes managing and keeping a track of where medical equipment is kept and how to get them.<\/p>\n\n\n\n
Inventory mismanagement by staff takes place when they aren\u2019t aware of common practices such as taking things from assigned places and keeping the unused products back in the same place. Or, when they fail to check the shelf-life of products to determine which products need to be used immediately.<\/p>\n\n\n\n
Your best bet to reduce inventory management cost is to train your staff in handling medical supplies. Explain, in detail, the impact of poor inventory handling as well as the effect it has on the business side of the hospital. Train them in checking the shelf-life of products to maximize utility and minimize loss.<\/p>\n\n\n\n
Clarify their roles and responsibilities in managing inventory and the do\u2019s and don\u2019ts that need to be adhered to. Training them in proper inventory management practices would help in maintaining accountability of your inventory.<\/p>\n\n\n\n
<\/span>3. Implement Advanced Technology<\/span><\/h3>\n\n\n\nIt\u2019s a no brainer that technological advancements have propelled businesses all over the world, to be better and more efficient. The same applies to hospitals where hospital management software has helped hospitals, clinics and medical facilities in streamlining their operations and making it more efficient.<\/p>\n\n\n\n
Your hospital would benefit from various verticals of hospital management like OPD management, pharmacy management<\/a>, OT management etc. A hospital management software like Med-E-Nova<\/a><\/strong> provides solutions for all financial, clinical and operational activities in a hospital.<\/p>\n\n\n\n
The biggest challenge to inventory management in hospitals arises from bad organizing practices. Faulty practices like haphazard organizing, putting things in the wrong places, mismanagement, wrong labeling of items etc. can hamper a hospital\u2019s operations and inadvertently, affecting their bottom line.<\/p>\n\n\n
<\/figure><\/div>\n\n\nIn light of this, hospitals should implement organizing practices that minimize inventory mismanagement. Employing common practices like designating space in your closets and supply room for each type of product is an effective way to keep your inventory well organised.<\/p>\n\n\n\n
For example, designate a space in your hospital premises for injections which contains needles and syringes, a separate space for IVs and other related paraphernalia, and so on.<\/p>\n\n\n\n
Additionally, hospitals can also improve their inventory management by stocking products, which are about to expire, towards the front so that they are used first. This practice minimizes loss of inventory, waste of resources and consequently, financial loss.<\/p>\n\n\n\n
Wrong labeling of products has a significant impact on inventory management as it leads to wrongful assessment and reporting of products in stock. A hospital is severely affected when products are labeled incorrectly. That\u2019s because wrong labeling gives the idea that the volume of a certain product, in stock, is more or less than it actually is.<\/p>\n\n\n\n
This leads to either excess purchase or no purchase at all. Such problems can be solved by training your staff in proper labeling practices and setting regulatory standards that help in the prevention of mislabeling. This includes implementing a barcode tagging system for products, double-checking labels and so on.<\/p>\n\n\n\n
<\/span>2. Train your Staff in Inventory Management<\/span><\/h3>\n\n\n\nYour hospital\u2019s staff are the ones who access the inventory on a regular basis. This includes managing and keeping a track of where medical equipment is kept and how to get them.<\/p>\n\n\n\n
Inventory mismanagement by staff takes place when they aren\u2019t aware of common practices such as taking things from assigned places and keeping the unused products back in the same place. Or, when they fail to check the shelf-life of products to determine which products need to be used immediately.<\/p>\n\n\n\n
Your best bet to reduce inventory management cost is to train your staff in handling medical supplies. Explain, in detail, the impact of poor inventory handling as well as the effect it has on the business side of the hospital. Train them in checking the shelf-life of products to maximize utility and minimize loss.<\/p>\n\n\n\n
Clarify their roles and responsibilities in managing inventory and the do\u2019s and don\u2019ts that need to be adhered to. Training them in proper inventory management practices would help in maintaining accountability of your inventory.<\/p>\n\n\n\n
<\/span>3. Implement Advanced Technology<\/span><\/h3>\n\n\n\nIt\u2019s a no brainer that technological advancements have propelled businesses all over the world, to be better and more efficient. The same applies to hospitals where hospital management software has helped hospitals, clinics and medical facilities in streamlining their operations and making it more efficient.<\/p>\n\n\n\n
Your hospital would benefit from various verticals of hospital management like OPD management, pharmacy management<\/a>, OT management etc. A hospital management software like Med-E-Nova<\/a><\/strong> provides solutions for all financial, clinical and operational activities in a hospital.<\/p>\n\n\n\n
It\u2019s a no brainer that technological advancements have propelled businesses all over the world, to be better and more efficient. The same applies to hospitals where hospital management software has helped hospitals, clinics and medical facilities in streamlining their operations and making it more efficient.<\/p>\n\n\n\n
Your hospital would benefit from various verticals of hospital management like OPD management, pharmacy management<\/a>, OT management etc. A hospital management software like Med-E-Nova<\/a><\/strong> provides solutions for all financial, clinical and operational activities in a hospital.<\/p>\n\n\n\n
![\"hospital](\"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2018\/06\/Hospital-Inventory-Management-blog-04.jpg\")
<\/figure><\/div>\n\n\n