Salient Features of Inventory Management System
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Questions and Answers

What are the three major challenges to Inventory Management System (IMS) mentioned in the text?

  • Quality control of laboratory equipment, cost-effectiveness of laboratory operations, reliable supply chain management
  • Ensuring high productivity, procuring high quality reagents, avoiding wastages
  • Maintaining relationships with vendors, evaluating vendors after purchase, considering quality and cost of items
  • Uninterrupted supply of reagents, procuring high quality reagents at appropriate cost, efficient utilization of laboratory supplies (correct)

    • What is the primary role of vendors in laboratory operations?

  • Ensuring uninterrupted supply of reagents (correct)
  • Setting expectations and maintaining relationships with laboratories
  • Procuring high quality reagents at appropriate cost
  • Evaluating laboratory supplies and ensuring efficient utilization

    • Why is an uninterrupted supply of reagents and materials critical for laboratory operations?

  • To increase the cost of laboratory operations
  • To maintain efficiency and productivity in laboratory work (correct)
  • To enhance vendor relationships for future purchases
  • To minimize wastages in laboratories

    • What factors should laboratories consider when selecting vendors for purchases?

    <p>Vendor's qualifications, specifications of items supplied, and methods of transport used</p> Signup and view all the answers

    In IMS, what is the implication of inefficient utilization of laboratory supplies?

    <p>Affecting laboratory work negatively</p> Signup and view all the answers

    What should laboratories consider when choosing between 'branded' and 'generic' products?

    <p>Consider advantages and disadvantages, quality, reliability, and cost of the items</p> Signup and view all the answers

    What is one of the key requirements for successful implementation of an Inventory Management Program?

    <p>Developing a documentation system</p> Signup and view all the answers

    How can quantification help in successful inventory management?

    <p>By estimating annual budget requirements</p> Signup and view all the answers

    What is a factor to consider when using consumption-based quantification?

    <p>The frequency of stockouts during the year</p> Signup and view all the answers

    When are minimum stocks established for a laboratory?

    <p>When making annual plans for the laboratory</p> Signup and view all the answers

    What is a consideration in morbidity-based quantification?

    <p>The expected frequency of the disease being tested for</p> Signup and view all the answers

    How can assigning responsibilities to lab teams contribute to successful inventory management?

    <p>By ensuring individual tasks are properly managed</p> Signup and view all the answers

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