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Salient Features of Inventory Management System

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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?

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

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

Affecting laboratory work negatively Signup and view all the answers

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

Consider advantages and disadvantages, quality, reliability, and cost of the items Signup and view all the answers

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

Developing a documentation system Signup and view all the answers

How can quantification help in successful inventory management?

By estimating annual budget requirements Signup and view all the answers

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

The frequency of stockouts during the year Signup and view all the answers

When are minimum stocks established for a laboratory?

When making annual plans for the laboratory Signup and view all the answers

What is a consideration in morbidity-based quantification?

The expected frequency of the disease being tested for Signup and view all the answers

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

By ensuring individual tasks are properly managed Signup and view all the answers