{"id":12237,"date":"2024-05-03T16:37:34","date_gmt":"2024-05-03T08:37:34","guid":{"rendered":"https:\/\/medicare-asia.com\/?p=12237"},"modified":"2024-12-11T17:29:40","modified_gmt":"2024-12-11T09:29:40","slug":"steps-in-managing-medical-inventory","status":"publish","type":"post","link":"https:\/\/www.medicare-asia.com\/en\/steps-in-managing-medical-inventory\/","title":{"rendered":"Steps in Managing Medical Inventory"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"12237\" class=\"elementor elementor-12237\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bcb1b40 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bcb1b40\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-936cef8\" data-id=\"936cef8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2375d1f elementor-widget elementor-widget-text-editor\" data-id=\"2375d1f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 24-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>The main purpose in keeping track of Medical Inventory is to protect medicine from damage, loss, theft, or wastage and to ensure the availability of necessary medicine for saving patients&#8217; lives in a hospital. Here are some steps to follow when managing medical inventory.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c71bb43 elementor-widget elementor-widget-heading\" data-id=\"c71bb43\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 24-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-xl\">1. Decide what medical inventory to buy <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-796deb3 elementor-widget elementor-widget-text-editor\" data-id=\"796deb3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Once you\u2019ve gotten your office organized, make a list of everything you may already have on hand or will need to acquire to fully stock your medical office. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae313f6 elementor-widget elementor-widget-text-editor\" data-id=\"ae313f6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">While your medical practice\u2019s specialty will dictate much of your inventory list, there are many items that just about every medical practice needs to have on hand. These essentials include items such as blood pressure monitors, thermometers, cotton swabs, syringes, common medications, procedural trays, and materials for sanitizing workspaces.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb921d2 elementor-widget elementor-widget-heading\" data-id=\"cb921d2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">2. Create your medical inventory list<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fed540d elementor-widget elementor-widget-text-editor\" data-id=\"fed540d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">As you decide what your medical practice needs to stock, create your own comprehensive medical supply checklist, or inventory list. You can do this in a few different ways: on a sheet of paper, with a medical inventory spreadsheet, or directly into an inventory app.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e2a6aa elementor-widget elementor-widget-text-editor\" data-id=\"9e2a6aa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Regardless of what inventory management system you select, you\u2019ll need to record all the essential details about every item in your inventory. This includes the item name, SKU, serial number, location, minimum quantity, cost, quantity in stock, and any other details that matter to you. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f58d26 elementor-widget elementor-widget-heading\" data-id=\"5f58d26\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">3. Set low stock alerts, warranty end, and expiry date reminders\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a69324a elementor-widget elementor-widget-text-editor\" data-id=\"a69324a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If using a spreadsheet to track your medical inventory and equipment, you\u2019ll need to find a system to keep track of important dates, too. You should set calendar reminders for reordering inventory, warranty ends, and expiration dates.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ca0d0a8 elementor-widget elementor-widget-text-editor\" data-id=\"ca0d0a8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If that process sounds daunting, try medical inventory management software that can automate these reminders.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be4b20b elementor-widget elementor-widget-heading\" data-id=\"be4b20b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">4. Keep your medical inventory list updated<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-144e7ef elementor-widget elementor-widget-text-editor\" data-id=\"144e7ef\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you choose to use a spreadsheet to manage your medical inventory, you\u2019ll need to decide when your team will physically count your supplies, materials, and equipment. Some practices conduct physical inventory counts daily, while others conduct them weekly or even monthly. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-18257d6 elementor-widget elementor-widget-text-editor\" data-id=\"18257d6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you are transferring inventory information from a printed out medical inventory list to a template, you\u2019ll want to fill out your spreadsheet very carefully. That\u2019s because many data entry errors occur during this process.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8fc9313 elementor-widget elementor-widget-text-editor\" data-id=\"8fc9313\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you don\u2019t want to physically count inventory over and over again, you can switch to a perpetual inventory system instead. Using an inventory app like Sortly, you can simply check items \u201cin\u201d and \u201cout\u201d as they move locations or are consumed. This way, your inventory is always accurate\u2014\u2013and you\u2019ll likely conduct only end-of-year inventory counts to audit your inventory and assets.\u00a0\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fee24b5 elementor-widget elementor-widget-heading\" data-id=\"fee24b5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">Vanda's Inventory Module<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-740dca3 elementor-widget elementor-widget-text-editor\" data-id=\"740dca3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Vanda CMS&#8217;s inventory module allows clinic staff to conduct overall management of drugs stocks, keep track of drug information, dispensed, quantities and statistics. There are two kinds of costing method available, AVG and First Expired First Out<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-384d76b elementor-widget elementor-widget-text-editor\" data-id=\"384d76b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A requisition module is also available to recommend clinic administrators\/nurses with procurement quantity based on previous item usage average or user pre-defined stock quantities.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c2a6096 elementor-widget elementor-widget-image\" data-id=\"c2a6096\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 24-04-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"485\" src=\"https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-03-161103-1024x485.png\" class=\"attachment-large size-large wp-image-12241\" alt=\"Vanda Clinic Management System&#039;s Inventory Module\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef3e9d2 elementor-widget elementor-widget-text-editor\" data-id=\"ef3e9d2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Lack of drugs, overdosing and illegal distributions of drugs are extremely serious matters. VandaClinic\u2019s detailed Inventory system ensures that drugs are readily available for patients, drug movements are tracked and audit-able.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7970f11 elementor-widget elementor-widget-text-editor\" data-id=\"7970f11\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Reference: <a href=\"https:\/\/www.sortly.com\/blog\/medical-supply-inventory-list-template\/\">Sortly<\/a><\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The main purpose in keeping track of Medical Inventory is to protect medicine from damage, loss, theft, or wastage and to ensure the availability of necessary medicine for saving patients&#8217; lives in a hospital. Here are some steps to follow when managing medical inventory. 1. Decide what medical inventory to buy Once you\u2019ve gotten your [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[96,95],"class_list":["post-12237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cms","tag-inventory","tag-medical-inventory"],"acf":[],"aioseo_notices":[],"rttpg_featured_image_url":{"full":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/05\/77.png",1080,1080,false],"landscape":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/05\/77.png",1080,1080,false],"portraits":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/05\/77.png",1080,1080,false],"thumbnail":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/05\/77-150x150.png",150,150,true],"medium":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/05\/77-300x300.png",300,300,true],"large":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/05\/77-1024x1024.png",1024,1024,true],"1536x1536":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/05\/77.png",1080,1080,false],"2048x2048":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/05\/77.png",1080,1080,false],"trp-custom-language-flag":["https:\/\/www.medicare-asia.com\/wp-content\/uploads\/2024\/05\/77-12x12.png",12,12,true]},"rttpg_author":{"display_name":"admin","author_link":"https:\/\/www.medicare-asia.com\/en\/author\/malik\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/www.medicare-asia.com\/en\/category\/cms\/\" rel=\"category tag\">CMS<\/a>","rttpg_excerpt":"The main purpose in keeping track of Medical Inventory is to protect medicine from damage, loss, theft, or wastage and to ensure the availability of necessary medicine for saving patients&#8217; lives in a hospital. Here are some steps to follow when managing medical inventory. 1. Decide what medical inventory to buy Once you\u2019ve gotten your&hellip;","_links":{"self":[{"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/posts\/12237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/comments?post=12237"}],"version-history":[{"count":7,"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/posts\/12237\/revisions"}],"predecessor-version":[{"id":12247,"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/posts\/12237\/revisions\/12247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/media\/12239"}],"wp:attachment":[{"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/media?parent=12237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/categories?post=12237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.medicare-asia.com\/en\/wp-json\/wp\/v2\/tags?post=12237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}