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Inventory Management By: Meghan Mattson. “Athletic Trainers have a financial reasonability to maintain control over the inventory of sports medicine equipment and supplies” Richard Ray. Why is Inventory Management Important?. It helps to increase efficiency

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inventory management by meghan mattson

Inventory ManagementBy: Meghan Mattson

“Athletic Trainers have a financial reasonability to maintain control over the inventory of sports medicine equipment and supplies” Richard Ray

why is inventory management important
Why is Inventory Management Important?
  • It helps to increase efficiency
  • Errors in inventory and supply management can equal Financial hardships
definition
Definition
  • Inventory is the amount of materials or products kept in storage or currently available items
          • -James M. Rankin

Athletic Training Management, Concepts and Applications

definition cont
Definition cont.
  • Inventory Management is the process of controlling equipment and supply stocks to maximize your supplies most effectively.
the keys to inventory management
The keys to Inventory Management
  • Acquiring an adequate supply to meet production
  • Providing safety stock in case of the unexpected
  • Investing in inventory wisely
  • Maintaining accurate and up-to-date records
tracking your supplies
Tracking Your Supplies
  • Inventory Regularly
    • Check expendable supplies at least once a month.
    • Sites with Multiply training room’s should check inventory stock at each location once a week.
      • Gather reports of satellites to create a monthly inventory report.
storage
Storage
  • Centralize Storage
    • Keep in one location for easier management.
        • Mary’s Office (tape)
        • Zimmerli Building (everything else)
    • Helps to keep attentive to supply levels.
    • Prevents sudden or unexpected shortages.
monitoring
Monitoring
  • Automate the Inventory Process
    • Develop a continuous monitoring system
    • Easy and Quick access to inventory status
    • Computer and/or Manual
monitoring cont
Monitoring cont.
  • Computer
    • Lots of software's you can purchase
      • http://www.netsuite.com/portal/resource/edemo_main.shtml
    • Excel Spreadsheet
  • Computer
    • Sport Medicine Supple Checkout Form
    • Index Card
slide10
Restrict Access
    • Primary Cause to inventory control breakdown
      • “To many chiefs not enough Indians”
  • Policies and Procedures
    • Who do you think should have access?
    • How would you control flow in and out of supply room?
reminder system
Reminder System
  • Reorder
    • Based on inventory findings
      • X-marks the spot
    • Season
      • Fall, Winter, Spring and summer
  • Self Preference