Inventory Management And Forecasting

Question 1

Inventory management objectives

Answer 1

1- Maintain sufficient inventory to meet patients and practice needs.
2- minimize costs related to overstocking or understocking.
3- order the right amount at the right time.

Question 2

Types of inventory control systems

Answer 2

Continuous inventory system: real-time tracking of all dental supplies. Ex. Local anaesthetics, gloves, burs
Periodic inventory system: supplies counted at regular intervals ( monthly)