Here are four insights:
1. A small amount of inventory variance is expected, but it should be minimized by regularly generating and reviewing inventory reports.
2. Other ways to minimize variance include having trained staff members conduct inventory audits, maintaining accurate inventory records and using a digital management system.
3. Continuous inventory variance can create bottlenecks and inventory loss. These issues put patients at risk, threaten care quality and lead to revenue losses.
4. Variance can cause too much product to be stocked in one area and increase holding costs.
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ASC supply chain tip of the day: Ensure strategic alignment
ASC supply chain tip of the day: Review items in packs
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