Five WHY's (1) and Feedback Summary
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5 WHY’S Jincy John
Master Of Health Administration
MHA/505: Systems Thinking in Health Care Environments
September 25, 2023
Problem:
Inefficient inventory management with Pharmacy Information System (PIS).
Why
is our current inventory management system not effective?
The current inventory management system relies heavily on manual data entry, which is time-consuming and prone to errors.
Why do we rely on manual data entry for inventory management?
Because our PIS lacks an automated system for tracking and
updating inventory in real-time.
Why doesn't our PIS have an automated inventory tracking system?
Our current PIS is outdated and was not designed with real-time inventory management in mind.
Why
hasn't the PIS been updated to include real-time inventory management?
Budget constraints and resource allocation have prioritized other areas of the PIS, and there hasn't been a comprehensive assessment of the need for advanced inventory management.
Why
haven't we assessed the need for advanced inventory management?
There hasn't been a systematic process for identifying
opportunities for improvement, like integrating real-time
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HW
Using the Internet, search for commercial IDPS systems. What classification systems and
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Historical Cost
Replacement Cost
Product
Quantity
per unit
per unit
A
17
$430
$499
B
140
325
299
C
38
75
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Recommended textbooks for you
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ISBN:9781285869681
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Related Questions
- What are 3 potential risks associated with replacing the inventory management system, and how can they be mitigated?arrow_forwardExplain if a policy, a standard, a procedure, or a guideline should be used to ensure inventory information systems remains up-to-date within an organization?arrow_forwardHow does a barcode scanner work, and what are its primary uses in retail and inventory management?arrow_forward
- How does the Wilson approach adapt to seasonal variations in demand and inventory management?arrow_forwardTutoring Service Moss Academy offers academic hlp for emelmetary, middle and high school children, The business provides supplies needed as apart of the tutoring service monthly fee: Describe how you plan to structure extension of credit to your customers to ensure the most protection for your company in the event the customer falls behind on payments or files for bankruptcy. Assume that your business will offer some type of credit arrangements even if you do not have plans to offer the credit option. What type(s) of insurance policies will you need for your business? Identify a company located in your state that can supply at least one of the insurance policies you will need.arrow_forwardwhat is IMPROVED INVENTORY ACCURACY AND CONTROL, and examples of it?arrow_forward
- What the inventory management of H&M?arrow_forwardDescribe how CRMs can be integrated with inventory management systems.arrow_forwardHW Using the Internet, search for commercial IDPS systems. What classification systems and descriptions are used, and how can these be used to compare the features and components of each IDPS? Create a comparison spreadsheet identifying the classification systems you find. Which of these IDPS systems would you choose for an imaginary institution (please select one institution and be specific about it, like hospital, bank, online commerce, university, factory, etc.. )? Why?arrow_forward
- The grocery industry has an annual inventoryturnover of about 14 times. Organic Grocers, Inc. had a costof goods sold last year of $10.5 million; its average inventory was $1.0 million. What was Organic Grocers’ inventoryturnover, and how does that performance compare with thatof the industry?arrow_forwardABC Corporation is a large manufacturing company that has been using an outdated inventory management system for the past 10 years. The system has become slow and unreliable, causing delays in production and shipping. The IT department has recommended replacing the system with a modern cloud-based solution that can be accessed from anywhere and has the potential to integrate with other business systems.After a thorough evaluation of several vendors and their products, the IT team has recommended the purchase of a system called "InventoryPro". The system has a user-friendly interface, robust reporting capabilities, and is scalable to accommodate future growth.The CEO has approved the project, and the IT team has started working on the implementation plan. The project team includes a project manager, business analyst, database administrator, software developer, and testing specialist.As part of the project plan, the team will need to migrate the data from the old system to the new one,…arrow_forwardA new French law is forcing industry giants to donate or recycle unsold goods that they would have otherwise destroyed. Apparel companies, from elite fashion houses to mass-market chains, are saddled with an inventory glut following months long closures during the pandemic. Now, they are trying to get rid of the excess without angering waste-conscious consumers—or harming their brands, reports The Wall Street Journal (Aug. 14. 2020). (Links to an external site.) In the U.S., brands and retailers locked out of an entire fashion season are flooding charities with unsold products, in addition to sending goods to discount stores and liquidators. Good360, a nonprofit that collects excess merchandise and distributes it to charities, expects more than $660 million in donations for the entire year, double what it received last year. “Brands don’t want their unsold products winding up at flea markets or on Craigslist,” said the CEO of Good360. LVMH—which owns Louis Vuitton, Dior and other…arrow_forward
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Recommended textbooks for you
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Purchasing and Supply Chain Management
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ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning