Concept Paper Template

Concept Paper Template - Concept Paper Approval Sheet...

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Concept Paper Approval Sheet EFFECT OF INVENTORY MANAGEMENT PRACTICES ON ORGANIZATIONAL PERFORMANCE OF SELECTED PUBLIC HEALTH INSTITUTIONS IN LIPA CITY Proponents: Aldovino, Edelie Jasmaine B. Roxas, Eunique B. Dimalibot, Danica A. Zarraga, Fatima Eizel G. Navaro, Mark Vincent M. Evaluator 1 __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ Approved Disapproved Evaluator 2 __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ Approved Disapproved Evaluator 3 __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ Approved Disapproved
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Title of the Proposed Study: EFFECT OF INVENTORY MANAGEMENT PRACTICES ON ORGANIZATIONAL PERFORMANCE OF SELECTED PUBLIC HEALTH INSTITUTIONS IN LIPA CITY Area of Study: The purpose of this study was to investigate the effect of inventory management practices on organizational performance in selected public health institutions in Lipa City. Background of the Study: With the ever increasing expenditure in healthcare sector, there is need to curb this challenge while ensuring that available resources are used to provide essentials medications to the ever increasing population. Pharmacy department is one of the most consumers of the hospital budget and one of the few areas where a large amount of money is spent on buying medicines and drugs. It is therefore important that hospitals ensure smooth supply of the required stock to ensure uninterrupted supply. This calls for the effective and efficient inventory management of pharmacy stock by keeping a close supervision on important drugs, prevention of pilferage, and priority setting in purchase and distribution of drugs. According to Miller (2010), inventory management involves all activities put in place to ensure that customer have the needed product or service. It coordinates the purchasing, manufacturing and distribution functions to meet the marketing needs and organizational needs of availing the product to the customers. Inventory management is primarily involved with specifying the size and placement of stocked goods. Inventory management is required at different locations within a facility or within multiple locations of a supply network to protect the regular and planned course of production against the random disturbance of running out of materials. The scope of inventory management also involves managing the replenishment lead time, replenishment of goods, returns and defective goods and demand forecasting, carrying costs of inventory, asset management, physical inventory, available physical space, demand forecasting, inventory valuation, inventory visibility, future inventory price forecasting and quality management. With a balanced of these requirements, it is possible to reach an optimal inventory level, which is an on-going process as the business needs shift and react to the wider environment. Ogbo et al, (2014). Statement of the Problem: Effective inventory management in health care supply chains is one of the key factors for success. The challenge in managing inventory is to balance the supply of inventory with demand. An organization would ideally want to have enough inventories to satisfy the demands of its customers and not to lose customers due to inventory stock-outs. On the other hand, the organization does not want to have too much inventory staying on
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