A Study of General Stores Inventory Management at Methodist Hospital, Memphis, Tennessee

The purpose of this report was to determine the best method of general stores inventory management for Methodist Hospital, Memphis, Tennessee. The methodology used to solve this problem consisted of on-site observation of the hospitals inventory-management system which prompted the study to be undertaken. Material for this report was obtained through personal interviews with people who used the system, review of inventory and purchasing records, and a review of the literature to determine what was currently accepted inventory-management practice in business enterprises and in other hospitals. The report concluded that the inventory-management practice of Methodist Hospital was unable to satisfy the expectations of an inventory-management system as established by the administrator. It was also the conclusion of this report that scientific inventory-management techniques would satisfy these expectations by increasing control over the inventory and by producing monetary savings. It was the recommendation of this report that Methodist Hospital make use of scientific inventory-management techniques in its management of general stores inventory.