| A | B |
|---|
| case cart inventory system | provides specific products for individual surgical procedures |
| official inventory | counted as an asset on the facility's accounting balance sheet |
| periodic automated replenishment (PAR-level) inventory system | supplies re-stocked automatically based on established quantities for each item |
| exchange-cart inventory system | a freshly loaded supply carts replaces an identical cart |
| automated supply replenishment inventory systems | computerized systems that track supplies as they are issued |
| distribution system | the movement of supplies throughout a healthcare facility |
| just-in-time (JIT) inventory system | minimal stock kept on site; most orders delivered when needed |
| consignment inventory system | items are owned by the vendor, stored at the healthcare facility |
| economic order quantity | refers to items ordered in large quantities to save money |
| total acquisition cost | all costs incurred for an item from purchase through disposal |
| inventory stock out rate | the percentage of items not available when an order is placed |
| ABC analysis of inventory control | the fewest items with the highest value ("A" items) get the most attention |
| inventory turnover rate | number of times per year an inventory is purchased, consumed and replaced |
| inventory service level | the percentage of items filled when an order is placed |
