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Inventory Management By: Meghan Mattson

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Inventory Management By: Meghan Mattson

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    1. Inventory Management By: Meghan Mattson Athletic Trainers have a financial reasonability to maintain control over the inventory of sports medicine equipment and supplies Richard Ray

    2. Why is Inventory Management Important? It helps to increase efficiency Errors in inventory and supply management can equal Financial hardships

    3. Definition Inventory is the amount of materials or products kept in storage or currently available items -James M. Rankin Athletic Training Management, Concepts and Applications

    4. Definition cont. Inventory Management is the process of controlling equipment and supply stocks to maximize your supplies most effectively.

    5. The keys to Inventory Management Acquiring an adequate supply to meet production Providing safety stock in case of the unexpected Investing in inventory wisely Maintaining accurate and up-to-date records

    6. Tracking Your Supplies Inventory Regularly Check expendable supplies at least once a month. Sites with Multiply training rooms should check inventory stock at each location once a week. Gather reports of satellites to create a monthly inventory report.

    7. Storage Centralize Storage Keep in one location for easier management. Marys Office (tape) Zimmerli Building (everything else) Helps to keep attentive to supply levels. Prevents sudden or unexpected shortages.

    8. Monitoring Automate the Inventory Process Develop a continuous monitoring system Easy and Quick access to inventory status Computer and/or Manual

    9. Monitoring cont. Computer Lots of software's you can purchase http://www.netsuite.com/portal/resource/edemo_main.shtml Excel Spreadsheet Computer Sport Medicine Supple Checkout Form Index Card

    10. Restrict Access Primary Cause to inventory control breakdown To many chiefs not enough Indians Policies and Procedures Who do you think should have access? How would you control flow in and out of supply room?

    11. Reminder System Reorder Based on inventory findings X-marks the spot Season Fall, Winter, Spring and summer Self Preference

    12. Any Questions????

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