CHL Inventory and Supply Management 2

Question 1

A hospital supply manager notices that a critical surgical item frequently runs out mid-month despite reorder points being set. Which corrective action is MOST appropriate?

Accepted Answer

Increase the reorder quantity and safety stock level

Answer

Switch to a different supplier immediately

Answer

Reduce the usage of the item in surgeries

Answer

Implement a manual count every Friday

Question 2

Under a consignment inventory agreement, when does the healthcare facility actually pay for the supplies?

Accepted Answer

When the item is used or consumed

Answer

When the order is placed with the vendor

Answer

When the goods are shipped to the facility

Answer

At the end of each fiscal quarter regardless of use

Question 3

Which inventory costing method assigns the most recent purchase prices to the cost of goods sold, potentially understating ending inventory value in a period of rising prices?

Accepted Answer

LIFO (Last-In, First-Out)

Answer

FIFO (First-In, First-Out)

Answer

Weighted Average Cost

Answer

Specific Identification

Question 4

A healthcare leader wants to reduce the total cost of ownership (TCO) for medical supplies. Which factor is LEAST likely to be included in TCO analysis?

Accepted Answer

The vendor's annual marketing budget

Answer

Purchase price of the supply

Answer

Storage and handling costs

Answer

Staff training costs related to the supply

Question 5

What is the primary purpose of a par-level system in hospital supply management?

Accepted Answer

To set the maximum and minimum quantity of a supply item to keep on hand

Answer

To track the expiration dates of all medications

Answer

To authorize capital equipment purchases

Answer

To schedule vendor delivery windows

Question 6

A supply chain disruption causes a hospital to face a shortage of single-use surgical gowns. Which interim strategy BEST balances patient safety and operational continuity?

Accepted Answer

Identify and qualify an alternative approved supplier immediately

Answer

Cancel elective surgeries until stock is replenished

Answer

Reuse gowns after sterilization as a temporary measure

Answer

Transfer all surgical cases to a partner facility

Question 7

In the context of healthcare supply management, what does 'demand forecasting' primarily help a manager accomplish?

Accepted Answer

Predict future supply needs based on historical usage patterns

Answer

Determine the number of staff needed in the OR

Answer

Set pricing agreements with group purchasing organizations

Answer

Evaluate supplier financial stability