Weak inventory management system at Hong Hung General Hospital

Abstract

As strategic plan aligned with Hong Hung General Hospital’s vision is “to become the leading provincial general hospital in terms of professional quality, meeting the Joint Commission standards (JCI standards) and be a place to study, research and train health-care workforce of Tay Ninh province”, year 2020 was a turning point of expansion business up to triple capabilities. This signal is an opportunity to serve community health-care needs, offer expanded services and improve your hospital’s bottom line. Expansions last on average about four to five years but have been known to go on anywhere from 10 months to more than a decade to be stable, in this case to challenge company how to plan properly resources including finance, people and technology. Recently, loss profit margin and reduction inventory turnover are issues need to discover. Through interviewing relevant key persons in charge to identify main problem, poor inventory management system has experienced to evaluate efficiency when separating operational activities by department. Information has been the key point to look at for a better organization and new developments to give any decisions. “The more information we have, the more optimally we can organize ourselves to deliver the best outcomes. That is why data collection is an important part for every organization. We can also use this data for the prediction of current trends of certain parameters and future events.” (1) Toward main problem, potential causes are Lack of integrated solutions for whole range of business functionalities, unclear task work flow and impact, imprecisely inventory planning and forecasting. In this paper, in-depth interviews, literature review and historical data are supported, main cause is validated to focus on “Lack of integrated solution for whole range of business functionalities” and effective solution proposed in order to improve inventory management in particular and the accounting management system in general.