Think of an item for which your organization carries safety stock. Why is safety stock needed for this item? How was the amount of safety stock determined? Approximately, how much does the safety stock cost the organization annually? Can the amount of safety stock be reduced for this item? How?

Think of an item for which your organization carries safety stock. Why is safety stock needed for this item? How was the amount of safety stock determined? Approximately, how much does the safety stock cost the organization annually? Can the amount of safety stock be reduced for this item? How?

(I work at a Dermatology Practice. You can either choose the cosmetic or day to day medical office inventory or medical/surgical inventory since we perform many skin cancer surgeries and pathology. I also manage the inventory of items sold at the practice ex: otc medication and some prescription, we have a set reorder threshold for each item)

https://books.google.com/books?id=L4WHCgAAQBAJ&pg=PA338&lpg=PA338&dq=safety+stock+in+healthcare+articles&source=bl&ots=6LrqAe8JM1&sig=HcVCUxXKUSNDQzq-kQ49f-iQVF0&hl=en&sa=X&ved=0ahUKEwjM0vfl0LrTAhWC4CYKHdjvAUsQ6AEIQjAB#v=onepage&q=safety%20stock%20in%20healthcare%20articles&f=false

http://www.healthcarefinancenews.com/news/hospitals-turn-just-time-buying-control-supply-chain-costs