Assessment 1 Instructions: Vila Health: Pacemaker Inventory

Create a 7-10 slide PowerPoint presentation that explains basic inventory management concepts and analyzes the
current state of an organization’s inventory of pacemakers.
Introduction
Health care operations is a complex topic, encompassing many aspects including (but not limited to) service
locations, personnel, policy, leadership, finance, strategy, and quality. While the industry is generally viewed as a
service industry, its systems are faced with complex operational challenges including supply chain, strategy, quality
and project management, and service delivery. Given the changing landscape from a health reform and financial
perspective, health care organizations must focus on improving their operations and improving efficiencies to remain
competitive. A component of the health care delivery process is the procurement, stocking, and dispensing of
supplies. Within this process, opportunities exist to add value, reduce waste, and create standardization throughout
the organization (Kros & Brown, 2013). Effective management of health care operations creates value for all
stakeholders.
One way to potentially create value in operations is through inventory management. Whether you realize it or not,
you are most likely familiar with the concept of inventory. For example, when you visit the grocery store perhaps
they are out of your favorite ice cream, or, before you left home, maybe you took stock of your cupboards to
determine what items you need to pick up on the grocery store trip. Both of these are everyday examples of the
concept of inventory. In health care, inventory management is vital for many reasons, including regulatory
compliance and investment protection. When we think about the inventory of a health care organization, we must
take into consideration items ranging from pots and pans to medical devices and surgical instruments (Kros &
Brown, 2013).
Finance and accounting principles in health care operations and supply chain management are key concepts to
understand, at least at a foundational level. At a minimum, health care professionals should be familiar with the basic
components of financial statements and financial ratios utilized by health care organizations, as well as concepts
related to the value of money. Over the years, the health care industry has been subject to several changes in
reimbursement methodologies. Each methodology was implemented with the intent of addressing the concerns
facing the industry at the time (fraud, quality, utilization, et cetera). Current methodologies regulate the payment
amount or payment rate that organizations will receive in return for treating each patient. Changes to these payment
methods have had major financial implications for health care organizations (Kros & Brown, 2013). To remain fiscally
responsible, health care professionals must streamline operations to ensure costs are managed, productivity is
maximized, and resources are optimized (Kros & Brown, 2013). Outside of payroll and benefits, supplies and
materials are close contenders for health care organizations’ highest expenses.
Regardless of whether you work in a clinical or non-clinical unit, it is imperative to understand how to read and
understand the organization’s financial statements. In addition to financial statements, each department operates off
of an annual budget. These budgets are established as financial guidelines for the department’s operations and
always contain line items for materials and supplies.
Reference
Kros, J. F., & Brown, E. C. (2013). Health care operations and supply chain management: Operations, planning, and
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control. San Francisco, CA: Jossey-Bass.
Demonstration of Proficiency
By successfully completing this assessment, you will demonstrate your proficiency in the course competencies
through the following assessment scoring guide criteria:
Competency 1: Describe when and how the senior leader would directly impact health care operations.
Analyze leaders’ responsibilities in addressing the identified inventory recommendations.
Competency 2: Analyze the impact of the various success factors of a health care organization.
Explain inventory control.
Competency 3: Analyze the concept of competitive strength by considering efficiency and effectiveness of
organizational processes.
Describe options for inventory ordering.
Analyze the implications of having inventory control.
Competency 4: Apply management concepts to lead an efficient health care system.
Present findings based upon review of the EOQ and organizational data.
Competency 5: Communicate in a manner that is scholarly, professional, and respectful of the diversity,
dignity, and integrity of others and is consistent with health care professionals.
Write following APA style for in-text citations, quotes, and references.
Write clearly and logically, with correct use of spelling, grammar, punctuation, and mechanics.
Preparation
This assessment is based on the Vila Health: Pacemaker Inventory media simulation, which is linked in the Vila
Health: Pacemaker Inventory section of Assessment 1. Go to that section to complete the scenario at this time. You
will use the information you gather in this scenario, in which you assume the role of an inventory analyst, to provide
context and information necessary for the assessment.
If you have questions about or would like to review tips on using PowerPoint, the following resources may be useful
as you prepare to complete this assessment:
Guidelines for Effective PowerPoint Presentations [PPTX].
Microsoft Office Software Tutorials.
Instructions
Based on the media simulation you completed, one of the directors has asked you to examine the the ordering,
stocking, and use of pacemakers at the Peta King Heart Institute at St. Anthony Medical Center. In addition to your
inventory investigation, you have been encouraged to research additional topics, such as inventory management,
inventory control, inventory ordering systems, economic order quantity (EOQ) calculations, and inventory stocking
techniques. As you research, consider industries outside of health care, as techniques utilized in other industries may
apply. After you have concluded your investigation and research, you have been asked to prepare a PowerPoint for
the director to help them communicate with other stakeholders the basics of inventory control, the importance of
having inventory control strategies, and the current state of the Peta King Heart Institute’s pacemaker inventory.
Your PowerPoint needs to address the following criteria. (Note: The questions under each criterion are there to help
you think through each.)
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1. Explain what inventory control is.
1. Why are EOQs conducted?
2. What is impact of the heart institute’s volumes (past, present, and projected) from a strategic
perspective (related to pacemaker use) on the overall success of the organization?
2. Describe options for inventory ordering.
1. What are quantities to order?
2. What are potential inventory ordering systems?
3. What are the pros and cons of the identified systems?
4. When should other products be considered?
5. When should alternative stocking be considered (ordering inventory vs. consignment)?
3. Analyze leaders’ responsibilities in addressing the identified inventory recommendations.
1. What should leaders address related to inventory?
2. What are the consequences of leaders not addressing inventory needs?
3. What are the implications of not adhering to the recommended inventory purchase?
4. Analyze the implications of having inventory control.
1. How does efficient inventory control impact the organization’s effectiveness?
2. What are the implications for an organization’s effectiveness if inventory control is absent or substandard?
5. Present your findings based upon your review of the EOQ and organizational data.
1. How does product use this year compare to that of the previous year, as well as the projected budget
year?
2. What are your finding and recommendations?
You might want to (but do not have to) organize your presentation using the following outline:
Slide 1: Title of the presentation.
Slide 2: Overview of inventory control.
Slide 3: Review of EOQ purpose and data.
Slide 4: Recommendations for inventory ordering.
Slide 5: Leadership.
Slide 6: Implications.
Slide 7: Conclusions.
Slide 8: Reference list.
General PowerPoint Guidelines
Keep the design simple. Use Arial or Verdana font, size 24 point, at minimum.
Keep the slides concise. Use 5–7 bullet points per slide and 5–7 words per bullet. Use speaker notes to
explicate the bullets.
For best color contrast, use light text on dark background (for example, yellow on black, white on dark blue).
Use the proper slide layout. For example, if a slide has a title and text, create it using the correct Title and
Text layout.

Home

Write clearly and logically, with correct use of spelling, grammar, punctuation, and mechanics.
Apply the principles of effective composition.
Determine the proper application of the rules of grammar and mechanics.
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Write following APA style for in-text citations, quotes, and references.
Determine the proper application of APA formatting requirements and scholarly writing standards.
Assess the relevance and credibility of information sources.
Additional Requirements
Your presentation should consist of:
Length: A minimum of 7–10 bulleted slides.
Notes: Speaker notes that fully explain each slide.
References: A minimum of three scholarly references.
APA formatting: Appropriate APA citations and peer-reviewed references on each slide, as well as a
reference list slide at the end, as necessary. Refer to the APA resources in the NHS Learner Success Lab
(located in the courseroom navigation menu) if you have questions about APA style or formatting.