Year-end Inventory Process

I'm looking for information regarding how other entities perform year end inventory. I work for a large hospital health system and we are in the process of researching different inventory options such as outsourcing, using inventory software and creating a system in-house. We use Lawson but since a large part of the hospital is still on periodic inventory, we are needing alternative options. Any input will be greatly appreciated.

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unknown

we use a cycle count program for all of our inventory locations which has been approved by our corp compliance officiers as a strategy to keep from having to do YE inventory. For our non-warehouse location, OR, Cath Lab, Endo we use the lawson handheld technology with a few tweeks to count then...3 times a year. Nursing supply stations are not counted.

jon-athey

For most of the last 10 years we've done year end PIs in Lawson for the perpetual inventory locations. But last year we started doing regular cycle counts (2 per week) in order to move away from the end of year PI. Pharmacy inventory is in Cerner and I believe they still do a year end PI. We used to count the expensed supplies every year in places like the OR, Cath Lab and Radiology but eliminated this about 7 years ago.

barbara-justice

Thank you both for your input.

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