Cost and Revenue
QUESTION
o As a manager, you will be required to control cost.
o Imagine you are the manager on your unit.
o Utilize the chart below and answer the following management inventory problems:
Inventory Analysis
Stock Number Item Name Annual $ Volume Loss Charges
J24 Ventilators 12,500 26.2
R26 IV pumps 9,000 23.3
L02 Wound Vac 3,200 18.8
M12 Walking Cane 1,550 15.8
P33 Band-Aids 620 12.3
T72 Saline syringes 65 10.2
S67 Alcohol Pads 53 10.2
o Place all items in a spread sheet.
o Create a chart from the spreadsheet to display the lost charges for each item.
o Use color to make your chart easy to read.
o Create a detailed plan on how you could prevent an increase in loss charges in any 3 items.
o Include a plan on how you will track charges on these items for 3 months to prevent
increase in loss charges.
o The plan should include a title page, body and reference page, 1-page in length (excluding title or reference page). Plan should be in APA format, free of grammatical errors and correct use of in-text citations. Minimum 100 words and maximum of 200 words.
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