Inventory management for the health sector: ABC analysis approach

A Work Project, presented as part of the requirements for the Award of a Masters Degree in Management from the NOVA – School of Business and EconomicsThis project aims to analyse a hospital’s inventory management and make suggestions to improve its practices, with special attention on ABC analysis as an optimization tool for the inventory management, control and storage. Other cost reductions approaches are studied in order to contribute for the accurate management of clinical consumption materials. Wide efficient use of information and communication technology (ICT), using of periodic point model, warehouse’ layout modification, extension of stock centralization of advanced warehouses and consignment stock development, are the key proposals. These recommended ideas can be implemented in other hospitals, reducing waste and improving levels of quality in the health care services