Tight inventory control policies combined with well-trained personnel help prevent losses. Inventory acts as an asset on a company's balance sheet (although some really consider it a liability).

Depending on the size of the healthcare organization, an effective inventory control system can range from a robust spreadsheet to an industry-specific, third-party application.

An inventory control system is a system the encompasses all aspects of managing a company’s inventories; purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and ...