1. INVENTORY
OBJECTIVES:
1. Studentobserves this inventory maintained in the ward.
2. Studentprepare inventory list.
3. To observe and understandthe inventory in the hospital store.
MEANING:
 inventory is a type of control to prevent wastages and
pilferages.
 Inventory is completelist of items, typically one in
alphabetical or other systematic order.
 Inventory is making systematic list of items of the same
type.
TYPE OF INVENTORY:
 The raw material
 The work in progress (WIP) inventory
 The finished goods inventory
 Packing material
 MRO (maintenance, repair and operatingsupplies) goods
The two main type of inventory are;
Inventory according to system-
The periodic system The perpetualsystem
Used for inexpensive goods Used in business and

2. accounting-continuous
PURPOSESOF INVENTORY:
 To increase profitability.
 To get maximum amount for investment done.
 Balancing supply and demand.
 Improving efficiency.
 Maintaining safety stock.
INVENTORY RECORDING
SR.
NO
NAME
OF
ITEM
COST
RECIEPT
NO.
SPECIFICATION MANUFACTURER
MODEL NO.
SIZE
COLOUR
TOTAL
NO.
LENDING
OR
BORROW
REMARK
SIGN
DATE
AND
TIME
BY- TANOJ PATIDAR
MSc Nursing