Course Solutions Uncategorized (Answered) : Inventory Mangement: A hospital reports that it has 10 days of supply of blood. What are its annual turns?

(Answered) : Inventory Mangement: A hospital reports that it has 10 days of supply of blood. What are its annual turns?

June 27, 2024June 27, 2024| adminadmin| 0 Comment| 7:40 pm
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Inventory Mangement:

A hospital reports that it has 10 days of supply of blood. What are its annual turns?

Expert Answer

Consider the following notation:

Convert the 10 days of supply to years of supply as shown below:

Flow time, T = 10 days = 10/365 days per year = 0.0274 year.

Turns = 1/T = 1/0.0274 year = 36.5 per year

Therefore, Annual turns for the hospital is found to be 36.5 per year.

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