THE MANAGEMENT AND CONTROL OF INVENTORIES (DRUGS) IN GOVERNMENT HEALTH INSTITUTION

Subscribe to access this work and thousands more

Abstract

Inventories occupy the most strategic position in structure of working capital of most business enterprises. It constitutes the largest component of current asset in most business enterprises. In the sphere of working capital, the efficient control and management of inventory has paired the most serious problem to the health institutions. The turnover of working capital is largely governed by the turnover of inventory, that is the rate of working capital is largely governed by the amount of inventory which is largely provided by the government. It is therefore quite natural that inventory which helps to maximize profit occupies the most significant place among current and profit assets.
The American usage of the word ‘inventory’ is synonymous with the British use of the word ‘stock’, this synonym is evident in the definitions of inventory and stock by the Oxford Dictionary. The Oxford English Dictionary defined inventory as follows:
1. A list, catalogue, detailed account
2. A lot or stock of goods, etc which are or may be made the subject of an inventory.
Subscribe to access this work and thousands more
Save
Overall Rating

0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

Raji, A. (2018). THE MANAGEMENT AND CONTROL OF INVENTORIES (DRUGS) IN GOVERNMENT HEALTH INSTITUTION. Afribary. Retrieved from https://afribary.com/works/the-management-and-control-of-inventories-drugs-in-government-health-institution-5859

MLA 8th

Raji, Alex "THE MANAGEMENT AND CONTROL OF INVENTORIES (DRUGS) IN GOVERNMENT HEALTH INSTITUTION" Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/the-management-and-control-of-inventories-drugs-in-government-health-institution-5859. Accessed 26 Feb. 2024.

MLA7

Raji, Alex . "THE MANAGEMENT AND CONTROL OF INVENTORIES (DRUGS) IN GOVERNMENT HEALTH INSTITUTION". Afribary, Afribary, 29 Jan. 2018. Web. 26 Feb. 2024. < https://afribary.com/works/the-management-and-control-of-inventories-drugs-in-government-health-institution-5859 >.

Chicago

Raji, Alex . "THE MANAGEMENT AND CONTROL OF INVENTORIES (DRUGS) IN GOVERNMENT HEALTH INSTITUTION" Afribary (2018). Accessed February 26, 2024. https://afribary.com/works/the-management-and-control-of-inventories-drugs-in-government-health-institution-5859