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CIPS Whole Life Asset Management L4M7 Question # 26 Topic 3 Discussion

CIPS Whole Life Asset Management L4M7 Question # 26 Topic 3 Discussion

L4M7 Exam Topic 3 Question 26 Discussion:
Question #: 26
Topic #: 3

A cardiac department within a local hospital carries out a small number of specialist emergency care heart surgeries each year. The devices implanted in the patients can vary significantly depending on the condition of the patient. Therefore, the hospital requires a stock management technique that minimizes the cost of holding several different items of stock, without impacting the critical service levels, and allowing the supplier to retain the title of the stock until the hospital’s cardiac team utilizes it. Which of the following stock management techniques would enable the hospital to achieve this?


A.

Having strategically placed hospital-owned safety stock in various hospital storerooms


B.

Increasing the hospital's overall stock levels in all supplies


C.

Having vendor-owned stock in the hospital stores


D.

Subjective stock forecasting being undertaken by the doctors


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