Define forecasting. Is this concept utilized in your model?Is the ordering process formal or informal? Is any automation/software utilized to order supplies? If not currently working in healthcare, which process is preferred?

Model Assessment

SCM Model Assessment
Details:
Use your organization’s SCM model as a basis for this assignment. If your organization does not have an SCM model implemented or if you are not currently working in healthcare, apply a model to a hypothetical organization. Address the following:

Describe the current inventory system.For the inventory system being described, who/what are the primary vendors?

Define forecasting. Is this concept utilized in your model?Is the ordering process formal or informal? Is any automation/software utilized to order supplies? If not currently working in healthcare, which process is preferred?

What strategic elements of your SCM model result in positive outcomes?