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What's Hiding in Your Vendor Inventories?



Every day, accounts and financial updates flow back and forth between a hospital and its vendors. Despite everyone's best intentions, the current operating routines and processes often result in inconsistencies between the inventory records of a hospital and its vendors. Always thought to be a relatively minor issue, recent research suggests the inventory reconciliation problem is significant, pervasive and critical and it can lead to lost cash and high operating costs or even create regulatory issues and major public relations problems.
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