Capitalizing on capital purchases.
The acquisition of capital equipment is considerably more involved than the purchase of supply items. Because of the long life of capital equipment, errors in judgment at the time of acquisition can haunt a purchasing manager for years. But if he exercises good judgment and does not lose sight of the particular needs of his hospital, capital equipment can be acquired in a manner that will be in the continuing best interests of the hospital.
D002201:Capital Expenditures; D004469:Economics, Hospital; D004865:Equipment and Supplies, Hospital; D006755:Hospital Shared Services; D008421:Materials Management, Hospital; D011682:Purchasing, Hospital