Lexicon

Welcome to AHRMM's healthcare supply chain Lexicon. This database contains terms used throughout the healthcare supply chain field. Simply click on the link to access the entire definition.

AHRMM thanks Kate Vitasek and Supply Chain Visions for their contribution of certain terms to the Lexicon. Terms supplied by Supply Chain Visions are used with permission. Supply Chain Vision’s Glossary of Supply Chain Management Terms appears on the Council of Supply Chain Management Professionals website. AHRMM also acknowledges Michael B. Neely with Perimeter Solutions Group for his role in developing healthcare-specific terms.

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Source:
= definition provided by CSCMP
= definition provided by AHRMM
  • Obeya

    Japanese word for "big room", similar in concept to a traditional "war room," and containing charts and graphs which show milestones and progress to date, problem resolution activities, etc. A command center type atmosphere.
  • Object Linking and Embedding (OLE)

    An object system created by Microsoft. OLE lets an author invoke different editor components to create a compound document.
  • Observation billing

    CMS reimburses hospitals for observation stays using "composite" APCs when the service is provided in conjunction with an appropriate Type A or B ED visit, critical care or clinic visit. There must be a medical observation record for the patient which contains dated and timed physician┐s admitting orders on the patient┐s care in observation, nursing notes and progress notes prepared by the doctor which the patient was in observation status.
  • Obsolescence

    A loss in the utility or value of property that results over time from intrinsic limitations (as outmoded facilities) or external circumstances.
  • Obsolete Inventory

    Inventory for which there is no forecast demand expected. A condition of being out of date. A loss of value occasioned by new developments that place the older property at a competitive disadvantage.
  • Obsolete Inventory

    Inventory for which there is no longer department or clinical requests. A product being out of date or no longer desired. This most often occurs when a new product is introduced and the demand for the current items decreases or stops.
  • Ocean Bill of Lading

    The bill of lading issued by the ocean carrier to its customer.