Hospital Inventory Management for Emergency Demand

Abstract

Inventory management is receiving increased emphasis in a variety of organizations. One important area is inventory that is subject to emergency demand situations. A hospital materials manager, for example, must establish efficient inventory system policies for normal operating conditions that also ensure the hospital's ability to meet emergency demand conditions. A simulation model of a hospital inventory system was developed to determine the relative significance of several common inventory system variations on a hospital's ability to operate successfully under normal and emergency demand conditions. Results of the simulation reveal that review frequency plays a major role in the success of operations under shock demand conditions. The simulation also suggests that generalizing from the results of an inventory system under normal conditions to expected results under shock conditions is inappropriate. Several common assumptions flowing from these generalizations were challenged by the results of the study.

Supplier Selection Criteria in the Healthcare Industry: A Comparison of Importance and Performace

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ABC and VED Analysis of the Pharmacy Store of a Tertiary Care, Academic Institute of the Northern India to Identify the Categories of Drugs Needing Strict Management Control

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