Medical Supply Chain Inventory Management Strategies

2012 ◽  
pp. 291-314
Author(s):  
David Piasecki ◽  
David Marcinko
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Management Strategies ◽  
Medical Supply

scholarly journals Influence of Supply Chain Management Strategies on Performance of Medical Supply Chain Organisations in Kenya

2021 ◽  
Vol 3 (3) ◽  
pp. 32-51
Author(s):  
Peter Mwangi Njuguna ◽  
Wycliffe Arani ◽  
Viginia Onyara
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Information Integration ◽  
Management Strategies ◽  
Negative Influence ◽  
Pharmaceutical Supply Chain ◽  
Chain Management ◽  
Medical Supply ◽  
The Impact ◽  
Lean Supply Chain

Institutions within the medical supply sector have consistently faced substandard supply chain results because of failure of timely deliveries on the part of suppliers failing to quickly respond to deliver medical shipments. This indicates the procurement role having inadequacies as a key component of an organization since it does not deliver on maximized effectiveness and a reduction of costs based on poor supply chain management plans. A critical purpose of the study was the intention to identify influence of supply chain management strategies on performance of medical supply chain organisations in Kenya. More so, the analysis deals with the degree information integration impacts on Organization performance; to evaluate the impact of warehousing on performance; to examine the impact of outsourcing on performance; and to evaluate the influence of lean supply chain on performance of medical supply entities across Kenya. Direction will through be relying on the resource-based theory as well as the supply chain constraints principle. The analysis will adopt a descriptive study approach; with the targeted size comprising of 30 medical supply entities. The study participants included 2,529 staff of pharmaceutical supply chain entities within Kenya. Determination of the sample group was by Yamane’s concept that led to to a group of 345 participants. Accessing the participants was by stratified and simple random sampling approaches. Towards indicating dispersion and central tendency, standard deviation and respectively, with the inferential statistics being analysed by multiple regression and correlation analysis. The study findings reveal that performance of medical supply organizations in Kenya was significantly related with supply chain information integration (p < 0.05), warehousing (p < 0.05) and outsourcing. Despite this, the association among differentiation strategy and performance was insignificant at p > 0.05 but only significant at p <0.1). It was also found that while lean supply chain had a negative influence on performance (t = -.528, p >0.5) information integration, warehousing and outsourcing had positive influence on performance (information integration: t = 16.461, p <0.05; warehousing: t = 19.671, p <0.05; outsourcing: t = 15.528, p <0.05). The result of these outcomes is that the leadership across medical supply organizations in Kenya need to adopt information integration, warehousing, and outsourcing, which would   positively contribute to performance. Medical supply organizations in Kenya should continue emphasizing on supply chain strategies. The outcomes of the study may assist organisations in drawing plans or improving existing strategies governing supply chain management across institutions.

scholarly journals Supply Chain Management under the Threat of International Terrorism

2001 ◽  
Vol 12 (2) ◽  
pp. 1-11 ◽  
Author(s):  
Yossi Sheffi
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Large Scale ◽  
Management Strategies ◽  
The United States ◽  
International Terrorism ◽  
Western World ◽  
New Era ◽  
New Public ◽  
Terrorist Acts

On the morning of September 11th, 2001, the United States and the Western world entered into a new era ‐ one in which large scale terrorist acts are to be expected. The impacts of the new era will challenge supply chain managers to adjust relations with suppliers and customers, contend with transportation difficulties and amend inventory management strategies. This paper looks at the twin corporate challenges of (i) preparing to deal with the aftermath of terrorist attacks and (ii) operating under heightened security. The first challenge involves setting certain operational redundancies. The second means less reliable lead times and less certain demand scenarios. In addition, the paper looks at how companies should organize to meet those challenges efficiently and suggests a new public‐private partnership. While the paper is focused on the US, it has worldwide implications.

A Comparative Simulation Study about Supply Chain Inventory Management Strategies Based on System Dynamics

2014 ◽  
Vol 701-702 ◽  
pp. 1280-1285 ◽  
Author(s):  
Ling Yun Wei ◽  
Ming Xiang Wen ◽  
Xiao Guang Zhou
Keyword(s):  
Supply Chain ◽  
System Dynamics ◽  
Inventory Management ◽  
Simulation Study ◽  
Management Strategies ◽  
Simulation Models ◽  
Vendor Managed Inventory ◽  
Fill Rate ◽  
Total Cost ◽  
Inventory Strategy

This paper aims to compare benefits of Vendor Managed Inventory (VMI) system and Collaborative Planning, Forecasting, and Replenishment (CPFR) system based on (R,Q) inventory strategy. Four-stage supply chain models that are simulated by system dynamics (SD) methods will be used to support the comparison. In addition, factors of total cost for the whole supply chain (TSC) and product fill rate (fr) can assist to evaluate simulation models. The results of this study indicate that benefits and flexibility of CPFR appear to be higher than VMI under (R, Q) strategy, and key parameters have significant impacts on TSC of the two systems.

Website Retailing

2004 ◽  
pp. 52-68
Author(s):  
Lori N.K. Leonard ◽  
Timothy Paul Cronan
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Management Strategies ◽  
Electronic Data Interchange ◽  
The Internet ◽  
Retail Outlet ◽  
Chain Management ◽  
Data Interchange ◽  
The Impact ◽  
Over Time

Electronic commerce (EC) includes electronic data interchange (EDI) and the Internet and is used in various applications to seek improvements in effectiveness and efficiency. Supply chain management (SCM) is an application of EC, and therefore, the impact of EC can be seen throughout the supply chain (SC). This study explores the effectiveness of replenishment using the Internet (i.e., website retailing) when comparing different replenishment options, by analyzing the distributor-retail outlet and retail outlet-customer links in the SC. Moreover, this research studies customer buying habits as well as inventory management strategies when products are purchased via a website. Five hundred and fifteen products are analyzed over time (monthly) in order to identify replenishment issues when conducting business (e-business) from a website (e-tailing).

A Manufacturing Supply Chain Business Model and Its Implementation in a Plastics Manufacturing Company

2006 ◽  
Vol 532-533 ◽  
pp. 1096-1099
Author(s):  
Ka Fu Chu ◽  
Chi Fai Cheung
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Business Model ◽  
High Speed ◽  
Management Strategies ◽  
Supply Chain Strategy ◽  
Manufacturing Supply Chain ◽  
Manufacturing Company ◽  
Technology Applications ◽  
Demand Changes

Effective inventory management strategies and their efficient implementation are recognized as important elements in a manufacturer’s business model. The targets are reduction of the level and value of inventory maintained, high speed in transforming them to orders delivered to customers and flexibility in dealing with demand changes. This paper proposes a business model for inventory management in a Hong Kong plastic products manufacturing company with production facilities located in the mainland. It shows how E-business technology applications have opened up the horizon for realization of such a business model. A supply chain strategy based on mutual trust and inventory information visibility is essential in the implementation of such a business model. The model has been found to be valid and feasible. The benefits attainable to parties in the supply chain are evaluated. It is proposed that the model can also be applied successfully for similar benefits in other companies.

Inventory optimization considering the vehicle capacity and specifics of cash flows at rental storage sites

2020 ◽  
pp. 77-90
Author(s):  
V.D. Gerami ◽  
I.G. Shidlovskii
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Sufficient Conditions ◽  
Cash Flows ◽  
Management Systems ◽  
Cargo Capacity ◽  
Special Modification ◽  
The Cost ◽  
Necessary And Sufficient ◽  
Vehicle Capacity

The article presents a special modification of the EOQ formula and its application to the accounting of the cargo capacity factor for the relevant procedures for optimizing deliveries when renting storage facilities. The specified development will allow managers to take into account the following process specifics in the format of a simulated supply chain when managing inventory. First of all, it will allow considering the most important factor of cargo capacity when optimizing stocks. Moreover, this formula will make it possible to find the optimal strategy for the supply of goods if, also, it is necessary to take into account the combined effect of several factors necessary for practice, which will undoubtedly affect decision-making procedures. Here we are talking about the need for additional consideration of the following essential attributes of the simulated cash flow of the supply chain: 1) time value of money; 2) deferral of payment of the cost of the order; 3) pre-agreed allowable delays in the receipt of revenue from goods sold. Developed analysis and optimization procedures have been implemented to models of this type that are interesting and important for a business. This — inventory management systems, the format of which is related to the special concept of efficient supply. We are talking about models where the presence of the specified delays for the outgoing cash flows allows you to pay for the order and the corresponding costs of the supply chain from the corresponding revenue on the re-order interval. Accordingly, the necessary and sufficient conditions are established based on which managers will be able to identify models of the specified type. The purpose of the article is to draw the attention of managers to real opportunities to improve the efficiency of inventory management systems by taking into account these factors for a simulated supply chain.

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