Improving the Healthcare Supply Chain using Vendor Managed Inventory Techniques
Abstract
Many industries have used advanced management techniques, along with technology, to improve efficiency and generate significant supply chain cost savings. However, the healthcare industry has not fully adopted these techniques. the literature reviewed identifies the presence of strong implementation barriers and provides recommendations to overcome these barriers; yet, the implementation of such techniques in the healthcare supply chain is still needed to provide an effective and efficient service to the public. This paper uses the concept of vendor managed inventory (VMI) to discuss the positive effects of information sharing in a healthcare environment. Scenarios with and without VMI are created and analyzed using computer simulation. the results of this study examines if VMI can reduce inventory-related inefficiencies that can lead to lower costs and improved customer satisfaction.
Recommended Citation
C. Callender and S. E. Grasman, "Improving the Healthcare Supply Chain using Vendor Managed Inventory Techniques," 27th Annual National Conference of the American Society for Engineering Management 2006 - Managing Change: Managing People and Technology in a Rapidly Changing World, ASEM 2006, pp. 510 - 516, American Society for Engineering Management, Dec 2006.
Department(s)
Engineering Management and Systems Engineering
Keywords and Phrases
Healthcare management; Information sharing; Supply chain management (SCM); Vendor managed inventory (VMI)
International Standard Book Number (ISBN)
978-160423714-6
Document Type
Article - Conference proceedings
Document Version
Citation
File Type
text
Language(s)
English
Rights
© 2024 American Society for Engineering Management , All rights reserved.
Publication Date
01 Dec 2006
