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Title: :  Application of Selective Inventory Control Models in the Pharmaceutical Industry: A Literature Review
PaperId: :  11850
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 6 Issue 2 2020
DUI:    16.0415/IJARIIE-11850
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
leena naidushri ramdeobaba college of engineering and management, nagpur
rachita naidushri ramdeobaba college of engineering and management, nagpur

Abstract

Industrial engineering
selective inventory control models, pharmaceutical centers, applications. ABC, VED, FSN, XYZ, MRP, data collection tools
The purpose of this paper is to demonstrate the use of different selective inventory models in pharmaceutical centres and medical facilities. The objective of the study is to give a clear idea of how the logistics and supply chain for different drugs are managed in the healthcare industry. Hospitals need to stock medicines depending upon the requirement, availability and costs so that the inventory holding costs can be curtailed and the allocated budget can be utilised coherently. Based on the literature, the most common inventory control models used for the effective management of the medicines are ABC, VED and a combination of the two followed by FSN, XYZ and MRP models used in integration with one another.

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IJARIIE leena naidu, and rachita naidu. "Application of Selective Inventory Control Models in the Pharmaceutical Industry: A Literature Review" International Journal Of Advance Research And Innovative Ideas In Education Volume 6 Issue 2 2020 Page 1466-1471
MLA leena naidu, and rachita naidu. "Application of Selective Inventory Control Models in the Pharmaceutical Industry: A Literature Review." International Journal Of Advance Research And Innovative Ideas In Education 6.2(2020) : 1466-1471.
APA leena naidu, & rachita naidu. (2020). Application of Selective Inventory Control Models in the Pharmaceutical Industry: A Literature Review. International Journal Of Advance Research And Innovative Ideas In Education, 6(2), 1466-1471.
Chicago leena naidu, and rachita naidu. "Application of Selective Inventory Control Models in the Pharmaceutical Industry: A Literature Review." International Journal Of Advance Research And Innovative Ideas In Education 6, no. 2 (2020) : 1466-1471.
Oxford leena naidu, and rachita naidu. 'Application of Selective Inventory Control Models in the Pharmaceutical Industry: A Literature Review', International Journal Of Advance Research And Innovative Ideas In Education, vol. 6, no. 2, 2020, p. 1466-1471. Available from IJARIIE, http://ijariie.com/AdminUploadPdf/Application__of__Selective_Inventory__Control__Models__in__the_Pharmaceutical_Industry__A_Literature_Review_ijariie11850.pdf (Accessed : 08 May 2020).
Harvard leena naidu, and rachita naidu. (2020) 'Application of Selective Inventory Control Models in the Pharmaceutical Industry: A Literature Review', International Journal Of Advance Research And Innovative Ideas In Education, 6(2), pp. 1466-1471IJARIIE [Online]. Available at: http://ijariie.com/AdminUploadPdf/Application__of__Selective_Inventory__Control__Models__in__the_Pharmaceutical_Industry__A_Literature_Review_ijariie11850.pdf (Accessed : 08 May 2020)
IEEE leena naidu, and rachita naidu, "Application of Selective Inventory Control Models in the Pharmaceutical Industry: A Literature Review," International Journal Of Advance Research And Innovative Ideas In Education, vol. 6, no. 2, pp. 1466-1471, Mar-App 2020. [Online]. Available: http://ijariie.com/AdminUploadPdf/Application__of__Selective_Inventory__Control__Models__in__the_Pharmaceutical_Industry__A_Literature_Review_ijariie11850.pdf [Accessed : 08 May 2020].
Turabian leena naidu, and rachita naidu. "Application of Selective Inventory Control Models in the Pharmaceutical Industry: A Literature Review." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 6 number 2 (08 May 2020).
Vancouver leena naidu, and rachita naidu. Application of Selective Inventory Control Models in the Pharmaceutical Industry: A Literature Review. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2020 [Cited : 08 May 2020]; 6(2) : 1466-1471. Available from: http://ijariie.com/AdminUploadPdf/Application__of__Selective_Inventory__Control__Models__in__the_Pharmaceutical_Industry__A_Literature_Review_ijariie11850.pdf
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