Investigating the Effect of Extended Vendor Managed Inventory in the Supply Chain of Health Care Sector to Enhance Information Exchange

10.6186/IJIMS.202006_31(2).0004

Md. Ismail Hossain；Md. Shohel Parvez

Vendor managed inventory ； electronic data interchange ； supply chain ； healthcare system

International Journal of Information and Management Sciences

31卷2期（2020 / 06 / 01）

171 - 189

英文

Inventory management in the healthcare sector is one of the most overlooked aspects in case of supply chain management. The main purpose of this research is to optimize the inventory, reduce the overall inventory across the whole supply chain and the information distortion as it moves up the supply chain. In this research, the whole supply chain is integrated by using the vendor managed inventory (VMI) approach. This extended VMI approach is made possible via the application of electronic data interchange (EDI). A website is created as a form of EDI to facilitate the communication of information. The issues in the traditional approach and the benefits of the proposed system are shown and then compared. In this study, real-time information sharing is possible among the retailer, distributor, and manufacturer which made this research very significant. Moreover, this study is applicable for inventory management among pharmacies, manufacturing companies, and distributors.

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