The Drivers of Complexity in Inventory Management Within the Healthcare Industry

Abstract

The purpose of this study is to investigate the complexities of inventory management in the healthcare industry for improving efficiency and resilience in healthcare supply chains. A Systematic Literature review using Scopus database and PRISMA approach was performed. Driven by innovation and technology, new developments are changing the face of inventory management. Predictive analytics and stock optimization are made possible by the increasing deployment of AI and machine learning. Autonomous Mobile Robots and RFID technology are being used more for quick identification and data collection, while Internet-of-Things devices are used for real-time tracking. Blockchain technology to guarantee supply chain traceability and transparency is also being investigated. Another is automation through robots, which lowers human error and increases warehouse operation efficiency. Finally, the incorporation of cloud-based systems such as SMART logistics and E-logistics platforms enables distant access to inventory information, encouraging adaptability and cooperation across various sites.