This paper is published in Volume-10, Issue-3, 2024
Area
Medical Informatics
Author
Olayinka I. Ugwu, Omolola F Hassan, Mariam Adetoun Sanusi, Oduwunmi Odukoya, Tolulope Onasanya, Senjobi Moyinoluwa O.
Org/Univ
Austin Peay State University, Clarksville, TN – Computer Science, United State
Pub. Date
26 June, 2024
Paper ID
V10I3-1222
Publisher
Keywords
Artificial Intelligence, Inventory Management, Healthcare Supply Chain, Waste Reduction, Supply Chain Resilience, Demand Forecasting, Machine Learning, Predictive Analytics, Resource-Based View, Systems Theory

Citationsacebook

IEEE
Olayinka I. Ugwu, Omolola F Hassan, Mariam Adetoun Sanusi, Oduwunmi Odukoya, Tolulope Onasanya, Senjobi Moyinoluwa O.. Artificial Intelligence in Healthcare Supply Chains: Enhancing Resilience and Reducing Waste, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Olayinka I. Ugwu, Omolola F Hassan, Mariam Adetoun Sanusi, Oduwunmi Odukoya, Tolulope Onasanya, Senjobi Moyinoluwa O. (2024). Artificial Intelligence in Healthcare Supply Chains: Enhancing Resilience and Reducing Waste. International Journal of Advance Research, Ideas and Innovations in Technology, 10(3) www.IJARIIT.com.

MLA
Olayinka I. Ugwu, Omolola F Hassan, Mariam Adetoun Sanusi, Oduwunmi Odukoya, Tolulope Onasanya, Senjobi Moyinoluwa O.. "Artificial Intelligence in Healthcare Supply Chains: Enhancing Resilience and Reducing Waste." International Journal of Advance Research, Ideas and Innovations in Technology 10.3 (2024). www.IJARIIT.com.

Abstract

Efficient inventory management is crucial in the healthcare industry to ensure the availability of essential medications and medical supplies while minimizing wastage and reducing costs. This study explores the role of Artificial Intelligence (AI) in optimizing inventory management and enhancing supply chain resilience within healthcare settings. By leveraging AI-driven solutions, healthcare organizations can improve demand forecasting, streamline supply chain operations, and minimize medication waste. Incorporating AI technologies, including machine learning and predictive analytics, allows for more precise demand forecasting, minimizes the chances of both overstocking and stockouts, and enhances overall operational efficiency. The research further examines the theoretical frameworks of Resource-Based View (RBV) and Systems Theory to highlight the strategic and systemic benefits of AI in healthcare inventory management. Empirical evidence from recent studies underscores the potential of AI to transform healthcare supply chains, promoting sustainability and improved patient care. This study employs a survey research design targeting healthcare professionals in the United States, with data analyzed through machine learning algorithms to identify key patterns and insights. Ethical considerations, including data privacy and informed consent, are meticulously adhered to, ensuring the integrity of the research process.