Operations Research, Systems Engineering and Industrial Engineering Commons^™

Evaluating Obselete Inventory Policies In A Hospital's Supply Chain, Maurice D. Cavitt

Department of Industrial and Management Systems Engineering: Dissertations, Theses, and Student Research

Numerous organizations are currently facing inventory management problems including distributing inventory on time and maintaining the appropriate inventory level to satisfy the end user. Organizations understand the importance of inventory accuracy as any error will increase the purchasing and holding costs affecting investment decisions. Lack of information about effective measures that will allow management to make important business decisions motivated this research to identify a decision criterion for warehouse management. A feasible solution of calculating the carrying cost ratio from purchasing and holding cost is the main objective of this thesis. The carrying cost ratio will allow managers to make …