Akcay A.K.Lu Q.2023-06-162023-06-16201797800000000022164-8689https://hdl.handle.net/20.500.14365/463947th International Conference on Computers and Industrial Engineering: How Digital Platforms and Industrial Engineering are Transforming Industry and Services, CIE 2017 -- 11 October 2017 through 13 October 2017 -- 133146Facing the rising healthcare costs globally, implementing effective inventory management is one powerful solution to maintain the service level while at the same time control the cost. We thus focus on the inventory management of consumable medical supplies, a key component of healthcare supply chain, with the objective to minimize the total inventory costs. We choose the central warehouse of a large hospital in Turkey as our research object. Employing continuous review policy with lot size-reorder point under fixed penalty cost, we manage to find the optimal ordering amounts for our sample under non-normal distributed demands. Comparing to the current inventory policy used in the hospital, our model is able to reduce the inventory cost significantly under similar service levels. The study shows great potential in employing operation management techniques in the inventory management of hospital warehouses.eninfo:eu-repo/semantics/closedAccessContinuous reviewHospital inventory managementLot size-reorder point systemNonnormal distributed demandCostsHealth careHospitalsSupply chainsWarehousesContinuous reviewContinuous review policiesHealth care costsInventory managementInventory policiesNonnormalOperation managementReorder point systemsInventory controlConference Object2-s2.0-85040914559