Data-Driven Inventory Management in the Healthcare Supply Chain

Author:

Xu Shuojiang1,Tan Kim Hua1

Affiliation:

1. University of Nottingham, UK

Abstract

From 21st century, enterprises combine supply chain management with big data to improve their products and services level. In China healthcare industry, supply chain decisions are made based on experience, due to the environment complexities, such as changing policies and license delay. A flexible and dynamic big data driven analysis approach for supply chain decisions is urgently required. This report demonstrates a case study on CRT forecasting model of inventory data to predict the market demand based on pervious transaction data. First a basic statistic approach has been applied to represent the superficial patterns and suggest some decisions. After that a CRT model has been built based on the several independent variables. And there is also a comparison between CRT and CHAID models to choose a better one to further build an improved model. Finally some limitations and future work have been proposed.

Publisher

IGI Global

Reference19 articles.

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3. Aman, S., Frincu, M., Chelmis, C., Noor, M., Simmhan, Y., & Prasanna, V. K. (2015). Prediction Models for Dynamic Demand Response. Paper presented at the 2015 IEEE International Conference on Smart Grid Communications (SmartGridComm): Data Management, Grid Analytics, and Dynamic Pricing.

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