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Ward Thesis Final Version.pdf (1.65 MB)

ETD Abstract Container

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A Framework for Centralizing Inventory in Pharmaceutical Supply Chains

Ward, Kerry Kathleen
http://rave.ohiolink.edu/etdc/view?acc_num=wright1496159158415396

Abstract Details

2017, Master of Science in Industrial and Human Factors Engineering (MSIHE) , Wright State University, Industrial and Human Factors Engineering.
Effectively choosing the location of inventory in a pharmaceutical supply chain is central to the mission of pharmaceutical distributors. These supply chains are a critical backbone to the healthcare delivery process: the distributors must deliver products to pharmacies, hospitals and retailers at low cost and with a high level of reliability. This thesis provides a method for analyzing demand data to gain insight on the value of centralizing the inventory into either a hub-and-spoke or national network for a pharmaceutical distribution company. Demand data is analyzed using an off-the-shelf analysis tool as well as a new tool developed in SQL Server, finding expected daily demand, inventory targets for a specific customer service level, and expected inventory. Annual transportation costs for centralized locations are calculated using an overnight delivery cost rating tool in SQL Server and net savings are calculated for each product in each network. The results from this analysis are used in an Excel tool to select the optimal group of products for centralization to maximize savings while keeping transportation costs at or below a given budget. The results show that using a hub-and-spoke network can save over $10 million.
Frank Ciarallo, Ph.D. (Advisor)
Pratik Parikh, Ph.D. (Committee Member)
George Polak, Ph.D. (Committee Member)
61 p.
Industrial Engineering
industrial engineering

Recommended Citations

Citations

  • Ward, K. K. (2017). A Framework for Centralizing Inventory in Pharmaceutical Supply Chains [Master's thesis, Wright State University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=wright1496159158415396

    APA Style (7th edition)

  • Ward, Kerry. A Framework for Centralizing Inventory in Pharmaceutical Supply Chains. 2017. Wright State University, Master's thesis. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=wright1496159158415396.

    MLA Style (8th edition)

  • Ward, Kerry. "A Framework for Centralizing Inventory in Pharmaceutical Supply Chains." Master's thesis, Wright State University, 2017. http://rave.ohiolink.edu/etdc/view?acc_num=wright1496159158415396

    Chicago Manual of Style (17th edition)

wright1496159158415396
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© 2017, all rights reserved.
This open access ETD is published by Wright State University and OhioLINK.