Published January 31, 2025 | Version v1

JIT inventory management: reducing waste and cost in medical infrastructure

Authors/Creators

  • 1. Team Lead, EET MW at Bank of America.

Description

The Just-in-Time (JIT) inventory system now drives major improvements in healthcare infrastructure through its efficient practices. Through JIT, we match the available inventory with present demand needs to control surplus stock and avoid wasted resources while ensuring patients access the products they need. In healthcare's numerous specialized medical resources, JIT systems resolve problems with excessive and insufficient stock. Storage problems cause both extra costs and regulatory issues that disrupt patient treatment. This study investigates how JIT changes healthcare supply while showing how forecasting systems and DevOps help automate medical stock management. Organizations must work with all supply chain partners to quickly restock materials and reduce waste to improve resource handling. Although JIT benefits healthcare with lower costs and better results, it faces supply chain challenges, including inconsistent demand patterns and system dependability issues. This research uses actual medical situations and industry trends to discover how JIT will transform medical supply chain management for better and cheaper healthcare delivery. 

Files

GJETA-2024-0256.pdf

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