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The Impact of Lean Inventory Management on Small Pharmaceutical Companies

Year: 2024

Type: article

Abstract: "Inventory lean management" is a key strategy for cost savings and quick market response in fast-moving consumer goods industries such as food, retail, and beauty. Recently, the pharmaceutical industry, with its stringent requirements on product shelf life, supply efficiency, and storage methods, has also begun to focus more on effective inventory management. For SMEs, poor inventory management can lead to lost sales and customers, as shoppers will turn to other pharmacies when they cannot find the desired products.

Source: Science, technology and social development proceedings series.

DOI: 10.70088/we8ag685

Author: Yiming Zhao

Language: English

Topic: Supply Chain and Inventory Management

Subfield: Management Information Systems

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

OpenAlex ID: W4403356174

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