| dc.description.abstract | These days, inventory control issues are common in the pharmaceutical sector.
Improper inventory management can have detrimental effects on the company. Initially,
it may result in higher space and warehouse expenses, which would lower business
profitability. However, with proper inventory management, a business can cut costs
associated with labor, storage, and warehouse leasing fees in addition to decreasing the
number of expired medications. This article's goal is to find novel, long-term inventory
management methods and assess how well they would work as part of Pharmacity's
actual logistics system. To tackle this difficulty, a new hybrid model that incorporates
the Fuzzy AHP-TOPSIS approach in a fuzzy setting has been developed. Using this
technique, the best pharmaceutical inventory management solutions are evaluated and
chosen. Three highly valued solutions were identified after calculations, analyses, and
evaluations of the solutions in accordance with the suggested criteria: Apply WMS
application to pharmaceutical inventory management (S3), Take transportation into
consideration (S8), and Create efficient order storage and management techniques (S2).
A strong tool for aiding in the optimization of multi-criteria decisions in pharmaceutical
inventory management is the Multi Criteria Decision Making Fuzzy AHP-TOPSIS
hybrid model. This model assists in assessing and choosing the best inventory
management solution by combining the ability of Fuzzy TOPSIS to rank solutions with
the strength of Fuzzy AHP to handle uncertainty. Multi-criteria evaluation provides
managers with a complete picture of the problem and assists them in maximizing
inventory levels while reducing risks. It takes everything into account, from cost to
safety. This tool helps to increase the efficacy of decision-making and ensures that the
solutions selected fully meet the requirements in pharmaceutical inventory
management | en_US |
