5th European International Conference on Industrial Engineering and Operations Management

Improving Inventory Management by Better Forecasting Method for Healthcare Industry Company

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Track: Production Planning and Control
Abstract

The healthcare industry is one of the most valuable industries today. Its value is expected to continue to increase along with the increase of the world's population. In line with this, the number of requests for assistive devices related to services in the healthcare industry is expected to increase. That way, companies need to do good forecasting so that production results can be maximized. Based on the research results, the weighted moving average method is the best forecasting method that can be used by manufacturing companies that focus on tools in the healthcare sector. This is due to the relatively smaller mean average percentage errors (MAPE) value compared to other forecast methods

Published in: 5th European International Conference on Industrial Engineering and Operations Management, Rome, Italy

Publisher: IEOM Society International
Date of Conference: July 26-28, 2022

ISBN: 978-1-7923-9161-3
ISSN/E-ISSN: 2169-8767