Analysis of inventory management in pharmaceutical sector: a review paper
The study utilizes the inventory review technique to develop the status of pharmaceutical industry by using various inventory control techniques. Pharmaceutical sector plays a crucial role in the medical industry. The pharmaceutical industry is always looking for novel treatments that can help people live longer and live healthier lives. The study uses a systematic literature review using various statistical methods like ABC-VED, JIT, EOQ, Fuzzy logic, FNS etc. The classification of various pharmaceutical inventory model is incorporated on the basis of these methods.