Integration of ABC-XYZ Analysis in Inventory Management Optimization: A Case Study in the Health Industry

During the pandemic, the health sector has taken the lead. This is due to the growing demand for medical equipment and medications to treat COVID-19, which has caused the health-care industry to expand. Manufacturing industry developments are inextricably linked to the strength of the supply chain. Inventory management is a vital activity in supply chain management since, in order to fulfill consumer demand, especially during a pandemic like this, supplies of medical equipment raw materials must be accessible to avoid stockouts, which have a serious affect. Given these conditions, further investigation is required. The goal of this study is to create an adequate inventory policy for medical items based on characteristics. Inventory policy is defined by categorizing commodities using the ABC and XYZ classification methods integrated. Based on the list of products and demand information, these things are categorized and prioritized in problem-solving decisions to create improved and effective inventory management techniques