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Optimization of Medical Inventory

Domain

Pharmaceutical Industry

Date

August - September 2024

Link

Role

Data Analyst Trainee

📌 Business Problem: Inefficiencies in raw material procurement have led to overpaying and excess stock, increasing overall costs.
📌 Objective: Minimize inventory costs while maximizing stock utilization.
📌 Constraints: Ensure optimal use of existing stock to avoid unnecessary procurement.

🎯 Achievements:
✅ Reduced underutilized inventory by 20%, optimizing stock utilization.
✅ Cut storage and management costs by 25%, enhancing cost efficiency.
✅ Improved procurement planning using data-driven insights.

📊 Project Focus:
By refining procurement strategies and inventory management, this project ensures cost-effective and sustainable operations—balancing demand, supply, and financial efficiency.

© 2025 by Jay Bourasi. All rights reserved.

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