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Development and Implementation of an Integrated Inventory Management Program at Pfizer Pharmaceuticals

Author

Listed:
  • P. P. Kleutghen

    (Pfizer Incorporated, 235 East 42nd Street, New York, New York 10017)

  • J. C McGee

    (Pfizer Incorporated, 235 East 42nd Street, New York, New York 10017)

Abstract

Pfizer developed and implemented an integrated system to manage inventories in its US pharmaceutical business. A series of MS models covering the length of a complex supply chain and using a variety of mathematical methods was introduced. The program reduced inventories by $23.9 million and back orders by 95 percent over a three-year period.

Suggested Citation

  • P. P. Kleutghen & J. C McGee, 1985. "Development and Implementation of an Integrated Inventory Management Program at Pfizer Pharmaceuticals," Interfaces, INFORMS, vol. 15(1), pages 69-87, February.
    • Handle: RePEc:inm:orinte:v:15:y:1985:i:1:p:69-87
    DOI: 10.1287/inte.15.1.69
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    Cited by:

    1. Thomas, Douglas J. & Griffin, Paul M., 1996. "Coordinated supply chain management," European Journal of Operational Research, Elsevier, vol. 94(1), pages 1-15, October.
    2. Qiang Liu & Xinhui Zhang & Yan Liu & Lebin Lin, 2013. "Spreadsheet Inventory Simulation and Optimization Models and Their Application in a National Pharmacy Chain," INFORMS Transactions on Education, INFORMS, vol. 14(1), pages 13-25, September.

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