2025_EML Capstone Projects

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system should prioritize robust real-time tracking and automated reordering functionalities, while also ensuring that the interface remains accessible and intuitive for healthcare staff.

Figure 3: Stakeholder Preferences for Inventory Management Features

Advantages of Smart Inventory Management System in Healthcare The cost-benefit analysis in Figure 4 (below) demonstrates significant advantages of the smart inventory system over traditional inventory management methods. The smart inventory system reduces labor hours per month from 200 to 120, resulting in a savings of 80 hours, and lowers the error rate from 10 errors per 100 transactions to just 2, reflecting an 80% improvement in accuracy. Inventory holding costs are cut in half, dropping from 10,000 to 5,000 units, which indicates more efficient stock management and less capital tied up in inventory. Most notably, total costs decrease from 11,610 units in the traditional system to 5,962 units with the smart inventory system, yielding a potential savings of 5,648 units, or nearly 49%. These results highlight that implementing a smart inventory management system can lead to substantial

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