2025_EML Capstone Projects
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operational efficiencies, cost reductions, and improved accuracy, making it a highly beneficial investment for healthcare organizations.
Figure 4: Cost-Benefit Analysis
Analyzing the Impact of Inventory Costs on Patient Care in Healthcare Systems The provided data in Figure 5 (below) analyzes the correlation between inventory costs and patient care metrics for the Smart Inventory Management System for the Healthcare Industry, revealing a clear negative relationship, where increasing inventory costs are associated with declining patient care scores. Specifically, as inventory costs rise from $10,000 to $17,000, patient care metrics drop from a high of 90 to a low of 75, indicating that higher spending on inventory does not translate to better patient outcomes and may instead reflect inefficiencies or mismanagement. This trend highlights the importance of implementing a smart inventory management system, as optimizing inventory costs not only leads to significant financial savings
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