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International Journal for Research Trends and Innovation
International Peer Reviewed & Refereed Journals, Open Access Journal
ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Issue: December 2025
Volume 10 | Issue 12
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Impact Factor : 8.14
Issue per Year : 12
Volume Published : 10
Issue Published : 115
Article Submitted : 19696
Article Published : 8087
Total Authors : 21392
Total Reviewer : 770
Total Countries : 147
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| Paper Title: | "A Cost-Benefit Analysis of Real-Time Inventory Tracking Systems for Pharmaceuticals: Balancing Efficiency and Implementation Costs" |
| Authors Name: | Mr. Amol G. Jadhao , Mr. Prathmesh R. Dungu , Dr. Jayshri B. Sanap |
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IJRTI_200076
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| Published Paper Id: | IJRTI2412026 |
| Published In: | Volume 9 Issue 12, December-2024 |
| DOI: | |
| Abstract: | Managing traditional pharmaceutical products is often a manual and error-prone process; This leads to inefficiencies, out-of-stock and expired medications, impacting costs and patient safety. This work addresses this gap through cost-effective real- time inventory tracking (RTITS) using radio frequency identification (RFID) technology. By analyzing research data on RFID-based RTITS in the pharmaceutical setting, as well as reviewing the literature on existing research on RTITS, competition between pharmaceutical products, and cost analysis results, we will evaluate the trade-off of positive results (e.g., actual results). Ingest inventory in real-time, reduce waste and increase cost efficiency. Finally, this study aims to provide insight to pharmaceutical companies considering RTITS. The aim is to contribute to the development of reasonable costs and the correct management of products that are beneficial to patient safety, the pharmaceutical industry as well as the economy. |
| Keywords: | Real-time inventory tracking, Pharmaceuticals, Supply chain management, Cost- benefit analysis, Efficiency. |
| Cite Article: | ""A Cost-Benefit Analysis of Real-Time Inventory Tracking Systems for Pharmaceuticals: Balancing Efficiency and Implementation Costs"", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.9, Issue 12, page no.a238-a251, December-2024, Available :http://www.ijrti.org/papers/IJRTI2412026.pdf |
| Downloads: | 000599 |
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2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID: IJRTI2412026
Registration ID:200076
Published In: Volume 9 Issue 12, December-2024
DOI (Digital Object Identifier):
Page No: a238-a251 Country: Buldana, Maharashtra, India Research Area: Pharmacy Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2412026 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2412026 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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