Performance evaluation of vendor managed inventory variables in hospitals using ANOVA technique

Abstract

In today's competitive market, service industry increases its scale to provide affordable and quality services to the customers. In supply chain there are various techniques and tools that can improve the output and productivity of supply chain process of a healthcare organisation. In this paper evaluation of vendor managed inventory is done by using ANOVA technique. Twenty persons from different 10-50 bedded small to medium size hospitals has been surveyed on different variables. Survey was done by personal interview and a questionnaire. That was based on the important variables of vendor managed inventory. Then mean of variables were calculated and were analysed graphically. A scattered diagram represents the variables graphically to find most and least important variables. Then ANOVA technique was applied on the variable and checked for significant value to evaluate the importance of vendor managed inventory and also analyse most and least important variable among selected.