SAP BASED INVENTORY FORECASTING SOFTWARE FOR PREVENTING MEDICINE SHORTAGES AND REDUCING WASTAGE

Abstract

SAP-based inventory forecasting software helps hospitals and pharmacies prevent medicine shortages and reduce wastage through real-time stock monitoring and predictive analysis. The system evaluates historical consumption, seasonal demand, prescription patterns, supplier lead times, expiry dates, and current inventory levels to estimate future medicine requirements. Automated alerts identify low stock, excess quantities, near-expiry batches, delayed deliveries, and unusual usage patterns. Forecasting dashboards support timely purchasing, stock transfers, and replenishment planning across departments and locations. Integration with procurement, pharmacy, finance, and warehouse systems improves data accuracy and coordination. Batch tracking and expiry monitoring also support safer medicine distribution and better regulatory compliance. Overall, the software can improve medicine availability, reduce emergency purchases, minimize expired stock, control inventory costs, and strengthen pharmaceutical supply-chain efficiency.