Alberta Machine Intelligence Institute

AI Demand Forecasting for Smarter Medical Supply Management

Industry

Healthcare

Align Inventory with Supply Needs

AI decision-support tools deliver real-time insights and triage recommendations, empowering healthcare providers to make data-informed decisions, improve care quality, and optimize patient outcomes in fast-paced clinical settings.

The Problem

Medical supply chains struggle with demand unpredictability, leading to either excessive inventory costs or critical shortages. Traditional forecasting methods fail to adapt quickly to emergencies or sudden changes, disrupting healthcare services and potentially putting lives at risk.

The AI Opportunity

AI tools can deliver actionable insights that allow organizations to optimize inventory, reduce costs, and build resilience against unforeseen disruptions. This ensures that healthcare providers are always prepared to meet patient needs while maximizing operational efficiency.

Why It Matters

Accurate demand forecasting ensures healthcare providers have the right supplies at the right time, reducing operational disruptions, and enabling providers to deliver uninterrupted, high-quality patient care. By minimizing waste and inefficiency, healthcare organizations can focus resources where they are needed most, improving outcomes for patients and staff alike.

Benefits & Impact

Enhanced Medical Supply Availability

AI-powered forecasting ensures critical medical supplies are available when needed by analyzing historical trends and real-time market data. This system helps healthcare facilities maintain optimal stock levels during both routine operations and unexpected emergencies, preventing care disruptions due to supply shortages.

Storage Management

The system's precise demand predictions allow healthcare providers to minimize excess inventory and reduce associated storage costs. By aligning procurement with actual usage, facilities can eliminate waste from expired supplies and reduce emergency purchasing premiums.

Supply Chain Resilience

Integration of multiple data sources, including news analysis and health reports enables early detection of potential supply chain disruptions. This advanced warning allows healthcare providers to adapt their inventory strategies before shortages occur, maintaining continuity of care during public health emergencies.

AI Methods & Models

  • Purpose: Anticipate medical supply needs using data.

  • Outcome: Ensures availability of supplies while reducing shortages or waste.

  • Tools/Models: Time-series analysis (e.g., ARIMA), recurrent neural networks (RNNs), Bayesian models.

Build Your AI Solution with Amii

As one of Canada’s three national AI institutes, Amii brings decades of expertise, advancing AI innovation and delivering industry solutions to your team. Whether you’re just starting to explore the possibilities of AI or are ready to develop advanced AI models, Amii is here to help.

Training

A successful AI solution requires both technical know-how and a strong understanding of your business. Our training aligns technical and non-technical teams, creating a shared language and fostering the collaboration needed for successful AI implementation.

Strategy

We collaborate with your team to brainstorm, evaluate, and prioritize AI use cases aligned with your business goals, building your internal capacity along the way. Our experts then validate the top idea, positioning your team for a smooth transition into development.

Development

Our unique approach places a full-time Machine Learning Resident within your team, supervised by Amii experts, to help build a custom AI solution. After the project, you have the option to hire the resident, ensuring continuity to deployment and expanding your internal AI capacity for future AI innovation.

Ready to get started?

Connect with our Investments & Partnerships team to explore how Amii can help make AI work for your business.