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Chandraprabh Chandraprabh

Bannari Amman Institute of Technology, Sathyamangalam

Sathyamangalam

Sathyamangalam, TN 638402

India

  • Bannari Amman Institute of Technology, Sathyamangalam

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Optimizing Inventory Management Through Demand Forecasting: A Data-Driven Approach for Enhanced Supply Chain Efficiency

Proceedings of the 3rd International Conference on Optimization Techniques in the Field of Engineering (ICOFE-2024)
Number of pages: 14 Posted: 06 Jan 2025
Kalpesh Rasiklal Rakholia, Chandraprabh Chandraprabh, R Ramesh, Kolli.Srinivasa Rao, S. Punitha and M. Guru Vimal Kumar
Parul Institute of Engineering and Technology, Parul University, Bannari Amman Institute of Technology, Sathyamangalam, Sona College of Technology, GITAM School of Business, Vinayaka Missions Kirupananda Variyar Engineering College and Vel Tech Rangarajan Dr.Sagunthala R&D Institute of Science and Technology
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Abstract:

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Inventory management, demand forecasting, machine learning, Random Forest, Economic Order Quantity, supply chain optimization, safety stock, reorder point, scenario analysis, sensitivity testing