Year: 2024
Type: article
Abstract: This project focuses on the development of an advanced artificial intelligence-based system for optimizing order procurement and inventory management in supply chains. The system utilizes machine learning algorithms to analyze historical sales data, customer behavior, and market trends, enabling it to predict optimal procurement times and quantities for imported products. The primary objective is to reduce excess stock, prevent stockouts, and improve overall inventory turnover. By integrating features such as substitute product tracking, import forecasting, and truckload optimization, the system enhances decision-making processes and ensures efficient supply chain operations. Furthermore, the inclusion of real-time data for demand forecasting aims to improve the accuracy of predictions and adapt to dynamic market conditions. The project also envisions future advancements, including the incorporation of external factors like seasonal variations and promotional campaigns, as well as the automation of supply chain processes. Ultimately, the system aims to provide more accurate, data-driven insights for decision-making, leading to enhanced operational efficiency and a more responsive and resilient supply chain.
Authors: Gizem Yeldan, Gökçe Yılmaz, Gökhan Kayatürk
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4406095297