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ArticlePeer ReviewedOpen AccessPlagiarism Passed
Paper ID:10.55041/IJSREM29914

Market Dynamics: Enhancing Supply Chain Efficiency Through Demand Prediction

Stream/Area:

-

Subject:

-

Paper ID:

10.55041/IJSREM29914

Volume:

8 |

4 |

Apr 2024

Pages:

Publication Frequency:

Monthly (12 issues per year)

DOI
Digital Object Identifier
10.55041/IJSREM29914

License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.

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Authors

MNN

Miss. N.M.V. Nirmala

MH

Munagala Harish

KG

Kolagani Ganesh

KB

Kommana Bhargav

JSB

Jidugu Suresh Babu

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Abstract

This research gives a state-of-the-art solution for web-based demand forecasting. Machine learning methods are employed to build the approach, which takes use of Seasonal Autoregressive Integrated Moving Average (SARIMA) modeling. Customers may utilize our system to provide product codes combined with the period’s start and end dates in order to correctly anticipate future demand patterns. Through the combination of previous sales data with current market circumstances, competitive plans, and other external variables, our system is able to discover complicated consumer patterns. This gives data that may be utilized for inventory management, pricing strategies, and production scheduling. All things considered, the holistic plan optimizes resource usage, eliminates waste, and supports consumer satisfaction. A data-driven solution that takes advantage of AI capabilities is being offered as part of this joint endeavor. This solution is positioned to assist numerous sectors, including manufacturing, retail, and healthcare, and it will boost operational efficiency and sustainable development in a global economic framework.

KEYWORDS

Product Demand Forecasting Inventory Management Production Planning Time Series Analysis Predictive Analytics Inventory Optimization Demand Prediction System Real-time Forecasting Data-driven Decision Making Supply Chain Optimization Price Elasticity Analysis Demand Volatility Management Retail Analytics.

Cite This Article

Miss. N.M.V. Nirmala, Munagala Harish, Kolagani Ganesh, Kommana Bhargav, Jidugu Suresh Babu, "Market Dynamics: Enhancing Supply Chain Efficiency Through Demand Prediction," International Journal of Scientific Research in Engineering and Management, vol. 8, no. 4, Apr 2024. https://doi.org/10.55041/IJSREM29914

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Publication Date

12/31/45382

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Double-Blind Peer Review

Review Rounds: 2

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The authors declare no conflict of interest related to this research work.

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