This research investigates the optimization of supply chain processes through advanced data analytics and machine learning methodologies. We focus on enhancing supply chain efficiency and resilience by employing predictive analytics to analyze large-scale datasets, identify operational bottlenecks, and forecast demand variability. A comprehensive framework is developed that integrates statistical process control, machine learning algorithms, and real-time data processing techniques, utilizing tools such as Python, R, and SQL for data manipulation and analysis.
The study employs a hybrid approach combining descriptive and prescriptive analytics to evaluate supply chain performance metrics, including lead time, inventory turnover, and order fulfillment rates. Case studies from diverse sectors, such as manufacturing and logistics, are utilized to demonstrate the efficacy of data-driven decision-making. Our findings underscore the critical importance of data integration, machine learning models, and simulation techniques in achieving supply chain agility and responsiveness. This research paves the way for the implementation of advanced analytics in optimizing supply chain networks and enhancing overall operational efficiency.
- ISSN: 2633-4828
- Keywords: Suppply Chain Management, Predictive Analytics, Inventory Management, Artificial Intelligence
- Publisher: International Journal of Advanced Engineering and Technology (IJAET)
- Published (Month, Year): December, 2023
This paper has been published in the
International Journal of Advanced Engineering and Technology (IJAET Vol.5 No. 4, December 2023 Edition) and is available online. (Refer to the link below for the full paper)