Machine Learning-Based Demand and Pricing Optimization for a Resilient Automotive Supply Chain

In the supply chain management of the automotive industry, this paper investigates the use of demand forecasting, supply optimization, and price optimization. Optimizing the supply chain is essential for satisfying changing customer needs, cutting expenses, and increasing revenue. This study aims to improve the accuracy of demand prediction, optimize supplier relationships, and simplify pricing strategies through the use of ML-driven models. To solve the difficulties faced by automakers in a volatile market, the suggested framework combines historical data analysis, market trends, and inventory management strategies. The results help the automotive industry's supply chain systems become more flexible and resilient.

Authors

Publication Details

Journal
International Journal for Research in Applied Science and Engineering Technology
Published
2024-10-31
DOI
https://doi.org/10.22214/ijraset.2024.64904
Primary Topic
Digital Transformation in Industry
Type
article
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article

Machine Learning-Based Demand and Pricing Optimization for a Resilient Automotive Supply Chain

S. S. Ambekar
International Journal for Research in Applied Science and Engineering Technology
Digital Transformation in Industry
article

Machine Learning-Based Demand and Pricing Optimization for a Resilient Automotive Supply Chain

S. S. Ambekar
article en

Abstract

In the supply chain management of the automotive industry, this paper investigates the use of demand forecasting, supply optimization, and price optimization. Optimizing the supply chain is essential for satisfying changing customer needs, cutting expenses, and increasing revenue. This study aims to improve the accuracy of demand prediction, optimize supplier relationships, and simplify pricing strategies through the use of ML-driven models. To solve the difficulties faced by automakers in a volatile market, the suggested framework combines historical data analysis, market trends, and inventory management strategies. The results help the automotive industry's supply chain systems become more flexible and resilient.

International Journal for Research in Applied Science and Engineering TechnologyVol. 12(10)
Industry, innovation and infrastructure
Openalex Percentile: Top 72%
Digital Transformation in Industry
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