An Overview of Optimized Inventory Management Models in Technology Companies: Historical Developments, Practical Applications, and AI-Driven Approaches
This article provides a comprehensive overview of improved inventory management models in technology companies and how AI methodologies such as machine learning, predictive analytics, and optimization algorithms are revolutionizing inventory management by enabling real-time decision making, accurate demand forecasting, and automated inventory replenishment by integrating historical context with state-of-the-art AI techniques. This article provides a thorough understanding of how technology companies can leverage advanced inventory management models to maintain a competitive edge and challenges associated with implementing AI- driven inventory systems. The findings offer valuable insights for both industry practitioners and academics, contributing to the development of more resilient and adaptive inventory management strategies within the rapidly evolving technology sector.
Authors
- Mohammed Mahde Mahmood Arnawtee
- Murooj Fadhil Zaiter Zaiter
Institutions
- Ural Federal University (RU)
Publication Details
- Published
- 2024-12-20
- DOI
- https://doi.org/10.1109/acai63924.2024.10899588
- Primary Topic
- Digital Transformation in Industry
- Type
- article
- Field-Weighted Citation Impact
- 0.00