Predicted Analysis of Supply Chain Collaboration Using Machine Learning Approach

Supply chain cooperation means a long-term relationship that mainly involves organisations that usually engage in information sharing and work together to plan and orchestrate changes to the business processes in a bid to improve performance. To enhance the formation of supply chain relations, this research explores how ML can address transparency issues, misalignments in incentives, and inefficiencies. This research work adopted a dataset of differing 180,519 cases in an effort to improve inventory control, demand estimations, and logistics chaining through predictive analysis. Maintaining data integrity and effectively dealing with missing values prompted the 70:15:15 data split across training, validation, and test sets. Finally, after training and testing, a new model, namely Support Vector Machine (SVM), fared better than the baseline model, which is K-Nearest Neighbours (KNN). The SVM achieved better results than the KNN model with 98. 91% accuracy, 98. 96% sensitivity, and 98. 65% specificity. These findings highlight how cooperation and efficiency in the supply chain can be enhanced through the use of machine learning. Integrating these methods into current supply chain systems for better collaboration and resilience may be the focus of future research into real-time data processing.

Authors

Institutions

Publication Details

Published
2024-09-04
DOI
https://doi.org/10.1109/globalaisummit62156.2024.10947955
Primary Topic
Digital Transformation in Industry
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Predicted Analysis of Supply Chain Collaboration Using Machine Learning Approach

Sandeep Gupta, Jubin Thomas, Ritesh Tandon, Kirti Vinod Vedi
Digital Transformation in Industry
article

Predicted Analysis of Supply Chain Collaboration Using Machine Learning Approach

Sandeep Gupta, Jubin Thomas, Ritesh Tandon, Kirti Vinod Vedi
article en

Abstract

Supply chain cooperation means a long-term relationship that mainly involves organisations that usually engage in information sharing and work together to plan and orchestrate changes to the business processes in a bid to improve performance. To enhance the formation of supply chain relations, this research explores how ML can address transparency issues, misalignments in incentives, and inefficiencies. This research work adopted a dataset of differing 180,519 cases in an effort to improve inventory control, demand estimations, and logistics chaining through predictive analysis. Maintaining data integrity and effectively dealing with missing values prompted the 70:15:15 data split across training, validation, and test sets. Finally, after training and testing, a new model, namely Support Vector Machine (SVM), fared better than the baseline model, which is K-Nearest Neighbours (KNN). The SVM achieved better results than the KNN model with 98. 91% accuracy, 98. 96% sensitivity, and 98. 65% specificity. These findings highlight how cooperation and efficiency in the supply chain can be enhanced through the use of machine learning. Integrating these methods into current supply chain systems for better collaboration and resilience may be the focus of future research into real-time data processing.

Historians of Netherlandish Art (US), Vesta Sciences (United States) (US)
Openalex Percentile: Top 57%
Digital Transformation in Industry
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.