Innovative Integration of Machine Learning Predictive Models within Blockchain Frameworks for Supply Chain Fault Tolerance

The study came up with a new way to make the supply chain more fault-tolerant by combining Machine Learning Predictive Models with Blockchain Frameworks (MLBH). This idea was put to the test against six common ways to handle problems in the supply chain. These are Lean Supply Chain Management, Supply Chain Risk Assessment, Demand Forecasting Models, Vendor-Managed Inventory (VMI), and Inventory Optimization. We judged success by how well it could be scaled, how much money it saved, how accurate the predictions were, how open it was, and how much it couldn't be changed. It was clear that the MLBH method worked better. It turned out to be better than traditional methods in every way, such as being open, scalable, saving money, protecting data, not being able to be changed, and making accurate predictions. Businesses that want to improve their performance and return on investment (ROI) should think about the suggested method, which has been shown to make supply chains more resilient and efficient. The cost-benefit analysis showed that the suggested answer had a strong return on investment (ROI), even though it would require some upkeep and implementation costs.

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Publication Details

Published
2024-12-06
DOI
https://doi.org/10.1109/ihcsp63227.2024.10959892
Primary Topic
Blockchain Technology Applications and Security
Type
article
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article

Innovative Integration of Machine Learning Predictive Models within Blockchain Frameworks for Supply Chain Fault Tolerance

Swati Bula Patil, S. Prabagaran, Mahmood Shah, P. C. Pande et al.
Blockchain Technology Applications and Security
article

Innovative Integration of Machine Learning Predictive Models within Blockchain Frameworks for Supply Chain Fault Tolerance

Swati Bula Patil, S. Prabagaran, Mahmood Shah, P. C. Pande, Sahil Khurana, Shweta Saxena
article en

Abstract

The study came up with a new way to make the supply chain more fault-tolerant by combining Machine Learning Predictive Models with Blockchain Frameworks (MLBH). This idea was put to the test against six common ways to handle problems in the supply chain. These are Lean Supply Chain Management, Supply Chain Risk Assessment, Demand Forecasting Models, Vendor-Managed Inventory (VMI), and Inventory Optimization. We judged success by how well it could be scaled, how much money it saved, how accurate the predictions were, how open it was, and how much it couldn't be changed. It was clear that the MLBH method worked better. It turned out to be better than traditional methods in every way, such as being open, scalable, saving money, protecting data, not being able to be changed, and making accurate predictions. Businesses that want to improve their performance and return on investment (ROI) should think about the suggested method, which has been shown to make supply chains more resilient and efficient. The cost-benefit analysis showed that the suggested answer had a strong return on investment (ROI), even though it would require some upkeep and implementation costs.

Jain University (IN), Karpagam Academy of Higher Education (IN), Chitkara University (IN)
Openalex Percentile: Top 53%
Blockchain Technology Applications and Security
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Innovative Integration of Machine Learning Predictive Models within Blockchain Frameworks for Supply Chain Fault Tolerance — Swati Bula Patil, S. Prabagaran, et al. · (2024) | TGRS Research Map | TGRS