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Demand Forecasting in Retail : A Comparison of Time Series Analysis and Machine Learning Models
(2021)Having an accurate forecast of the upcoming demand is of utmost importance to a retail company, as it helps the retailer plan the day-to-day activities and optimize the supply chain. At the same time, retailers also gather ... -
Leveraging Advanced Analytics for Backorder Prediction and Optimization of Business Operations in the Supply Chain
(2023)Businesses can unlock valuable insights by leveraging advanced analytics techniques to optimize supply chain processes and address backorders. Backorders occur when a customer order cannot be fulfilled immediately due to ... -
Sustainability risk management in supply chains : A case study of Finnish companies
(2021)Sustainability has become an important topic of today’s business environment. Stakeholders are more aware of the sustainability phenomenon and thus require companies to comply with their sustainability requirements. At the ... -
Utilising Supply Chain Visibility for creating more resilient Supply Chains: How Internet of Things, Digital Twins and Cloud Computing can enhance visibility and create more resilient supply chains.
(2024)The COVID-19 pandemic caused a disruption to occur in supply chains. The pandemic proved that supply chains were vulnerable to disasters and that they were not as resilient as believed. A major problem during the pandemic ...