Predictive Logistics Management of Car Sales Based on Machine Learning Algorithm for Supply Chain

  • Pranav Pandurang Gaikwad*
  • , Shishir Gupta
  • , Anvesh Perada
  • , Mangesh Purushottam Dande
  • , E. Muthukumar
  • *Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Machine learning algorithms are implemented in predictive logistics management to optimize the supply chain for vehicle sales. These algorithms are capable of predicting future demand, managing inventory levels, and optimizing distribution procedures by analyzing historical data, prevailing market patterns, and additional external factors. Organizations may enhance customer satisfaction, minimize lead times, and maintain appropriate inventory levels by implementing predictive models. This approach not only improves the overall efficacy of the supply chain, but it also decreases the costs associated with inventory shortages and excess inventory. The integration of machine learning (ML) into logistics management (LM) offers a data-driven solution to the complex and ever-changing supply chain scenarios.

Original languageEnglish
Title of host publication2024 2nd International Conference Computational and Characterization Techniques in Engineering and Sciences, IC3TES 2024
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9798350364699
DOIs
StatePublished - 2024
Externally publishedYes
Event2nd International Conference Computational and Characterization Techniques in Engineering and Sciences, IC3TES 2024 - Lucknow, India
Duration: 15 Nov 202416 Nov 2024

Publication series

Name2024 2nd International Conference Computational and Characterization Techniques in Engineering and Sciences, IC3TES 2024

Conference

Conference2nd International Conference Computational and Characterization Techniques in Engineering and Sciences, IC3TES 2024
Country/TerritoryIndia
CityLucknow
Period15/11/2416/11/24

Bibliographical note

Publisher Copyright:
© 2024 IEEE.

Keywords

  • Car Sales and Machine Learning Algorithms
  • Demand Forecasting
  • Inventory Management
  • Predictive Logistics Management
  • Supply Chain Optimization
  • and Distribution Processes

ASJC Scopus subject areas

  • Computer Science Applications
  • Software
  • Modeling and Simulation

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