Abstract
The article discusses several challenges related to resilient supply management and demand forecasting. Both of those topics are of great importance for food retailers and producers who aim at reducing the risk of lost sales opportunities and food waste. In the investigated case study of FitBoxY.com, due to the overestimated demand and too large deliveries, historically, even 30% of the products were overdue. The developed ML framework integrated with the supply management system enabled optimization of business costs and reduced food waste from overestimated demand. The experimental evaluation showed that, with the developed solution, it is possible to improve demand forecasting by nearly 50% compared to estimates proposed by human operators.
Research co-funded by Polish National Centre for Research and Development (NCBiR) grant no. POIR.01.01.01-00-0963/19-00 and by Polish National Science Centre (NCN) grant no. 2018/31/N/ST6/00610.
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Acknowledgment
This research was co-financed by Polish National Centre for Research and Development (NCBiR) grant no. POIR.01.01.01-00-0963/19-00 and by Polish National Science Centre (NCN) grant no. 2018/31/N/ST6/00610.
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Grzegorowski, M., Janusz, A., Litwin, J., Marcinowski, Ł. (2022). Data-Driven Resilient Supply Management Supported by Demand Forecasting. In: Szczerbicki, E., Wojtkiewicz, K., Nguyen, S.V., Pietranik, M., Krótkiewicz, M. (eds) Recent Challenges in Intelligent Information and Database Systems. ACIIDS 2022. Communications in Computer and Information Science, vol 1716. Springer, Singapore. https://doi.org/10.1007/978-981-19-8234-7_10
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