Application of Utility Mining in Supply Chain Management

Abstract

Supply chain management (SCM) assumes an exceptionally indispensable part in overseeing and sorting out big business forms, expanding operational productivity of the association. Inventory management is turning into a need to enhance the establishment and framework inside social orders which thusly builds the financial development. The examination discoveries demonstrate that despite the fact that it appears that SCM gives numerous administrations, it has a few issues as well including poor stock administration, bullwhip impact, high cost of coordination, innovation use, and lacking interest in IT. To beat issues of SCM, there is need of an enhanced sales forecasting model that will build the reliable and efficient forecasting results. An enhanced sales forecasting model is presented in this chapter.