University:
California State University, Northridge
Course:
SOM 416 | Supply Chain Management
Academic year:

2024
Views:

225

Pages:

2
Author:

Melani F.

Lecture Note: Leveraging Emerging Technologies for Supply Chain Forecasting Accuracy Introduction: - Supply Chain Forecasting: A Crucial Business Function - The Impact of Inaccurate Forecasts on the Supply Chain - The Role of Emerging Technologies in Improving Forecasting Chapter 1: Understanding AI and Machine Learning: - What is Artificial Intelligence (AI)? - What is Machine Learning (ML)? - How AI and ML Differ from Traditional Approaches - The Relationship Between AI, ML, and Data Chapter 2: Data Collection and Integration: - The Importance of Quality Data in Forecasting - IoT Sensors and Data Streams - Data Integration and Cleaning - Data Warehousing for Forecasting Chapter 3: Predictive Analytics in Supply Chain: - Predictive vs. Descriptive Analytics - The Use of Historical Data in Forecasting - Time Series Analysis - Regression Analysis Chapter 4: Machine Learning Algorithms for Forecasting: - Introduction to Machine Learning Algorithms - Decision Trees and Random Forests - Neural Networks for Forecasting - Support Vector Machines (SVM) - Time Series Forecasting with Recurrent Neural Networks (RNNs) and Long Short-Term Memory (LSTM) Chapter 5: Real-Time Monitoring and Adaptation: - The Need for Real-Time Data - Using AI for Real-Time Forecasting - Automated Decision-Making - Supply Chain Optimization Chapter 6: Case Studies and Examples: - Success Stories of Companies Leveraging AI and ML - Examples of Improved Forecasting Accuracy - Challenges Faced and How They Were Overcome Chapter 7: Ethical Considerations and Challenges: - Bias and Fairness in AI Algorithms - Data Privacy and Security Concerns - Human Oversight in Automated Forecasting Conclusion: - The Future of Supply Chain Forecasting with AI and ML - The Ongoing Evolution of Technology in Supply Chain Management - The Importance of Continuous Learning and Adaptation courses, research papers, and relevant websites for further exploration.