Multi-Source Information & AI Algorithms for Lead Time Prediction
There are numerous challenges facing the current supply chain sector, including unpredictable demand and a lack of stability among suppliers, both of which impact efficiency. Accurate prediction of supplier Lead Time is crucial for efficient inventory management, production scheduling, and service level improvement. This article presents an innovative solution by combining multi-source information with artificial intelligence (AI) algorithms to enhance prediction accuracy, to generate more reliable predictions of supplier delivery times. This integration improves inventory management and production planning, ultimately enhancing overall supply chain ...
From Issue:
Artificial Intelligence is Revolutionizing Demand Planning
(Winter 2024-2025)
IBF Journal Article by Ye Tian, ACPF, originally published in Winter 2024-2025
Multi-Source Information & AI Algorithms for Lead Time Prediction