Optimized computational techniques-based inventory control process in supply chain management

Abstract

Now-a-days, supply chain management is one of the crucial factors in business for identifying the flow of goods, raw material storage, movement of products and inventory process so on. The main aim of the supply chain management process is to provide the valuable business services, infrastructure, logistic control and inventory control to the business for improving the business. Among the various supply chain factors, inventory control is one of the difficult tasks in supply chain management process because of high cost inventory, consistent stockouts, low rate of inventory turnover, high value of obsolete inventory, maximum working capital, huge cost for storage and lot customers. Then, several supply chain management techniques are introduced in traditional to control the inventory process but they are failing to detect with greatest accuracy due to the low convergence rate in computation techniques. So, in this paper introduce the effective and optimized neural network computational approach for managing the inventory control. In addition to this, the system ability to select the product based on the few factors that improve the inventory control system accuracy. Then the excellence of the system is evaluated using experimental analysis and respective performance metrics.