Importance of Machine Learning for Digital Resilient Supply Chain

Yadav, Sachin and Singh, Surya Prakash (2024) Importance of Machine Learning for Digital Resilient Supply Chain. In: 2023 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM), 18-21 December 2023, Singapore.

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Abstract

This paper aims to justify the importance of machine learning (ML) for the digital Supply chain (SC) in real-time. Disruption in SC is strongly affected by the COVID-19 pandemic. Worldwide, continuous lockdowns and shutdown of manufacturing plants have increased the stress on supply, resulting in disturbance amongst the demands and supplies, which increased the overall cost. Tracing the material and transparency in SC are current challenges for manufacturing organizations. Therefore, Blockchain (BC) can be seen as a solution to SC's transparency, traceability, trust, security, etc. But whenever we talk about real-time records, information without integration of ML with BC-integrated SC is incomplete. ML develops the real-time authenticity factor model that incorporates Women's empowerment. This mathematical model is easily integrated with the digital SC procurement problem to estimate real-time procurement costs. This developed ML-based authenticity factor will be a new milestone for optimizing the SC cost in the digital era. This proposed research develops the authenticity factor through machine learning. This model will reduce the errors from SC and make the system more resilient

Item Type: Conference or Workshop Item (Paper)
Keywords: Procurement | Costs | Supply chains | Machine learning | Real-time systems | Mathematical models | Manufacturing
Subjects: Social Sciences and humanities > Business, Management and Accounting > Strategy and Management
Physical, Life and Health Sciences > Computer Science
Social Sciences and humanities > Social Sciences > Social Sciences (General)
JGU School/Centre: Jindal Global Business School
Depositing User: Subhajit Bhattacharjee
Date Deposited: 07 Mar 2024 13:49
Last Modified: 07 Mar 2024 13:49
Official URL: https://doi.org/10.1109/IEEM58616.2023.10406484
URI: https://pure.jgu.edu.in/id/eprint/7419

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