This study focuses on optimizing the supply chain at Company A, an industrial gas manufacturing company, by enhancing Demand Forecasting (DF) and solving the Inventory Routing Problem (IRP). Faced with significant challenges, the company seeks to improve operational efficiency and customer satisfaction through accurate forecasting and efficient inventory routing. Six methodologies, including traditional time series techniques (ARIMA, SARIMA), machine learning techniques (RF, XGBoost), and deep learning techniques (LSTM, ANN), were evaluated for Demand Forecasting, with Random Forest achieving the best performance (16.07, 2.86, and 0.53% in RMSE, MAE, MAPE, respectively). The forecasted demand, monitored over fifteen days, was then used to address the IRP through a mathematical model and an Iterated Local Search (ILS) heuristic, resulting in logistics ratio reductions of nearly 76% and 26% comparing to current state. The findings demonstrate significant improvements in forecast accuracy and potential cost savings in logistics and inventory, offering the company valuable insights for overcoming logistical challenges and contributing to the broader field of supply chain optimization in the air industry.

错误:搜索内容不能为空,请输入英文关键词
错误:关键词超出字数限制,请精简
高级检索

Demand Forecasting and Inventory Routing Problem: A Case in Liquefied Industrial Gas Supply Chain

  • Tran Duc Vi,
  • Do Tran Nhat Anh

摘要

This study focuses on optimizing the supply chain at Company A, an industrial gas manufacturing company, by enhancing Demand Forecasting (DF) and solving the Inventory Routing Problem (IRP). Faced with significant challenges, the company seeks to improve operational efficiency and customer satisfaction through accurate forecasting and efficient inventory routing. Six methodologies, including traditional time series techniques (ARIMA, SARIMA), machine learning techniques (RF, XGBoost), and deep learning techniques (LSTM, ANN), were evaluated for Demand Forecasting, with Random Forest achieving the best performance (16.07, 2.86, and 0.53% in RMSE, MAE, MAPE, respectively). The forecasted demand, monitored over fifteen days, was then used to address the IRP through a mathematical model and an Iterated Local Search (ILS) heuristic, resulting in logistics ratio reductions of nearly 76% and 26% comparing to current state. The findings demonstrate significant improvements in forecast accuracy and potential cost savings in logistics and inventory, offering the company valuable insights for overcoming logistical challenges and contributing to the broader field of supply chain optimization in the air industry.