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Predicting sales and cross-border e-commerce supply chain management using artificial neural networks and the
Lun Xie1, Jiaquan Liu2, Wei Wang3
1School of Journalism and Communication, Shanghai University, Shanghai, 200072, China.
Scientific Reports
|June 10, 2024
Summary
This study enhances cross-border e-commerce supply chains using machine learning and the Internet of Things for accurate order prediction and resource allocation. The novel approach significantly reduces errors in sales forecasting, improving efficiency.
Area of Science:
- Supply Chain Management
- Machine Learning
- Internet of Things
Background:
- E-commerce relies on efficient distribution and demand forecasting for cost reduction.
- Cross-border e-commerce presents unique supply chain challenges.
- Integrating advanced technologies is crucial for optimizing e-commerce operations.
Purpose of the Study:
- To improve supply chain efficiency in cross-border e-commerce.
- To develop a robust system for order prediction and resource allocation.
- To leverage machine learning and IoT for enhanced e-commerce logistics.
Main Methods:
- A two-stage approach: order prediction followed by resource allocation.
- Utilizing a weighted mixture of neural networks for sales order forecasting.
- Employing the Capuchin Search Algorithm (CapSA) to optimize model weights and ensemble performance.
Main Results:
- Achieved a Root Mean Squared Error (RMSE) of 2.27 in sales prediction.
- Demonstrated a minimum decrease of 2.4 in RMSE compared to existing methods.
- Reduced Mean Absolute Percentage Error (MAPE) by 14.67% against comparative approaches.
Conclusions:
- The proposed method effectively predicts sales orders and optimizes resource allocation in cross-border e-commerce.
- The integration of neural networks and CapSA significantly enhances prediction accuracy.
- The approach offers a substantial improvement in supply chain efficiency and cost reduction.
Keywords:
Artificial neural networksCapuchin search algorithmCross-border e-commerceInternet of ThingsPredicting sales
