Machine Learning and Deep Learning Models for Demand Forecasting in Supply Chain Management: A Critical Review
Abstract
:1. Introduction
2. Theoretical Background
3. Materials and Methods
3.1. Data Preparation
3.2. Data Filtering
- Stage 1: Removal of duplicate literature;
- Stage 2: Selection of articles that are relevant to the research topic;
- Stage 3: Specific identification of articles that are most relevant to the research topic;
- Stage 4: Identification of articles that are important.
3.3. Visual Representation Techniques
4. Findings Results
4.1. Descriptive Findings
4.1.1. Keyword, Title, and Abstract of Publication
4.1.2. The Total Volume of Publications over Time
4.1.3. The Distribution of Publications by Field, Type, and Journal
4.1.4. The Different Methodological Approaches and Article Proportion
4.1.5. The Distribution of Publications among Countries, and Collaborative Efforts between Them
4.1.6. The Analysis of Scientific Output by Country
4.1.7. Insights from the Most Globally Cited Documents
Author(s) and Year | Research Goals | ML/DL Models Used | Dataset Characteristics | Key Findings | Advantages | Limitations |
---|---|---|---|---|---|---|
Seyedan [24] | To integrate demand forecasting with AI and ML for enhanced accuracy in supply chain management | Various ML models like random forest, SVM, and neural networks | Large-scale retail dataset with diverse product categories | AI/ML models significantly outperform traditional forecasting methods | Improved accuracy and adaptability | High computational cost and complexity |
Chien [28] | To apply ML models to predictive analytics in supply chain demand forecasting | Hybrid models combining regression and neural networks | Industrial production and sales data | Hybrid models reduce forecasting errors up to 20% compared to standard methods | Effective in capturing complex patterns | Requires extensive data preprocessing |
Aamer [26] | To explore the role of AI in optimizing demand forecasting in operations management | Deep learning models (CNN, LSTM) | Supply chain operations data | DL models enhance demand prediction accuracy, especially for volatile demand patterns | Handles large datasets effectively | Long training times and potential overfitting |
Sardar [27] | To investigate process optimization in supply chains through AI-driven demand forecasting | Gradient boosting, decision trees | Manufacturing and logistics datasets | AI-driven models increase efficiency in supply chain management by optimizing inventory levels | Reduces human intervention in forecasting | Model interpretability can be challenging |
Nikolopou [31] | To evaluate traditional and ML-based demand forecasting methods | Traditional methods vs. ML models (e.g., ARIMA, SVM) | Historical sales and demand data | ML models provide competitive accuracy with better scalability | Balances traditional and modern approaches | ML models require more data and fine-tuning |
Gonçalves [32] | To implement ML techniques in decision-support systems for supply chain demand forecasting | Ensemble learning methods (e.g., bagging, boosting) | Diverse supply chain datasets | Ensemble methods outperform single models in demand prediction | Enhances robustness and accuracy | Requires more computational resources |
Hu H, 2023 [25] | To explore cutting-edge AI/ML techniques in demand forecasting for dynamic supply chains | Advanced DL models (e.g., transformers) | Real-time and historical data integration | Transformer models capture temporal dependencies better than traditional methods | High accuracy in real-time applications | Complex implementation and high computational cost |
Leung [33] | To analyze data-driven demand forecasting using AI in supply chains | Clustering, decision trees | Retail and distribution data | Data-driven approaches improve demand forecasting by identifying underlying patterns | Effective in managing large datasets | May require domain-specific tuning |
Abolghase [34] | To assess the impact of AI on demand forecasting in production economies | Neural networks, regression models | Production and demand datasets from various industries | AI models lead to more accurate and timely predictions in production planning | Scalable across industries | Requires continuous model updating |
Shokouhif [29] | To incorporate sustainability into demand forecasting using AI | DL models with environmental factors | Supply chain data with sustainability metrics | Sustainable AI models align demand forecasting with green supply chain practices | Balances economic and environmental goals | May face trade-offs between accuracy and sustainability objectives |
4.1.8. Keywords and Subject Clusters within the Publications
4.2. Trajectory and Trends in ML and DL Applications
4.2.1. Thematic Trends and Patterns
4.2.2. Thematic Evolution
5. Discussion
5.1. Comprehensive Insights from AI-Driven Automation in Supply Chain Management
5.2. Technical Analysis and Comparative Effectiveness of ML and DL Models
5.2.1. Long Short-Term Memory (LSTM) Networks
5.2.2. Random Forest (RF)
5.2.3. Support Vector Machine (SVM)
5.2.4. Extreme Gradient Boosting (XGBoost)
5.2.5. SARIMA–LSTM–BP Combination Model
5.2.6. Comparative Effectiveness
5.3. Refined Impact Assessment of AI on Supply Chain Demand Forecasting
5.4. Addressing the Research Gaps and Future Directions
5.4.1. Strategic Implications and Practical Applications
5.4.2. Challenges and Future Directions
6. Conclusions
Author Contributions
Funding
Data Availability Statement
Acknowledgments
Conflicts of Interest
References
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Category | Keywords |
---|---|
Demand forecasting | (“demand forecasting” OR “demand prediction”) AND |
Artificial intelligence | (“artificial intelligence” OR “machine learning” OR “deep learning”) AND |
Supply chain management | (“supply chain management “ OR “supply chain “) |
Type of Paper | Numbers |
---|---|
Article | 45 |
Conference paper | 60 |
Book chapter | 11 |
Conference review | 3 |
# | Size | Silhouette | Label (lsi) | Label (llr) | Label (mi) | Average Year |
---|---|---|---|---|---|---|
1 | 18 | 0.988 | Supply chain management | Exploring application (6.19, 0.05) | Review (0.4) | 2019 |
2 | 18 | 0.967 | Intelligent system | Vaccine supply chain management (6.19, 0.05) | Using deep learning technique (0.4) | 2020 |
3 | 15 | 0.924 | Machine learning technique | Machine learning technique (6.62, 0.05) | Learning approach (0.34) | 2016 |
4 | 14 | 1 | Predictive big data analytics for supply chain demand forecasting: methods, applications, and research opportunities | Supply chain demand forecasting (5.22, 0.05) | Supply chain demand forecasting (0.11) | 2020 |
5 | 7 | 1 | Modeling wholesale distribution operations: an artificial intelligence framework | Modeling wholesale distribution operations (6.95, 0.01) | Modeling wholesale distribution operations (0.08) | 2021 |
# | Supply Chain Application | AI Methods |
---|---|---|
1 | Blood supply chain management | Machine learning, time series forecasting |
2 | Automated blood bank management | Automated machine learning, forecasting |
3 | Blockchain-enabled demand forecasting | Blockchain integration, machine learning |
4 | Supply chain optimization | Evolutionary algorithms, support vector regression (SVR) |
5 | AI in small- and medium-sized enterprises (SMEs) | Artificial intelligence (AI), machine learning, deep learning |
6 | Supplier selection and order allocation | Machine learning, optimization models |
7 | E-healthcare supply chain management | Deep learning, reinforcement learning |
8 | Predictive analysis in supply chain management | Machine learning, predictive analytics |
9 | Retail demand prediction with machine learning | Tree-based ensembles, long short-term memory (LSTM) |
10 | AI-based time-series forecasting for inventory | AI-based time-series forecasting, anomaly detection |
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Share and Cite
Douaioui, K.; Oucheikh, R.; Benmoussa, O.; Mabrouki, C. Machine Learning and Deep Learning Models for Demand Forecasting in Supply Chain Management: A Critical Review. Appl. Syst. Innov. 2024, 7, 93. https://doi.org/10.3390/asi7050093
Douaioui K, Oucheikh R, Benmoussa O, Mabrouki C. Machine Learning and Deep Learning Models for Demand Forecasting in Supply Chain Management: A Critical Review. Applied System Innovation. 2024; 7(5):93. https://doi.org/10.3390/asi7050093
Chicago/Turabian StyleDouaioui, Kaoutar, Rachid Oucheikh, Othmane Benmoussa, and Charif Mabrouki. 2024. "Machine Learning and Deep Learning Models for Demand Forecasting in Supply Chain Management: A Critical Review" Applied System Innovation 7, no. 5: 93. https://doi.org/10.3390/asi7050093
APA StyleDouaioui, K., Oucheikh, R., Benmoussa, O., & Mabrouki, C. (2024). Machine Learning and Deep Learning Models for Demand Forecasting in Supply Chain Management: A Critical Review. Applied System Innovation, 7(5), 93. https://doi.org/10.3390/asi7050093