Optimizing Supply Chain Management Through BO-CNN-LSTM for Demand Forecasting and Inventory Management

Abstract

This project addresses demand forecasting and inventory optimization in supply chain management. Traditional methods have limitations with complex demand patterns and large-scale data. Deep learning techniques are employed to enhance accuracy and efficiency. The project utilizes BOCNN- LSTM, leveraging Bayesian optimization for hyperparameter tuning, Convolutional Neural Networks (CNNs) for spatiotemporal feature extraction, and Long Short-Term Memory Networks (LSTMs) for modeling sequential data. Experimental results validate the effectiveness of the approach, outperforming traditional methods. Practical implementation in supply chain management improves operational efficiency and cost control.