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21.

Decision making with association rule mining and clustering in supply chains Pages 11-18 Right click to download the paper Download PDF

Authors: Reshu Agarwal

DOI: 10.5267/j.ijdns.2017.1.003

Keywords: Data mining, Association rule mining, Inventory management, Cross-selling, ABC classification, Clustering

Abstract:
This paper deals with data mining applications for the supply chain inventory management. ABC characterization is typically utilized for stock items arrangement on the grounds that the quantity of stock items is large to the point that it is not computationally practical to set stock and admin-istration control rules for every individual item. Moreover, in ABC classification, the inter-relationship between items is not considered. But practically, the sale of one item could influence the sale of other items (cross selling effect). Consequently, within each cluster, the inventories should be classified. In this paper, a modified approach is proposed considering both cross-selling effect and clusters to rank stock items. A numerical case is utilized to clarify the new ap-proach. It is represented that by utilizing this modified approach; the ranking of items may get influenced bringing about higher profits.
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Journal: IJDS | Year: 2017 | Volume: 1 | Issue: 1 | Views: 2471 | Reviews: 0

 
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