AI-Based Holistic Model for Decision-Support System in Inventory Optimization using deep Learning

Abstract

Abstract: This study introduces an innovative artificial intelligence-driven comprehensive model designed for a decision-support system in inventory optimization. This model was developed using advanced deep learning techniques. The model aims to surpass the constraints of typical inventory management systems by effectively capturing temporal correlations and nuanced patterns in the data. This is achieved by integrating Long Short-Term Memory (LSTM) and Gated Recurrent Unit (GRU) architectures. To navigate modern supply chains effectively, the primary focus should be on offering real-time decision support. The approach aims to enhance the decision-making processes in inventory management. This brief introduction offers insight into a distinctive method aimed at addressing the challenges of modern supply networks. The strategy focuses on providing realtime decision support and optimization strategies to enhance inventory management efficiency. The model's effectiveness is demonstrated by thorough performance evaluations, showing higher accuracy, precision, and recall compared to existing logistic regression models. The suggested LSTM model achieves an accuracy of 0.99, precision of 0.96, recall of 0.94, and an F1 Score of 0.97, surpassing existing models with higher scores in all metrics. The GRU model, albeit somewhat less effective than the LSTM, shows great overall performance, especially in recall with a score of 0.97. This investigation compares the effectiveness of different models, focusing on the potential advancements made possible by LSTM and GRU architectures in improving decision-support systems for inventory optimization. The AI-Based Holistic Model provided is at the forefront of technology advancements, offering a comprehensive solution for making educated decisions and optimizing inventories sustainably in today's highly competitive corporate climate.