Abstract
The differences in supply chains and their competitiveness depend on the differences in supply chain value creation systems. On the basis of the theory of value cocreation, this study investigates the interactive value creation of consumer electronics supply chains from the perspective of the interaction and added value created by the main value creation bodies in supply chains. Least squares support vector machine (LS-SVM) is innovatively introduced into the study on consumer electronics supply chains. A data-driven model is also established, the parameters of the method and kernel functions are optimized and selected, and an LS-SVM algorithm of consumer electronics supply chains is proposed to deal with the limited number of samples. Then, an empirical analysis of the top 10 smartphone supply chains in the Chinese market is conducted, and the LS-SVM model and other forecasting methods are compared. Results suggest that the LS-SVM model achieves a good predictive accuracy. This study also analyzes the value-adding structure of supply chains from the perspective of interaction and enriches the theory of value creation among supply chains. This study is conducive to helping consumer electronics enterprises to conduct market analyses and determine value growth points accurately.
Highlights
The continuous development of information technologies in recent years has resulted in the constant advancement of the consumer electronics industry under the social background of technological innovation
The differences in supply chains and their competitiveness depend on the differences in supply chain value creation systems [3]
This study considers consumers, open innovation bodies, and other internal and off-chain bodies included in the value creation system of consumer electronics supply chains
Summary
The continuous development of information technologies in recent years has resulted in the constant advancement of the consumer electronics industry under the social background of technological innovation. Some off-chain value creators (such as an open innovation body) are incorporated into supply chain value creation systems, as described in some preliminary theoretical studies and practices. We first consider the theory of value cocreation to explore the internal value creation mechanism of consumer electronics supply chains. This study considers consumers, open innovation bodies, and other internal and off-chain bodies included in the value creation system of consumer electronics supply chains. The value creation system of consumer electronics supply chains is established such that it meets the actual development condition and the status of the consumer electronics industry It innovatively introduces LS-SVM into the study on consumer electronics supply chains, establishes an interactive value-adding datadriven model, and optimizes and selects the parameters and kernel functions of the method to improve its prediction accuracy.
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