Inventory Backorder Prediction

Abstract

Abstract: Product going to out of stock is a common problem in supply and chain scenario that comes under unpredictable risk in demand and supply. We aim to use Machine Learning predictive models in area of the business processes in decision making. By predicting products, backorder predictive models provides flexibility to decision authority, better clarity in the process, and helps in maintaining greater accuracy. The machine learning models that are tree based are chosen to predict material backordering. The backorders of products are predicted in this project by considering various models.