Indonesian Journal of Innovation Studies
Vol. 25 No. 3 (2024): July

Neural Network Sales Revolution Outperforms Exponential Smoothing: Revolusi Penjualan Jaringan Syaraf Mengungguli Perataan Eksponensial

Sari, Safia Meilia (Unknown)
Sari Wulandari, Indah Apriliana (Unknown)



Article Info

Publish Date
11 Jun 2024

Abstract

This research addresses the challenges faced by food manufacturing companies, focusing on UD. XYZ as a case study. With fluctuating sales levels causing raw material buildup and shortages, the study proposes an improved sales forecasting method to enhance raw material control. By comparing Artificial Neural Network (ANN) and Double Exponential Smoothing Holts, the research aims to optimize inventory management and production processes. Results indicate ANN's superiority over Holts, with an accuracy rate of 0.118 compared to 11.639. The ANN model accurately forecasts sales for the upcoming twelve-month period, highlighting a decline from July 2023 to May 2024. Implementing advanced forecasting methods can mitigate raw material-related risks and enhance operational efficiency for companies like UD. XYZ. Highlight: Enhanced sales prediction methods crucial for inventory planning. Artificial Neural Network outperforms traditional forecasting techniques. Improved forecasting mitigates raw material shortages and excesses. Keywoard: Sales forecasting, Artificial Neural Network, Raw material control, Inventory management, Production optimization.

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Journal Info

Abbrev

ijins

Publisher

Subject

Computer Science & IT Education Engineering Law, Crime, Criminology & Criminal Justice

Description

Indonesian Journal of Innovation Studies (IJINS) is a peer-reviewed journal published by Universitas Muhammadiyah Sidoarjo four times a year. This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global ...