Use of Recurrent Neural Networks for Strategic Data Mining of Sales Information

Overview

An increasing number of organizations are involved in the development of strategic information systems for effective linkages with their suppliers, customers, and other channel partners involved in transportation, distribution, warehousing and maintenance activities. An efficient inter-organizational inventory management system based on data mining techniques is a significant step in this direction. This paper discusses the use of neural network based data mining and knowledge discovery techniques to optimize inventory levels in a large medical distribution company. The paper defines the inventory patterns, describes the process of constructing and choosing an appropriate neural network, and highlights problems related to mining of very large quantities of data.