UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 11 Issue 10
October-2024
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIRGN06018


Registration ID:
549131

Page Number

153-160

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Title

ANALYSIS ON COST SAVVY LOGISTICS USING MACHINE LEARNING

Abstract

One of the fastest-growing sectors is logistic consignment industries, through which rapid advancements take place in machine learning and provide a lot of opportunities to bring on board cost optimization and efficiency. This paper makes an insight into cost savvy logistics using machine learning techniques. The predictive analytics and advanced algorithm that enable machine are exploited in this paper to bring ease to a variety of logistic process, beginning from demand forecasting to route optimization to inventory management. These results indicate that big cost savings can be made through better accuracy in demand prediction, route optimization of transportation, and efficient resource allocation. Real-time data processing allows for dynamic decision-making, which further raises the efficiency of operations. Case studies and empirical data show applications and benefits of machine learning in reducing logistics cost while maintaining high service levels. It is within places that this study underlines the potential of machine learning to eventually revolutionize logistics and turn into an important tool for inexpensive and efficient logistics operations.

Key Words

Logistics consignment industry, Machine learning, Cost optimization, Predictive analytics, Demand forecasting, Route optimization, Inventory management, Real-time data processing, Dynamic decision-making, Resource allocation

Cite This Article

"ANALYSIS ON COST SAVVY LOGISTICS USING MACHINE LEARNING", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 10, page no.153-160, October-2024, Available :http://www.jetir.org/papers/JETIRGN06018.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"ANALYSIS ON COST SAVVY LOGISTICS USING MACHINE LEARNING", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 10, page no. pp153-160, October-2024, Available at : http://www.jetir.org/papers/JETIRGN06018.pdf

Publication Details

Published Paper ID: JETIRGN06018
Registration ID: 549131
Published In: Volume 11 | Issue 10 | Year October-2024
DOI (Digital Object Identifier):
Page No: 153-160
Country: -, -, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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