Demand Forecasting For Improving Inventory Management: A Case Of Autonomous Company

Abstract

In recent years, society and industry have been progressing in a positive direction, and this trend has continued. E-commerce is one of the fields that is in a high position now because it has a development index that is evaluated and to be in a high position. Because the Internet is one of the essential online tools that now. With projected sales of 862.4 billion dollars in 2021, the United States overtakes Japan to become the world's secondlargest eCommerce market. China will continue to hold the top spot. In 2021, the growth rate of eCommerce markets the world was 18%, the United States' market contributing a growth rate of 22%. When retailers can sell their products to consumers via the Internet, E-commerce presents a tremendous opportunity for economic development. Since then, the E-logistics segments have also begun to develop in a promising manner, and one of the fastest growing areas of the E-logistics industry is Dropshipping - where retailers can create their own market to sell many products from many wholesalers, and customers can have many options when visiting retailers' websites to make purchases. This study aims to identify and improve the issue in Dropshipping that causes a decrease in sales due to outof-stock products on retailers' websites. Data about sale quantity from January to June of 2022 will be collected for analysis and application to forecasting methods for the next six months of 2022, so that vendors can estimate and consider better stock control to input and sell on the retailer's page. GO and Mongo DB will set up a program to notify vendors via email when their products reach the safety stock level. This procedure ensures that the sale rate and purchasing process of customers are uninterrupted.