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Inventory-Prediction-System-for-E-Commerce-Using-Machine-Learning

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Meenachi Sundaram
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2 views11 pages

Inventory-Prediction-System-for-E-Commerce-Using-Machine-Learning

Uploaded by

Meenachi Sundaram
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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VINAYAKA MISSION’S

KIRUPANANDA VARIYAR ENGINEERING COLLEGE

Inventory Prediction System for


E-Commerce Using Machine
Learning

Guided By Presented By

Dr. S. Karthik V.D.Emaya


Assistant Professor SAKTHIVEL.T
Inventory Prediction System
for E-Commerce Using
Machine Learning
This presentation details the development of an inventory prediction
system. It uses machine learning to optimize e-commerce stock
levels. The goal is to reduce costs and improve inventory planning.
Let's explore the project's scope, objectives, and potential impact.
Abstract: ML for Inventory
Optimization
Inventory mismanagement leads to financial losses for e-commerce
businesses. Overstocking and understocking both impact profitability.

This system predicts stock needs using machine learning. It analyzes


sales data, seasonal trends, and demand patterns. ARIMA, Prophet,
and Regression models are used.

Backend Database
Python, Flask/Django MongoDB

Visualization
Matplotlib/Plotly
Aim and Objectives
The aim is to develop an inventory prediction system. It will leverage
machine learning to optimize stock levels. This reduces costs and
improves planning.

1 Time-Series Models 2 Historical Data


Implement ARIMA and Use sales data and
Prophet. customer trends.

3 Scalable Backend
Develop using Flask/Django.
Project Scope
This project utilizes simulated datasets for historical sales and inventory. The backend is built with Python and
Flask/Django. MongoDB is used for data storage. Scikit-learn, ARIMA, and Prophet are used for machine learning.

Data Sources Backend Machine Learning

Simulated datasets for sales and Python, Flask/Django Scikit-learn, ARIMA, Prophet
demand.
Existing Systems & Challenges
Most e-commerce businesses use rule-based inventory management.
They rely on manual intervention and static reorder levels. These
systems often fail to consider seasonal trends.

Overstocking
Storage costs and product wastage.

Understocking
Missed sales opportunities.

Lack of Predictions
No real-time stock predictions.
Proposed System & Solutions
We propose a Machine Learning-based inventory prediction system. It
utilizes historical data and algorithms. This optimizes stock levels and
provides real-time alerts.

Dynamic Automated Alerts Data-Driven


Forecasting
Software Requirements
The system requires Python 3.8+ and Flask/Django for the backend.
MongoDB is used for data storage. Machine learning models are
developed with Scikit-learn and ARIMA/Prophet. Matplotlib/Plotly are
used for visualization.

Software Purpose

Python 3.8+ Core programming language

Flask/Django Backend API & logic

MongoDB NoSQL database


List of Modules
The system consists of several modules. These include data collection and preprocessing. Other modules are machine
learning model implementation, and backend development.

1 Data Collection

2 ML Model

3 Backend
Conclusion & Future Scope
This system predicts inventory levels accurately using machine
learning. It reduces costs by preventing stock issues. It uses a
scalable and flexible architecture. Future scope includes real-time
data integration.

1 Cost Reduction
Prevent over/understocking.

2 Real-time Alerts
Visual dashboards.

3 Scalable
Easy expansion.
Thank You

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