Research on Supply Chain Demand Prediction Model Based on LSTM

Abstract

The supply chain regards suppliers, producers, and consumers as an organic whole, unifying and coordinating the information flow, logistics, and capital flow of all members, and achieving the goal of win-win for all members in the overall operation of cross organization. Demand forecasting is an important factor driving the entire supply chain, and low error rates in forecasting are a common goal pursued by the industry. In order to improve the quality of demand forecasting, enhance the efficiency of supply chain operations, and leverage the important role of machine learning in the era of artificial intelligence, this paper conducts research based on LSTM. Firstly, this paper determines the objective function and constraints for supply chain demand forecasting; Then, this paper constructs a supply chain demand prediction model, based on the LSTM network structure, determine the network training method and model construction process; Finally, this paper conducts simulation experiments and result analysis, configure LSTM parameters, determine model performance evaluation indicators, and compare and analyze actual values with predicted values. The results indicate that the supply chain demand prediction model constructed in this article has very good performance and has promotional value in practice.