An IIoT quality global enterprise inventory management model for automation and demand forecasting based on cloud

Abstract

Inventory management is an important function of every global enterprise. Enterprises often make financial loss when the goods get misplaced and when they are lost. There is a need for a quality inventory management model that enterprises can implement easily. Enterprises can make more revenue when the inventory is managed efficiently with computational intelligence and predictive analytics. Industrial Internet of Things (IIoT) collects useful data from machines and sensors which can be used for demand forecasting of the enterprise and automation. The proposed IIoT Quality Inventory Management Model can be used for automation and demand forecasting of the inventories.