Neural Network in SCM
Kunal A Bhat, Consultant, India, Member
Dear Venu, to begin with, a Neural Network (NN) is a technique employed to simulate the human brain in order to achieve memory, recall and presentation of data. A NN alone cannot solve a problem.
Yet, the various possible outcomes of a NN can be used in the larger context of the solution for various objectives such as predicting possible bottlenecks or classifying and filtering out fraudulent orders, or to also segregate and group orders based on their overall traits so that they may accurately and effectively be treated as required for each type.