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Artificial neural network, in short, ‘Neural Network’, is a network of simple processing units called artificial neurons, which simulate the functioning of human brain – an awe-inspiring creation on Earth. Neural network is used in artificial intelligence and has been traditionally been viewed as a simplified model of neural processing in the brain. Neural networks have a remarkable ability to derive meaning from complicated and imprecise data. They can be ...
Collaborative Planning, Forecasting and Replenishment (CPFR) is the sharing of forecasts and related business information among business partners in the supply chain to enable automatic product replenishment. CPFR, a set of guidelines supported and published by the VICS Association, changes the rules, so that companies throughout the supply chain can simultaneously lower costs and improve customer services. The CPFR solution itself does not have to be deployed by ...
Reverse logistics refers to all logistic activities to collect, disassemble and process returned products, parts and packages in order to ensure an environment friendly recovery at a reasonably economic cost. It is a process of planning, implementing and controlling the efficient, cost-effective flow of materials and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal. Environmental ...