Application and Analysis of Retail Inventory Using Data Mining Techniques

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MD. Imtiaz Uddin
MD. Imtiaz Uddin
σ
Tanvir Ahmed
Tanvir Ahmed
ρ
Redoyan Raz
Redoyan Raz
Ѡ
A.H.M Saiful Islam
A.H.M Saiful Islam

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Application and Analysis of Retail Inventory Using Data Mining Techniques

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Abstract

Data mining is one of the most essential tools for gathering information from different datasets in almost all recent industries. In this 21st-century, data mining gained attention because of its significance in decision making, and it has become a key component in various industries such as retail. Inventory management requires pre-planned goals and attention to detail, and prioritizing items that require less attention can be a waste of time and resources. Learning indications about customers’ shopping patterns by showing associations among various provides significant value in managing retail inventory. In the present research paper, popular data mining techniques have been applied and analyzed for multi-item inventory management in retail sales stores to show how data mining techniques can optimize and organize the retail inventory.

References

5 Cites in Article
  1. M Berry,G Linoff (1997). Data Warehousing in Action, Kelly, Sean. John Wiley and Sons, England, 1997, 320 pages ISBN : 0-471-96640-1.
  2. U Fayyad,G M; Piatetsky-Shapiro,P Smyth,R Uthurusamy (1996). Advances in Knowledge Discovery and Data Mining.
  3. Jiawei Han,Micheline Kamber (2006). Data Mining Concepts and Techniques.
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  5. N Bhaskar,Satish Patel,Prajapati,Dr,Kamaljit (1999). I. Lakhtaria. 6. Data Mining for the category management in theretail market Jochen Garcke, Michael Griebel and Michael Thess. 7. Data Mining for Retail Inventory Management Pradip Kumar bala. 8. Growing Lifetime Value.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

MD. Imtiaz Uddin. 2020. \u201cApplication and Analysis of Retail Inventory Using Data Mining Techniques\u201d. Global Journal of Computer Science and Technology - G: Interdisciplinary GJCST-G Volume 20 (GJCST Volume 20 Issue G2): .

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Issue Cover
GJCST Volume 20 Issue G2
Pg. 27- 33
Journal Specifications

Crossref Journal DOI 10.17406/gjcst

Print ISSN 0975-4350

e-ISSN 0975-4172

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GJCST-G Classification: H.2.8
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v1.2

Issue date

March 30, 2020

Language
en
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Data mining is one of the most essential tools for gathering information from different datasets in almost all recent industries. In this 21st-century, data mining gained attention because of its significance in decision making, and it has become a key component in various industries such as retail. Inventory management requires pre-planned goals and attention to detail, and prioritizing items that require less attention can be a waste of time and resources. Learning indications about customers’ shopping patterns by showing associations among various provides significant value in managing retail inventory. In the present research paper, popular data mining techniques have been applied and analyzed for multi-item inventory management in retail sales stores to show how data mining techniques can optimize and organize the retail inventory.

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Application and Analysis of Retail Inventory Using Data Mining Techniques

MD. Imtiaz Uddin
MD. Imtiaz Uddin
Tanvir Ahmed
Tanvir Ahmed
Redoyan Raz
Redoyan Raz
A.H.M Saiful Islam
A.H.M Saiful Islam

Research Journals