Real-Time Predictive Analytics Integration for SAP-Based Inventory Management
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Abstract
This paper explores the integration of real-time predictive analytics into SAP-based inventory management, an innovation that enables organizations to optimize stock levels, forecast demand accurately, and enhance overall supply chain efficiency. We conducted a literature review to examine the evolution of predictive analytics in ERP systems and implemented a predictive analytics model within an SAP environment. Our study found significant improvements in forecast accuracy, inventory turnover, and reduction in stockouts and carrying costs. The results underscore the value of integrating predictive analytics in SAP systems for dynamic inventory management and responsive decision-making.
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• Sivaprasad Nadukuru, Dr S P Singh, Shalu Jain, Om Goel, & Raghav Agarwal. 2023. "Implementing SAP Hybris for E-commerce Solutions in Global Enterprises." Universal Research Reports 10(2):639–675. https://doi.org/10.36676/urr.v10.i2.1374.
• Nadukuru, Sivaprasad, Venkata Ramanaiah Chintha, Vishesh Narendra Pamadi, Punit Goel, Vikhyat Gupta, and Om Goel. 2023. "SAP Pricing Procedures Configuration and Optimization Strategies." International Journal of Progressive Research in Engineering Management and Science 3(12):428–443. doi: https://www.doi.org/10.58257/IJPREMS32370.
• Pagidi, Ravi Kiran, Shashwat Agrawal, Swetha Singiri, Akshun Chhapola, Om Goel, and Shalu Jain. 2023. "Real-Time Data Processing with Azure Event Hub and Streaming Analytics." International Journal of General Engineering and Technology (IJGET) 12(2):1–24.
• Pagidi, Ravi Kiran, Jaswanth Alahari, Aravind Ayyagari, Punit Goel, Arpit Jain, and Aman Shrivastav. 2023. "Building Business Intelligence Dashboards with Power BI and Snowflake." International Journal of Progressive Research in Engineering Management and Science (IJPREMS) 3(12):523-541. DOI: https://www.doi.org/10.58257/IJPREMS32316.
• Pagidi, Ravi Kiran, Santhosh Vijayabaskar, Bipin Gajbhiye, Om Goel, Arpit Jain, and Punit Goel. 2023. “Real Time Data Ingestion and Transformation in Azure Data Platforms.” International Research Journal of Modernization in Engineering, Technology and Science 5(11):1-12. doi:10.56726/IRJMETS46860.
• Kankanampati, Phanindra Kumar, Santhosh Vijayabaskar, Bipin Gajbhiye, Om Goel, Arpit Jain, and Punit Goel. 2023. "Optimizing Spend Management with SAP Ariba and S4 HANA Integration." International Journal of General Engineering and Technology (IJGET) 12(2):1–24.
• Kshirsagar, Rajas Paresh, Vishwasrao Salunkhe, Pronoy Chopra, Aman Shrivastav, Punit Goel, and Om Goel. 2023. “Enhancing Self-Service Ad Platforms with Homegrown Ad Stacks: A Case Study.” International Journal of General Engineering and Technology 12(2):1–24.
• Kshirsagar, Rajas Paresh, Pagidi, Ravi Kiran, Phanindra Kumar Kankanampati, Raghav Agarwal, Shalu Jain, and Aayush Jain. 2023. “Implementing Advanced Analytics for Real-Time Decision Making in Enterprise Systems.” International Journal of Electronics and Communication Engineering (IJECE).
• Kshirsagar, Rajas Paresh, Venudhar Rao Hajari, Abhishek Tangudu, Raghav Agarwal, Shalu Jain, and Aayush Jain. 2023. “Improving Media Buying Cycles Through Advanced Data Analytics.” International Journal of Progressive Research in Engineering Management and Science (IJPREMS) 3(12):542–558. Retrieved (https://www.ijprems.com).
• Kshirsagar, Rajas Paresh, Jaswanth Alahari, Aravind Ayyagari, Punit Goel, Arpit Jain, and Aman Shrivastav. 2023. “Cross Functional Leadership in Product Development for Programmatic Advertising Platforms.” International Research Journal of Modernization in Engineering Technology and Science 5(11):1-15. doi: https://www.doi.org/10.56726/IRJMETS46861.
• Kankanampati, Phanindra Kumar, Nishit Agarwal, Venkata Ramanaiah Chintha, Aman Shrivastav, Shalu Jain, and Om Goel. (2023). "Ensuring Compliance in Global Procurement with Third Party Tax Solutions Integration." International Journal of Progressive Research in Engineering Management and Science 3(12):488-505. doi: https://www.doi.org/10.58257/IJPREMS32319.
• Kankanampati, Phanindra Kumar, Raja Kumar Kolli, Chandrasekhara Mokkapati, Om Goel, Shakeb Khan, and Arpit Jain. (2023). "Agile Methodologies in Procurement Solution Design Best Practices." International Research Journal of Modernization in Engineering, Technology and Science 5(11). doi: https://www.doi.org/10.56726/IRJMETS46859.
• Vadlamani, Satish, Jaswanth Alahari, Aravind Ayyagari, Punit Goel, Arpit Jain, and Aman Shrivastav. (2023). "Optimizing Data Integration Across Disparate Systems with Alteryx and Informatica." International Journal of General Engineering and Technology 12(2):1–24.
• Vadlamani, Satish, Phanindra Kumar Kankanampati, Punit Goel, Arpit Jain, and Vikhyat Gupta. (2023). “Enhancing Business Intelligence Through Advanced Data Analytics and Real-Time Processing.” International Journal of Electronics and Communication Engineering (IJECE) 12(2):1–20.
• Gannamneni, Nanda Kishore, Siddhey Mahadik, Shanmukha Eeti, Om Goel, Shalu Jain, and Raghav Agarwal. (2023). "Leveraging SAP GTS for Compliance Management in Global Trade Operations." International Journal of General Engineering and Technology (IJGET) 12(2):1–24.
• Vadlamani, Satish, Nishit Agarwal, Venkata Ramanaiah Chintha, Er. Aman Shrivastav, Shalu Jain, and Om Goel. (2023). "Cross Platform Data Migration Strategies for Enterprise Data Warehouses." International Research Journal of Modernization in Engineering, Technology and Science 5(11):1-10. https://doi.org/10.56726/IRJMETS46858.
• Gannamneni, Nanda Kishore, Pramod Kumar Voola, Amit Mangal, Punit Goel, and S. P. Singh. 2023. "Implementing SAP S/4 HANA Credit Management: A Roadmap for Financial and Sales Teams." International Research Journal of Modernization in Engineering Technology and Science, 5(11). DOI: https://doi.org/10.56726/IRJMETS46857
• Gannamneni, Nanda Kishore, Bipin Gajbhiye, Santhosh Vijayabaskar, Om Goel, Arpit Jain, and Punit Goel. 2023. "Challenges and Solutions in Global Rollout Projects Using Agile Methodology in SAP SD/OTC." International Journal of Progressive Research in Engineering Management and Science (IJPREMS), 3(12):476-487. doi: https://www.doi.org/10.58257/IJPREMS32323.
• Dave, Arth, Jaswanth Alahari, Aravind Ayyagari, Punit Goel, Arpit Jain, and Aman Shrivastav. 2023. "Privacy Concerns and Solutions in Personalized Advertising on Digital Platforms." International Journal of General Engineering and Technology, 12(2):1–24. IASET. ISSN (P): 2278–9928; ISSN (E): 2278–9936.