product variant
DemandLens: Enhancing Forecast Accuracy Through Product-Specific Hyperparameter Optimization
Pillai, Srijesh, Nazir, M. I. Jawid
DemandLens demonstrates an innovative Prophet based forecasting model for the mattress-in-a-box industry, incorporating COVID-19 metrics and SKU-specific hyperparameter optimization. This industry has seen significant growth of E-commerce players in the recent years, wherein the business model majorly relies on outsourcing Mattress manufacturing and related logistics and supply chain operations, focusing on marketing the product and driving conversions through Direct-to-Consumer sales channels. Now, within the United States, there are a limited number of Mattress contract manufacturers available, and hence, it is important that they manage their raw materials, supply chain, and, inventory intelligently, to be able to cater maximum Mattress brands. Our approach addresses the critical need for accurate Sales Forecasting in an industry that is heavily dependent on third-party Contract Manufacturing. This, in turn, helps the contract manufacturers to be prepared, hence, avoiding bottleneck scenarios, and aiding them to source raw materials at optimal rates. The model demonstrates strong predictive capabilities through SKU-specific Hyperparameter optimization, offering the Contract Manufacturers and Mattress brands a reliable tool to streamline supply chain operations.
- North America > United States (0.34)
- North America > Trinidad and Tobago > Trinidad > Arima > Arima (0.05)
- Asia > Middle East > UAE > Dubai Emirate > Dubai (0.04)
- Oceania > Australia > Victoria > Melbourne (0.04)
- Health & Medicine (1.00)
- Retail (0.68)
- Banking & Finance > Economy (0.68)
- Information Technology > Services (0.49)
- Information Technology > Modeling & Simulation (1.00)
- Information Technology > Data Science > Data Mining (1.00)
- Information Technology > Artificial Intelligence > Machine Learning > Statistical Learning (0.93)
- Information Technology > Artificial Intelligence > Machine Learning > Neural Networks > Deep Learning (0.47)
A Dataset for Learning Graph Representations to Predict Customer Returns in Fashion Retail
McGowan, Jamie, Guest, Elizabeth, Yan, Ziyang, Zheng, Cong, Patel, Neha, Cusack, Mason, Donaldson, Charlie, de Cnudde, Sofie, Facini, Gabriel, Dzogang, Fabon
We present a novel dataset collected by ASOS (a major online fashion retailer) to address the challenge of predicting customer returns in a fashion retail ecosystem. With the release of this substantial dataset we hope to motivate further collaboration between research communities and the fashion industry. We first explore the structure of this dataset with a focus on the application of Graph Representation Learning in order to exploit the natural data structure and provide statistical insights into particular features within the data. In addition to this, we show examples of a return prediction classification task with a selection of baseline models (i.e. with no intermediate representation learning step) and a graph representation based model. We show that in a downstream return prediction classification task, an F1-score of 0.792 can be found using a Graph Neural Network (GNN), improving upon other models discussed in this work. Alongside this increased F1-score, we also present a lower cross-entropy loss by recasting the data into a graph structure, indicating more robust predictions from a GNN based solution. These results provide evidence that GNNs could provide more impactful and usable classifications than other baseline models on the presented dataset and with this motivation, we hope to encourage further research into graph-based approaches using the ASOS GraphReturns dataset.
- Europe > United Kingdom > England > Greater London > London (0.06)
- North America > United States > Washington > King County > Seattle (0.06)
- North America > United States > New York > New York County > New York City (0.04)
- (3 more...)
Interpretable Methods for Identifying Product Variants
West, Rebecca, Jadda, Khalifeh Al, Ahsan, Unaiza, Qu, Huiming, Cui, Xiquan
For e-commerce companies with large product selections, the organization and grouping of products in meaningful ways is important for creating great customer shopping experiences and cultivating an authoritative brand image. One important way of grouping products is to identify a family of product variants, where the variants are mostly the same with slight and yet distinct differences (e.g. color or pack size). In this paper, we introduce a novel approach to identifying product variants. It combines both constrained clustering and tailored NLP techniques (e.g. extraction of product family name from unstructured product title and identification of products with similar model numbers) to achieve superior performance compared with an existing baseline using a vanilla classification approach. In addition, we design the algorithm to meet certain business criteria, including meeting high accuracy requirements on a wide range of categories (e.g. appliances, decor, tools, and building materials, etc.) as well as prioritizing the interpretability of the model to make it accessible and understandable to all business partners.
- Asia > Taiwan > Taiwan Province > Taipei (0.06)
- North America > United States > Georgia > Fulton County > Atlanta (0.05)
- North America > United States > New York > New York County > New York City (0.04)
- Research Report (0.84)
- Overview (0.66)
- Materials > Construction Materials (0.54)
- Information Technology > Services > e-Commerce Services (0.35)
- Information Technology > Information Management (1.00)
- Information Technology > Artificial Intelligence > Representation & Reasoning (1.00)
- Information Technology > Artificial Intelligence > Natural Language (1.00)
- Information Technology > Artificial Intelligence > Machine Learning > Statistical Learning > Clustering (1.00)