13 March 2024 | Syed Mithun Ali, Amanat Ur Rahman, Golam Kabir, Sanjoy Kumar Paul
This article presents a methodology for analyzing and predicting key performance indicators (KPIs) within supply chains, particularly in scenarios with limited, imprecise, and uncertain data. The study identifies 21 KPIs using the balanced scorecard (BSC) methodology and introduces an artificial intelligence approach, specifically a GM (1,1)-based artificial neural network (ANN) model, to enhance prediction precision. Unlike the traditional GM (1,1) model, the proposed approach evaluates performance based on the mean relative error (MRE). The results demonstrate a significant reduction in MRE levels, ranging from 77.09% to 0.23%, across various KPIs, leading to improved prediction accuracy. Notably, the grey neural network (GNN) model exhibits superior predictive accuracy compared to the GM (1,1) model. The findings underscore the potential of the proposed artificial intelligence approach in facilitating informed decision-making by industrial managers, thereby fostering economic sustainability within enterprises across all operational tiers.This article presents a methodology for analyzing and predicting key performance indicators (KPIs) within supply chains, particularly in scenarios with limited, imprecise, and uncertain data. The study identifies 21 KPIs using the balanced scorecard (BSC) methodology and introduces an artificial intelligence approach, specifically a GM (1,1)-based artificial neural network (ANN) model, to enhance prediction precision. Unlike the traditional GM (1,1) model, the proposed approach evaluates performance based on the mean relative error (MRE). The results demonstrate a significant reduction in MRE levels, ranging from 77.09% to 0.23%, across various KPIs, leading to improved prediction accuracy. Notably, the grey neural network (GNN) model exhibits superior predictive accuracy compared to the GM (1,1) model. The findings underscore the potential of the proposed artificial intelligence approach in facilitating informed decision-making by industrial managers, thereby fostering economic sustainability within enterprises across all operational tiers.