Rue La La company is a is an online fashion sales company which like other onlin

Question

Rue La La company is a is an online fashion sales company which like other online reatiler use flash sale to attract new customers on its designer apparel and accessories. For successfully running such thing inventory management is a bigger challenge for online retail company because inventory should show real time availability and processing should also be standard.

To achieve the efficiency in supply chain Rue La La generally use combination of machine learning and supply chain analytics.In this company machine learning approach enhances the quality of grouping and forecasting, the results are often independent of each other by eoptimizing relative to each other.Main challenge of Rue La La which was predicting accurate demand and pricing of the products. It achieved this by following machine learning models for regression which emphasized on forecasting demand using predicting demand for item which never sold and estimating lost sales.Forprice optimization techniques like novel reformulation of price optimizing problem and creation of algorithm to solve the daily price problem.

Explanation / Answer

please no plagiarism (please write 150-200word) How web applications are used to manage and monitor supply chain in Rue La La company?

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