Title :
Real-Time Multi-agent Forecasting and Replenishment Solution for LEGOs Branded Retail Outlets
Author :
Madsen, Bjorn ; Rzevski, George ; Skobelev, Petr ; Tsarev, Alexander
Author_Institution :
LEGO Syst., Billund, Denmark
Abstract :
The paper describes main features of a real-time forecasting and scheduling multi-agent solution designed for the LEGO Company. The design is based on Knowledge Genesis Group own multi-agent platform and technology, which provide real-time adaptive event-driven scheduling to replenish products to LEGO Branded Retail stores. The prototype system has been used to schedule 20 US-based LEGO retail outlets for a yearlong trial period and has achieved the following results:Reduction of lost sale from 40% to 16%; Increase in service level from 66% to 86%;Increase in profitability 56% to 81%. The results show a considerable potential value for full scale LEGO supply chain multi-agent solution which would be able to dynamically and adaptively re-schedule deliveries in real time.
Keywords :
demand forecasting; goods distribution; multi-agent systems; profitability; retailing; scheduling; stock control; supply chain management; Knowledge Genesis Group; LEGO Company; LEGO branded retail outlets; US-based LEGO retail outlets; adaptive delivery rescheduling; dynamic delivery rescheduling; full scale LEGO supply chain multiagent solution; lost sale reduction; multiagent platform; multiagent technology; product replenishment; profitability; real-time adaptive event-driven scheduling; real-time forecasting; real-time multiagent forecasting; replenishment solution; scheduling multiagent solution; service level; Forecasting; Job shop scheduling; Marketing and sales; Ontologies; Real time systems; Supply chains; LEGO; forecasting; multi-agent systems; real-time; scheduling; supply chain;
Conference_Titel :
Software Engineering, Artificial Intelligence, Networking and Parallel & Distributed Computing (SNPD), 2012 13th ACIS International Conference on
Conference_Location :
Kyoto
Print_ISBN :
978-1-4673-2120-4
DOI :
10.1109/SNPD.2012.25