Abstract

In today’s increasing competitive market conditions, the companies operating in the production and service sectors should meet the demand of the customers in a timely and completely manner. Therefore, all resources (raw materials, semi-finished products, energy sources, etc.) should be planned and supplied at the right time, at the right place and at sufficient quantity based on an accurate forecast of the demand. In the literature, there have been few studies about forecasting of raw material consumption in a production sector. In this study, ANN method was employed to predict the raw material consumption of a carpet production company. The relevant variables of the actual data belonging to 2015-2016 and 2017 were used. In addition, a multiple linear regression (MLR) model was also established to compare the performance of ANN method. The results show that ANN method produces more accurate forecasts when compared to MLR method.