The Contribution of Digital Technology to the Forecasting of Supply Chain Development, in IT Products, Modeling and Simulation of the Problem
Abstract
:1. Introduction
1.1. The Role of SEO in IT Product Distribution Network Development
- explosion of data;
- social media;
- proliferation of channels and;
- shifting consumer demographics, which correspond to the developments of the digital market.
1.2. Hypothesis
1.3. Methodology
2. Materials and Methods
Digital Marketing Web Measurements and Analytics
- Understand metrics and their impact on the digital marketing practices they use;
- To define a strategic model for the collection of data about the origin of the users’ visit to their company’s websites;
- Understand the potential interactions they may have by studying these metrics;
- Improve analytical skills and take advantage of the results of web analytics data to understand more general user behavior;
- To design, implement, evaluate and improve the performance measurement system, regarding the advertised methods of digital marketing, that will offer to their future users.
3. Results
Hypothesis Trials and Results
4. Discussion
- Realize why, over the given period, the above web analytics metrics have resulted in a higher global ranking and a ranking based on traffic of the most popular country and the company’s category.
- Understand the impact of visits coming from direct traffic, email, a link, social media, paid or unpaid results, as well as video display ads, thereby determining their influence on global ranking, country ranking with most visits and ranking based on the site’s category during the 60 daytime period in which the web analytics metrics data was collected.
- Combine the results, aiming to be informed about the performance, based on digital marketing data, which indicate in a certain period the correct promotion of mobile products. Considering the maximum engagement of the users, in terms of the origin of their visits to the website, the global ranking, the ranking in the most attractive country and the ranking position, according to the category of the website, which implies the improvement of digital marketing and network distribution of the company’s new products.
- Use the capabilities of customer web analytics data as a company ‘face’, that is, to understand the utility of web analytics data as a quantitative process that describes user behavior on websites containing the company’s products.
- Understand the term organization and the role of digital marketing in terms of business processes in their services, but also in terms of how users interact with them. In particular, how each visitor generates different numerical values regarding the origin of their visit, which may be from a direct visit, paid advertisement, unpaid advertisement, display ad, social media, link or from email.
- They rely on the flexibility of agent system modeling to build their own model, combining entities based on past user behavior data, to enable them to solve emerging issues. Agent system modeling is flexible and variable in the process of adding new measures to a particular agent model, rather than explaining the relationships of the new measures through structured differential equations, a situation also supported by other research approaches [34].
- orange color: GlobalRankNetwork;
- yellow color: CountryRankNetwork;
- purple color: CategoryRankNetwork;
- blue color: Social;
- red color: Direct;
- burgundy color: Referrals;
- green color: OrganicSearch;
- pink color: Email;
- gray color: DisplayAds;
- blue color: PaidSearch.
5. Conclusions
- determine the performance metrics of digital marketing efforts and communication channels, which in turn will generate the user behavior data that drives the metrics;
- understand the correlations between metrics and ways to influence user behavior (e.g., social media platform);
- leave behind previous marketing performance measurement methods that suffer from small numbers of customers or user samples, which give time-consuming data collection and are more static, instead of dynamic, propositions of valid approval for digital marketing optimization.
- utilizing the extricated modeling information;
- enhancing the validity and reliability of the proposed model based on real data;
- characterizing as the center, the beginning state of extricating conceivable relationships between the factors that characterized the behavior of the specialists, but moreover, of the net investigation measurements, communicating information analysis to the agents, stores and parameters within the reenactment demonstrate;
- verifying that the proposed model did not lead to large differences in the interactions between the agents’ behavior and the transitions and descriptive statistics with the proposed extracted correlations.
Author Contributions
Funding
Data Availability Statement
Conflicts of Interest
References
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Web Analytics Metrics (WA Metrics) | Description of the WA Metrics |
---|---|
Global Rank | This factor is a method of ranking the traffic of a website compared to all the countries of the world. |
Country Rank | It determines the most responsive country traffic ranking of the company’s website compared to competing companies. |
Category Rank | It presents the degree of traffic compared to other websites according to its main category. |
Direct | This factor is about direct traffic, which usually comes from people who are aware of or are inclined towards a particular website. This metric is used to assess the strength of a company’s brand. Direct traffic differs from traffic, which represents the total number of users who entered a URL directly into a browser or saved bookmarks or links outside the browser (e.g., Word, PDF, etc.) |
Shows traffic coming from email customers. A website that receives a high volume of email traffic is likely to have a large loyal customer base through a proprietary mailing list. | |
Referrals | It represents the traffic of a web page that is transferred directly through a link. This type of traffic consists of communication through affiliates, partners and traffic through direct purchases from sales or promotional media. A website that receives a lot of traffic in this way is likely to have strong affiliates or significant news coverage. |
Social | The Social metric reflects the traffic which is sent through social media sites, such as Facebook or Reddit. It includes direct purchase through other platforms, such as Facebook. Social media visits are considered to easily influence public opinion. A website that generates high and consistent traffic from those means is quite likely to have a loyal community of users. |
Organic Search | This factor is based on traffic through unpaid results on search engines, such as Google or Bing. When Organic Search is at a high percentage, it optimizes the top ranks of search results. These visits usually gather high-interest users, with particularly notable participation rates compared to the average visits and are classified as direct traffic. |
Paid Search | It is a factor directly related to the traffic which is sent by ads with a paid search to a search engine. A site that collects visits from paying is the advertising budget which is spent on increasing brand awareness. Paid search campaigns have the potential to drive higher conversion rates as they target users with high purchase intent. They can also demonstrate the potential of advertisers and optimize a campaign’s Key Performance Indicators (KPIs). Its utility is to monitor the list of paid keywords and search ads, with the goal of understanding those words that users focus on to find products. |
Display Ads | Finally, the Display Ads factor refers to traffic sent from display and video ads through well-known ad-serving platforms, such as GDN and Doubleclick. A large percentage of this source means increasing brand readability and audience engagement. |
Global Rank | Country Rank | Category Rank | Direct | Social | Organic Search | Paid Search | Referrals | Display Ads | Global Rank | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Global Rank | - | ||||||||||
Country Rank | 0.925 ** | - | |||||||||
Category Rank | 0.866 ** | 0.697 ** | - | ||||||||
Direct | −0.106 | −0.214 ** | −0.113 | - | |||||||
Social | −0.028 | −0.100 | −0.147 * | 0.056 | - | ||||||
0.447 ** | 0.501 ** | 0.507 ** | −0.344 ** | −0.358 ** | - | ||||||
Organic Search | 0.061 | 0.174 ** | 0.050 | −0.336 ** | −0.706 ** | 0.674 ** | - | ||||
Paid Search | 0.617 ** | 0.733 ** | 0.373 * | −0.510 ** | −0.336 ** | 0.559 ** | 0.670 ** | - | |||
Referrals | −0.131 * | −0.223 ** | −0.059 | −0.077 | 0.671 ** | −0.601 ** | −0.900 ** | −0.577 ** | - | ||
Display Ads | 0.519 ** | 0.687 ** | 0.141 * | −0.281 ** | −0.147 * | 0.339 ** | 0.507 ** | 0.903 ** | −0.535 ** | - | |
Global Rank: Mean: 2158.63115, Mode: 485.5000, Std. Deviation: 3878.320695, Minimum: 55.0, Maximum: 14.716.000 | |||||||||||
Country Rank: Mean: 1121.47814, Mode: 82.00000, Std. Deviation: 1821.260859, Minimum: 58.0, Maximum: 6527.000 | |||||||||||
Category Rank: Mean: 16.47541, Mode: 6.0000, Std. Deviation: 37.161155, Minimum: 1.000, Maximum: 155.000 | |||||||||||
Direct: Mean: 31.17344, Mode: 29.87000, Std. Deviation: 10.155552, Minimum: 17.190, Maximum: 51.450 | |||||||||||
Social: Mean: 3.10281, Mode: 2.93000, Std. Deviation: 1.458156, Minimum: 0.860, Maximum: 6.010 | |||||||||||
Email: Mean: 1.2821, Mode: 1.1100, Std. Deviation: 0.49280, Minimum: 0.67, Maximum: 2.58 | |||||||||||
Organic Search: Mean: 45.24325, Mode: 45.53000, Std. Deviation: 19.536547, Minimum: 6.400, Maximum: 71.530 | |||||||||||
Paid Search: Mean: 3.55801, Mode: 3.31000, Std. Deviation: 2.438169, Minimum: 0.080, Maximum: 8.700 | |||||||||||
Referrals: Mean: 14.15533, Mode: 4.28000, Std. Deviation: 2.098487, Minimum: 2.790, Maximum: 61.900 | |||||||||||
Display Ads: Mean: 1.77623, Mode: 1.105000, Std. Deviation: 1.466863, Minimum: 0.010, Maximum: 6.250 |
Global_Rank | Country_Rank | Category_Rank | Total_Visits | Avg_Visit_Duration | |
---|---|---|---|---|---|
Mean | 2158.63115 | 1121.47814 | 16.47541 | 688,556,639.34426 | 2.724997 |
Median | 485.5000 | 82.00000 | 6.0000 | 260,600,000.00000 | 3.24000 |
Std. Deviation | 3878.320695 | 1821.260859 | 37.161155 | 855,576,621.725807 | 0.72840444 |
Minimum | 55.000 | 58.000 | 1.000 | 5,560,000.000 | 1.260 |
Maximum | 14,716.000 | 6527.000 | 155.000 | 2,733,000,000.00 | 4.44 |
Global_Rank | Country_Rank | Category_Rank | Total_Visits | Avg_Visit_Duration | |
---|---|---|---|---|---|
Mean | 2158.63115 | 1121.47814 | 16.47541 | 688,556,639.34426 | 2.724997 |
Median | 485.5000 | 82.00000 | 6.0000 | 260,600,000.00000 | 3.24000 |
Std. Deviation | 3878.320695 | 1821.260859 | 37.161155 | 855,576,621.725807 | 0.72840444 |
Minimum | 55.000 | 58.000 | 1.000 | 5,560,000.000 | 1.260 |
Maximum | 14,716.000 | 6527.000 | 155.000 | 2,733,000,000.00 | 4.44 |
Pages_per_Visit | Bounce_Rate | Direct_Traffic | Mail_Traffic | Referral_Traffic | |
Mean | 2.84708 | 60.54443 | 31.17344 | 1.2821 | 14.15533 |
Median | 2.64500 | 61.51500 | 29.87000 | 1.1100 | 4.28000 |
Std. Deviation | 0.638824 | 4.971571 | 10.155552 | 0.49280 | 2.098487 |
Minimum | 2.010 | 50.860 | 17.190 | 0.67 | 2.790 |
Maximum | 4.110 | 71.120 | 51.450 | 2.58 | 61.900 |
Social_Traffic | Organic_Traffic | Paid_Traffic | Display_Traffic | ||
Mean | 3.10281 | 45.24325 | 3.55801 | 1.77623 | |
Median | 2.93000 | 45.53000 | 3.31000 | 1.10500 | |
Std. Deviation | 1.458156 | 19.536547 | 2.438169 | 1.466863 | |
Minimum | 0.860 | 6.400 | 0.080 | 0.010 | |
Maximum | 6.010 | 71.530 | 8.700 | 6.250 |
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Nasiopoulos, D.K.; Mastrakoulis, D.M.; Arvanitidis, D.A. The Contribution of Digital Technology to the Forecasting of Supply Chain Development, in IT Products, Modeling and Simulation of the Problem. Forecasting 2022, 4, 1019-1037. https://doi.org/10.3390/forecast4040055
Nasiopoulos DK, Mastrakoulis DM, Arvanitidis DA. The Contribution of Digital Technology to the Forecasting of Supply Chain Development, in IT Products, Modeling and Simulation of the Problem. Forecasting. 2022; 4(4):1019-1037. https://doi.org/10.3390/forecast4040055
Chicago/Turabian StyleNasiopoulos, Dimitrios K., Dimitrios M. Mastrakoulis, and Dimitrios A. Arvanitidis. 2022. "The Contribution of Digital Technology to the Forecasting of Supply Chain Development, in IT Products, Modeling and Simulation of the Problem" Forecasting 4, no. 4: 1019-1037. https://doi.org/10.3390/forecast4040055
APA StyleNasiopoulos, D. K., Mastrakoulis, D. M., & Arvanitidis, D. A. (2022). The Contribution of Digital Technology to the Forecasting of Supply Chain Development, in IT Products, Modeling and Simulation of the Problem. Forecasting, 4(4), 1019-1037. https://doi.org/10.3390/forecast4040055