scholarly journals Sustainable Supply Chain Finance and Supply Networks: The Role of Artificial Intelligence

2022 ◽  
pp. 1-16
Author(s):  
Femi Olan ◽  
Emmanuel Ogiemwonyi Arakpogun ◽  
Uchitha Jayawickrama ◽  
Jana Suklan ◽  
Shaofeng Liu
Keyword(s):  
Artificial Intelligence ◽  
Supply Chain ◽  
Sustainable Supply Chain ◽  
Supply Networks ◽  
Supply Chain Finance

AI technologies and their impact on supply chain resilience during COVID-19

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sachin Modgil ◽  
Shivam Gupta ◽  
Rébecca Stekelorum ◽  
Issam Laguir
Keyword(s):  
Artificial Intelligence ◽  
Supply Chain ◽  
Information Processing ◽  
Supply Chains ◽  
Failure Modes ◽  
Stress Test ◽  
Weak Links ◽  
Content Type ◽  
Supply Chain Resilience

PurposeCOVID-19 has pushed many supply chains to re-think and strengthen their resilience and how it can help organisations survive in difficult times. Considering the availability of data and the huge number of supply chains that had their weak links exposed during COVID-19, the objective of the study is to employ artificial intelligence to develop supply chain resilience to withstand extreme disruptions such as COVID-19.Design/methodology/approachWe adopted a qualitative approach for interviewing respondents using a semi-structured interview schedule through the lens of organisational information processing theory. A total of 31 respondents from the supply chain and information systems field shared their views on employing artificial intelligence (AI) for supply chain resilience during COVID-19. We used a process of open, axial and selective coding to extract interrelated themes and proposals that resulted in the establishment of our framework.FindingsAn AI-facilitated supply chain helps systematically develop resilience in its structure and network. Resilient supply chains in dynamic settings and during extreme disruption scenarios are capable of recognising (sensing risks, degree of localisation, failure modes and data trends), analysing (what-if scenarios, realistic customer demand, stress test simulation and constraints), reconfiguring (automation, re-alignment of a network, tracking effort, physical security threats and control) and activating (establishing operating rules, contingency management, managing demand volatility and mitigating supply chain shock) operations quickly.Research limitations/implicationsAs the present research was conducted through semi-structured qualitative interviews to understand the role of AI in supply chain resilience during COVID-19, the respondents may have an inclination towards a specific role of AI due to their limited exposure.Practical implicationsSupply chain managers can utilise data to embed the required degree of resilience in their supply chains by considering the proposed framework elements and phases.Originality/valueThe present research contributes a framework that presents a four-phased, structured and systematic platform considering the required information processing capabilities to recognise, analyse, reconfigure and activate phases to ensure supply chain resilience.

Use of Information Technology in the Supply Chain Management of the Pharmaceutical Industry

2022 ◽  
pp. 137-168
Author(s):  
Saibal Kumar Saha ◽  
Sangita Saha ◽  
Ajeya Jha
Keyword(s):  
Artificial Intelligence ◽  
Information Technology ◽  
Cloud Computing ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Pharmaceutical Industry ◽  
Successful Implementation ◽  
Chain Management ◽  
Role Of Information

An efficient supply chain management helps to increase the productivity of a business. Use of information technology and concepts like artificial intelligence, blockchain, and cloud computing have integrated the different aspects of supply chain with its stakeholders. Published literature in the field of SCM, IT, and the pharmaceutical industry has been reviewed, and different aspects of innovation, technique, risks, advancements, factors, and models have been taken into consideration to form a comprehensive chapter focusing on the role of information technology in the supply chain management of the pharmaceutical industry. The chapter finds that IT has made a significant impact in improving the efficiency of SCM. But its successful implementation and collaboration with other firms is the key to success for an efficient SCM. Within each category, gaps have been identified.

Sustainable Supply Chain

2016 ◽  
pp. 272-302 ◽  
Author(s):  
Susheela Girisaballa ◽  
Sonali Bhattacharya
Keyword(s):  
Supply Chain ◽  
Theoretical Model ◽  
Institutional Theory ◽  
Institutional Isomorphism ◽  
Sustainable Supply Chain ◽  
Chain Management ◽  
Organizational Theories ◽  
Tremendous Importance ◽  
Great Relevance

Sustainable supply chain management (SSCM) is an evolving discipline, for which many theories are being proposed. It is dependent on other disciplines, of which organizational theories are of tremendous importance. One such theory that has great relevance to SSCM is Institutional Theory. The purpose of this study is to develop a model that relates the enablers of SSCM to Institutional Theory. This is achieved in three steps: First, SSCM enablers were identified through a literature review. These internal enablers go through certain external challenges when supply chain players practice Sustainability. Second, an attempt is made to explain these challenges from the perspective of Institutional Theory. The role of Institutional Isomorphism in regulating and creating a direction for achieving the sustainability goal is identified. Finally, a theoretical model is developed to describe the link between supply chain players, institutional isomorphism, and the support and participation of the top management in creating an enabling environment for legitimization of sustainable supply chain.

scholarly journals Factors Affecting Organizations’ Resistance to the Adoption of Blockchain Technology in Supply Networks

2020 ◽  
Vol 12 (21) ◽  
pp. 8882 ◽  
Author(s):  
Daeheon Choi ◽  
Chune Young Chung ◽  
Thou Seyha ◽  
Jason Young
Keyword(s):  
Supply Chain ◽  
Structural Equation ◽  
New Technologies ◽  
Equation Modeling ◽  
Sustainable Supply Chain ◽  
Supply Networks ◽  
Factors Affecting ◽  
Supply Chain Networks ◽  
Blockchain Technology ◽  
Technological Barriers

From a supply chain perspective, new technologies such as blockchain can improve the efficiency and competitiveness of logistics and increase customer satisfaction. Although blockchain technology has been lauded as a way for firms to build sustainable supply chain networks, the rate of acceptance of this technology remains low. Therefore, this study seeks to identify the factors that discourage firms from merging blockchain with the supply chain. Instead of providing further reasons for adopting blockchain technology, we try to understand what deters firms from adding blockchain to their operations. Following the deductive approach, a confirmatory factor analysis is conducted on pre-test questionnaires to test, improve, and verify the constructs (questions) to measure the hypothesized factors. A theoretical model is proposed based on the hypotheses, and structural equation modeling is applied. The results are estimated using the partial least squares approach and a sample of 83 respondents. Our findings based on our empirical data support most of our hypotheses. We find that various factors impede the adoption of blockchain technologies, including technological barriers, constraints rooted in organizations and the environment, and system-related governmental barriers. In addition, various factors are critical determinants of resistance to blockchain in the technological, organizational, and environmental dimensions.

Strategic Cost Management in the Supply Chain

2020 ◽  
Author(s):  
Lisa M. Ellram ◽  
Wendy L. Tate
Keyword(s):  
Supply Chain ◽  
Cost Reduction ◽  
Return On Investment ◽  
Cost Management ◽  
Strategic Cost Management ◽  
Supply Chain Finance ◽  
Supply Chain Costs ◽  
Definition Of ◽  
The Cost

Companies increasingly face challenging economic times, where it is not uncommon to see revenues decline or remain stagnant. This can strain business viability and reduce the return on investment for shareholders. To increase the return on investment and favorably impact profitability, organizations focus on cost reduction efforts. Cost management should be both holistic and purposeful, while taking a supply chain perspective. This is often not the case because the cost reduction efforts tend to be internal and short-term focused and do not consider the supply chain implications of decisions. Strategic cost management takes a supply chain perspective and includes several tools that can help facilitate cost management. This chapter provides a definition of strategic cost management with supporting examples. It also discusses some tools, including total cost of ownership, target costing, and supply chain finance, that can be used to holistically and strategically manage supply chain costs. The chapter closes with a discussion around the growing role of supply chain finance in cost management.

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