Supply chain risk management and artificial intelligence: state of the art and future research directions

Управление рисками в цепях поставок и искусственный интеллект: современное состояние и направления будущих исследований
Samir Dani, George Baryannis, Sahar Validi, Grigoris Antoniou
2018-10-06

Artificial intelligenceBig data analyticsMachine learningRisk assessmentSupply chain risk management
Supply chain risk management (SCRM) encompasses a wide variety of strategies aiming to identify, assess, mitigate and monitor unexpected events or conditions which might have an impact, mostly adverse, on any part of a supply chain. SCRM strategies often depend on rapid and adaptive decision-making based on potentially large, multidimensional data sources. These characteristics make SCRM a suitable application area for artificial intelligence (AI) techniques. The aim of this paper is to provide a comprehensive review of supply chain literature that addresses problems relevant to SCRM using approaches that fall within the AI spectrum. To that end, an investigation is conducted on the various definitions and classifications of supply chain risk and related notions such as uncertainty. Then, a mapping study is performed to categorise existing literature according to the AI methodology used, ranging from mathematical programming to Machine Learning and Big Data Analytics, and the specific SCRM task they address (identification, assessment or response). Finally, a comprehensive analysis of each category is provided to identify missing aspects and unexplored areas and propose directions for future research at the confluence of SCRM and AI.
1
Analysis of existing research identifies missing aspects and unexplored areas at the intersection of SCRM and AI.
2
Supply chain risk management is well suited to artificial intelligence because it requires rapid, adaptive decisions using large and multidimensional data sources.
3
The paper proposes future research directions to advance AI-enabled supply chain risk management.
4
The paper reviews literature applying AI-spectrum methods to supply chain risk management, including mathematical programming, machine learning, and big data analytics.
5
The review maps AI methodologies to core SCRM tasks: risk identification, assessment, and response.

Supply chain risk management (SCRM) as the application domain linking supply chains and AI techniques

AI-based strategies and methodologies for identifying, assessing, mitigating, monitoring, and responding to supply chain risks

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Publication Date
2018-10-06
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Authors
Samir Dani
George Baryannis
Sahar Validi
Grigoris Antoniou
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