Predictive Analytics and Machine Learning for Real-Time Supply Chain Risk Mitigation and Agility

Sustainability, Journal Year: 2023, Volume and Issue: 15(20), P. 15088 - 15088

Published: Oct. 20, 2023

Supply chain agility has become a key success factor for businesses trying to handle upheavals and uncertainty in today’s quickly changing business environment. Proactive risk reduction is essential achieving this agility. To facilitate real-time prevention improve agility, research study proposes an innovative strategy that makes use of machine learning as well predictive analytics approaches. Traditional supply management frequently uses post-event analysis historical data, which restricts its ability address interruptions. This research, on the other hand, promotes futuristic methodology foresee possible disruptions. Based contextual models can be trained find patterns correlations anomalies point imminent dangers. Organizations identify risks they arise take preventative measures by incorporating these into monitoring system. examines numerous methods, showing how used spot risks. These methods include time series anomaly detection natural language processing. Additionally, assessment are continuously improved optimized using algorithms, assuring their accuracy adaptability contexts. clarifies symbiotic relationship among synthesis theoretical discourse practical evidence. Case studies from various sectors highlight usefulness advantages suggested strategy. The novel technique visibility quicker response times capacity modify operations. development holistic framework incorporates procedures, setting path identification mitigation, one contributions. On side, case offered paper show actual benefits proposed approach across wide range businesses.

Language: Английский

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Two views of supply chain resilience

International Journal of Production Research, Journal Year: 2023, Volume and Issue: 62(11), P. 4031 - 4045

Published: Sept. 4, 2023

The purpose of this paper is to explore adaptation-based and stability-based views supply chain resilience analyse what insights these different perspectives, individually collectively, offer for theory practice. In the view, triggered by disruptions performance deviations return some 'normal' states. This view accounts known-known uncertainty. shifts focus from avoiding oscillations recovering stable states toward proactive adaptation persistence. aims at designing structurally adaptable networks with process flexibility actively used redundancy. It considers value-creation perspective accounting unknown-unknown uncertainties. Stability-based approach as an outcome or quantity. Adaptation-based a property quality. A combination stability- approaches imperative building strong immunity through integration general protection adaptability. These complement each other depending on knowledge attitude uncertainty decision-makers. two helps consider both quantity measure how sick understand comes about ensure quality network health viability.

Language: Английский

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Transformation of supply chain resilience research through the COVID-19 pandemic

International Journal of Production Research, Journal Year: 2024, Volume and Issue: unknown, P. 1 - 22

Published: March 30, 2024

Supply chain resilience is on the agenda of academia and industry like never before. One strong instigator for this phenomenon has been COVID-19 pandemic, which opened era global uncertainties vulnerabilities. In paper, we analyse transformation supply research through pandemic. Methodologically, use a hybrid approach based combination elements bibliometric expert analysis to compare main topics before, during, after Along with an expected observation about exponential growth literature in 2020, observe major shift from preparedness disruption predictions pre-pandemic towards recovery proactive adaptation pandemic post-pandemic research. Our systematically reveals some new topics, management practices, future areas resilience. particular, digital technology, viability, cross-industry ripple effect, intertwined networks have become impactful during Further developments these are be continued future. Managerial theoretical implications said conclude paper.

Language: Английский

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Supply chain resilience: Conceptual and formal models drawing from immune system analogy

Omega, Journal Year: 2024, Volume and Issue: 127, P. 103081 - 103081

Published: March 29, 2024

Resilience is a frequently discussed concept in the context of supply chains, often likened to an immune system that plays vital role safeguarding against disruptions and facilitating recovery. Recognizing gap literature for constructs encapsulate chain resilience from perspective, this article introduces conceptual formal models drawing molecular biology immunology. Our reflect dual nature as composition preparedness recovery, interpreted through primary components systems—innate adaptive immunities. We discuss how certain analogies between systems, along with dissimilarities, can be leveraged enhance resilience. An system-inspired mechanism proposed using combination innate responses complemented by principles diversity redundancy. Finally, outlines potential research areas within domain (e.g., data-driven analytics, viability, ripple effect, complexity analysis, uncertainty modeling) could benefit application thereby contributing broadening scope current scholarly literature.

Language: Английский

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Modelling supply chain Visibility, digital Technologies, environmental dynamism and healthcare supply chain Resilience: An organisation information processing theory perspective

Transportation Research Part E Logistics and Transportation Review, Journal Year: 2024, Volume and Issue: 188, P. 103613 - 103613

Published: June 15, 2024

Language: Английский

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Design of resilient and viable sourcing strategies in intertwined circular supply networks

Annals of Operations Research, Journal Year: 2024, Volume and Issue: 337(1), P. 459 - 498

Published: Feb. 29, 2024

Abstract This study examines the effects of intertwining and circularity on design resilient viable sourcing recovery strategies in supply chains. We first construct a case where chains three industries (i.e., automotive, healthcare, electronics) frame an intertwined network (ISN). Through discrete-event simulation model developed anyLogistix, we examine impact disruptions demand performance individual ISN as whole. test several their combinations. A special focus is directed toward shared reverse flows. The results show that disruption processes Circular do not always follow conventional patterns known from resilience due to effects. offer some managerial recommendations for context are triangulated around collaborative practices, coordinated production planning, flows, visibility inventory management.

Language: Английский

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When is the supply chain resilient? Customer and operational perspectives

International Journal of Production Research, Journal Year: 2025, Volume and Issue: unknown, P. 1 - 16

Published: Jan. 21, 2025

Language: Английский

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A network-of-networks adaptation for cross-industry manufacturing repurposing

IISE Transactions, Journal Year: 2023, Volume and Issue: 56(6), P. 666 - 682

Published: Sept. 1, 2023

During a crisis, manufacturing processes in supply chains of different industries may network with each other as an adaptation response. We propose and examine "network-of-networks" mechanism such cross-industry to learn about the value reducing uncertainty through collaborative crisis preparedness response during COVID-19 pandemic. Our study allows revelation underlying trade-offs between capacity conversion time effort required adapt gains from uncertainty. Through real-life data-based analysis help mathematical optimization, we connect networks-of-networks coordination design outcomes scenario modeling demonstrating superiority coordinated repurposing when compared ad-hoc adaptation. conclude that appropriate collaboration governmental agencies, healthcare, industry is crucial for prompt healthcare production Concrete implementation ways are visibility, inventory monitoring, technology backup plans, contingency plans at stage. At stage, correct start determines success. The results obtained can be instructive develop technological managerial proposed perspective contributes theory chain viability under disruptions using intertwined networks.

Language: Английский

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Pharmaceutical retail supply chain responses to the COVID-19 pandemic

Annals of Operations Research, Journal Year: 2024, Volume and Issue: unknown

Published: Feb. 7, 2024

Abstract In the wake of COVID-19 pandemic, importance resilient supply chain and operations management in pharmaceutical industry has intensified. A particular challenge been timely adaptation to rapid fluctuations business environment cope with disruptions ensure adequate medical equipment pharmaceuticals. this study, we perform a simulation-based analysis pandemic-triggered impacts on chains Germany aim examining response pandemic. To accomplish this, build digital model using hybrid approach that combines case study discrete-event simulation implemented anyLogistix. Based results, propose specific action plan for can be deployed severe pandemic-like crises. We also offer resilience framework post-pandemic as guideline strategic decision-making.

Language: Английский

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Cash flow dynamics in the supply chain during and after disruptions

Transportation Research Part E Logistics and Transportation Review, Journal Year: 2024, Volume and Issue: 185, P. 103526 - 103526

Published: April 16, 2024

Supply chain resilience and the ripple effect have been widely studied, mostly focusing on material flow-related practices. The financial flow adjustments to cope with supply disruptions received much less attention. We contribute literature by examining impact of adapting payment terms during after disruptions. In particular, we perform a discrete event simulation analysis in anyLogistix for complex network investigate adjusting cash flows. Our results suggest that collaboratively is an effective strategy coping contrast, ad hoc immediate returns pre-disruption schemes do not yield visible improvements. Positive effects loans are observed if adjustment occurs proactively coordinated manner, especially when expediting payments downstream slowing down upstream. from our sensitivity accelerating/decelerating conversion cycles favour shorter deduce useful managerial insights reveal some new theoretical tensions related flows chains.

Language: Английский

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