Digital Technologies for Inventory and Supply Chain Management in Circular Economy: A Review Study on Construction Industry

Abstract

AbstractThe characteristics of supply chains in the construction industry give rise to several information and collaboration system needs, such as system affordability and adaptability. The presence of several companies from a variety of industries in supply chains for the construction industry sets them apart. Information sharing and system integration therefore require cooperation and trust. In the manufacturing industry, a lot of efforts are being made to create tools, technologies, and strategies that would allow supply chain actors to communicate with one another and work together. However, it is more challenging to establish a solid environment for inventory and data management in the construction industry. The Internet and information technology are now being used in the construction industry to strengthen cross-organizational relationships. The employment of these tools in this industry is occasionally hampered by limitations like security worries, a lack of managerial commitment, high costs, and deployment rigidity. Additionally, a dynamic configuration of supply chains is required to integrate with more adaptable business models, increase internationalization, and enhance coordination. For this reason, this study primarily explores the inventory and supply chain tools currently in use in the construction industry and evaluates their functionality from a business and consumer perspective. Other areas of study are based on either inventory management for circular buildings or cross-organizational cooperation, and they include secure data storage, information exchange among stakeholders, and their modification. In the end, it aims to emphasize the key problems with data and inventory management in the construction industry, as well as inform about the potential technology solutions to make a guidance of academic and industry specialists within this study.