Smarter supply chain: a literature review and practices

Abstract

Globalization and growing supply chain interconnectivity have led to greater complexity, uncertainty, and vulnerability in supply chains. Concequently, supply chains must become smarter to confront these challenges. The smarter supply chain has shown great promise; however, the business, policy, and technical challenges must be addressed before changes can be made. A literature review was performed to synthesize the studies on smarter supply chain management. The proior literature has been categoried into four aspect, including information sharing and supply–demand forecasting, smarter supply chain process integration and smarter decision-making, smarter supply chain risk management, and smarter supply chain collaboration. The successful practices and existing solutions for smarter supply chain management are also presented, which could serve as references for enterprises. The review concludes with a discussion of several research topics for futher work on smarter supply chain management.