Big Data Analytics in Supply Chain Management

Rahimi, Iman; Gandomi, Amir H.; Ülkü, M. Ali; Fong, Simon

doi:10.1201/9780367816384-1

Cited by 7 publications

(8 citation statements)

References 1 publication

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“…Internal and external factors influence the process of digital procurement transformation and shape it [17]. De la Torre et al [18], Gottge et al [19], Hoe [6], Lorentz et al [17], Rahimi et al [20], and Moktar et al [21] state that it is necessary to focus on the development of digitization strategy options for different procurement contexts. Verhoef et al [22] argue that digital transformation is inevitable, but it should be borne in mind that it carries certain risks by itself.…”

Section: Literature Overviewmentioning

confidence: 99%

A Risk-Aware Approach to Digital Procurement Transformation

Dudić,

Vrhovac,

Vulanović

et al. 2024

Sustainability

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As the digital procurement transformation continues to evolve, it is crucial to adopt a risk-aware approach to ensure successful outcomes. This paper delves into the necessity of a risk-aware approach to digital procurement transformation, specifically focusing on the role of professional procurement management and the significance of supplier partnerships in the digital environment. The research aimed to examine the critical role of risk management in the digital transformation of procurement. A total of 318 respondents from Serbia participated in the study. The role of professional management in procurement must encompass risk management to guarantee success in digital procurement transformation. Furthermore, the study identified that adequate preparation, information, and training for individuals involved are crucial for a seamless transition to digital procurement. The digital transformation of procurement contributes to sustainability by enhancing efficiency, transparency, and collaboration across the supply chain, ultimately fostering environmentally conscious practices and responsible resource management. In summary, the research underscores the need for a comprehensive and risk-aware approach to digital procurement transformation, considering the pivotal roles of procurement professionals, supplier partnerships, and the integration of new technologies.

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Section: Literature Overviewmentioning

confidence: 99%

A Risk-Aware Approach to Digital Procurement Transformation

Dudić,

Vrhovac,

Vulanović

et al. 2024

Sustainability

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“…Big data is produced by collecting data (enhanced with I4.0 technologies) and predicting future humanitarian needs. Using big data for better decision making must be sustainably developed and implemented [50][51][52]. Table 2 displays key papers that specifically relate to two or more QBL aspects of HSCs.…”

Section: Adaptability and Innovationmentioning

confidence: 99%

Leveraging Industry 4.0 Technologies for Sustainable Humanitarian Supply Chains: Evidence from the Extant Literature

Ülkü,

Bookbinder,

Yun

2024

Sustainability

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Prevailing and exacerbating impacts of climate change call for robust and resilient humanitarian supply chains (HSCs). To that end, intelligent technologies that brought about the Industry 4.0 (I4.0) revolution, such as the Internet of Things, blockchain, and artificial intelligence, may tremendously impact the optimal design and effective management of HSCs. In this paper, we conduct a systematic literature network analysis and identify trends in I4.0 and HSCs. We posit the need to instill into current HSC efforts the quadruple bottom-line (cultural, economic, environmental, and social) pillars of sustainability and define a Sustainable Humanitarian Supply Chain (SHSC). Based on the extant literature and ongoing practice, we highlight how I4.0 technologies can aid SHSC stages from disaster risk assessment to preparedness to response to relief. The complex nature of SHSCs requires a holistic and multidisciplinary approach and collaboration by scholars, policymakers, and industry practitioners to pool solution resources. We offer future research venues in this fledgling but life-saving scientific discipline. SHSCs can be empowered with I4.0 technologies, a much needed direction in our climate-changed world.

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“…Big Data refers to data sets with a massive amount of information (exceeding many zettabytes of data) and which require other utilities than commonly used software to gather, store, and process data within a short time [80,81]. Big Data allows one to efficiently manage and use the constantly growing database [12,[79][80][81][82][83][84][85][86][87][88][89][90][91][92][93][94]. For example, online stores can analyse with almost total accuracy what was sold and how promotions and special offers influenced sales; using Big Data, they can predict what a customer might like to buy next [94].…”

Section: Big Data and Industry 50mentioning

confidence: 99%

Internet of Things and Other E-Solutions in Supply Chain Management May Generate Threats in the Energy Sector—The Quest for Preventive Measures

Dobrowolski

2021

Energies

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Energy firms are the beneficiaries and initiators of innovation, and energy investments are a crucial area of business activity that is specially protected in any country. This is no wonder, as energy security is the basis for the functioning of states and economies. The Internet of Things and Big Data create both new challenges and new threats. This study aimed to identify the potential threats and determine preventive measures, as well as to establish the agile principles related to energy firms’ logistics. The method of the narrative summary in combination with the literature searching method was used. Two conclusions emerged: first, research serves to develop the discipline of management science; second, the identification of risks associated with innovation serves practitioners. In addition, the study defined further research directions.

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Big Data Analytics in Supply Chain Management

Cited by 7 publications

References 1 publication

A Risk-Aware Approach to Digital Procurement Transformation

A Risk-Aware Approach to Digital Procurement Transformation

Leveraging Industry 4.0 Technologies for Sustainable Humanitarian Supply Chains: Evidence from the Extant Literature

Internet of Things and Other E-Solutions in Supply Chain Management May Generate Threats in the Energy Sector—The Quest for Preventive Measures

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