The role of Artificial Intelligence in Supply Chain Management: A systematic Literature Review

Authors

  • Klavdij Logožar University of Maribor, Faculty of Economics and Business

DOI:

https://doi.org/10.54820/entrenova-2024-0027

Keywords:

Supply Chain Management, supply chain, Artificial Intelligence

Abstract

As the global business landscape continues to evolve, the integration of advanced technologies has become imperative for enhancing efficiency and competitiveness. This paper explores the multifaceted role of Artificial Intelligence (AI) in revolutionizing supply chain management (SCM). The traditional supply chain paradigm is being reshaped by AI-driven solutions, presenting opportunities for optimization, agility, and resilience. The author conducted a systematic literature review evaluation of the published literature from peer-reviewed journals in the major databases Scopus and Web of Science. The analysis of literature is a frequency analysis of the literature by considering the year of publications, the contribution of leading journals and publishers, and the methodology adopted and the content analysis of literature. The author’s findings from the literature reveal that key AI applications in supply chain management, such as demand forecasting, inventory management, logistics optimization, and risk mitigation enable organizations to make informed decisions, reduce forecasting errors, and optimize inventory levels, ultimately improving overall supply chain efficiency.

Author Biography

Klavdij Logožar, University of Maribor, Faculty of Economics and Business

Klavdij Logožar, Ph.D. is an Associate Professor at the Faculty of Economics and Business, University of Maribor, Department of International Economics and Business. He received PhD in Business Sciences at Faculty of Economics and Business, University of Maribor with the dissertation thesis “Connection between logistics processes and computer integrated manufacturing (CIM) concept in a manufacturing firm”. His main research interests are supply chain management and international business. Klavdij Logožar published several scientific papers in international and national journals and participated in many scientific international conferences. The author can be contacted at klavdij.logozar@um.si

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Published

2024-11-13

How to Cite

Logožar, K. (2024). The role of Artificial Intelligence in Supply Chain Management: A systematic Literature Review. ENTRENOVA - ENTerprise REsearch InNOVAtion, 10(1), 328–337. https://doi.org/10.54820/entrenova-2024-0027

Issue

Section

Business Administration & Business Economics, Marketing, Accounting