Supply chain resilience: A review from the inventory management perspective
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View abstract on PubMed
Summary
This summary is machine-generated.This review explores inventory management strategies for building resilient supply chains, addressing both supply and demand disruptions. It highlights methods like stockpiling and multi-sourcing to mitigate risks from global events.
Area Of Science
- Supply Chain Management
- Operations Research
- Risk Management
Background
- Global supply chains face unprecedented disruptions from pandemics, geopolitical conflicts, and climate change-induced disasters.
- These vulnerabilities lead to significant economic damage and product shortages, necessitating enhanced resilience.
Purpose Of The Study
- To conduct a comprehensive literature review of inventory management strategies for improving supply chain resilience.
- To categorize and analyze strategies addressing both supply-side and demand-side risks.
Main Methods
- Systematic literature review of inventory management strategies.
- Classification of strategies based on the type of disruption risk (supply-side vs. demand-side).
- Summarization of practical challenges, current research, and future research directions.
Main Results
- Identified key inventory management strategies including stockpiling, multi-sourcing, capacity reservation, and flexible supply contracts.
- Categorized strategies effectively for supply-side risks (e.g., ensuring supply availability) and demand-side risks (e.g., managing demand volatility).
Conclusions
- Effective inventory management is crucial for building robust and resilient supply chains.
- Further research is needed to address practical challenges and explore innovative strategies for diverse disruption scenarios.
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