Supply Chain

Supply Chain in International Trade

Meaning of Supply Chain, according to the Dictionary of International Trade (Global Negotiator): The people, activities, information, and resources involved in transforming raw materials into a finished product for supply to an end customer.

A Review of Advances in Supply Chain Intelligence, the Law and other Social Sciences

Supply Chain Intelligence (SCI) is relatively new initiative that provides the capability to improve business performance by utilizing sophisticated analytical tools and collaborative decision making. SCI takes broader, multidimensional view of supply chain in which, using patterns and rules, meaningful information about the data can be discovered. In this chapter, the drivers for the implementation of the business intelligence and performance measurement systems are discussed. Review of the most important literature and research findings provides condensed view of the existing state of the art. Furthermore, the integrated supply chain intelligence system that enables creation of pervasive analytical systems for collaborative planning, monitoring and management of the supply network is described. The SCI system is robust and cloud-based, capable to handle big data analytical tasks. Its flexible and multi-layered architecture enables creation of adaptive supply chain intelligence systems by composing various analytical software components, services and tools.[1]

An Integrated Approach to Supply Chain Simulation, the Law and other Social Sciences

Simulation can be a valuable tool for supply chain analysis, planning, optimization, evaluation, and risk management. Computer simulation and simulation models can be used to model intricate supply chains close to real systems, execute those models, and observe system behavior. this subject deals with supply chain modeling and simulation. It starts with rationale for supply chain simulation, its advantages and benefits. The paper gives a systematic background research and literature overview related to supply chain simulation with insights into the main simulation approaches and methods. Next, supply chain modeling and simulation methodology is described. It introduces supply chain Metamodel which enables modeling of both supply chain structure and dynamics. The main components like model database, process library, knowledge base, and execution engine are also described. The examples of various simulation scenarios are presented. Finally, the paper gives the main future research directions and concludes with a brief discussion of supply chain simulation importance and applications.[1]

Resources

Notes and References

1. Nenad Stefanovic, Bozidar Radenkovic, “An Integrated Approach to Supply Chain Simulation” (Encyclopedia of Information Science and Technology, 4th Edition, Information Resources Management Association, 2018)

Resources

Notes and References

1. Nenad Stefanovic, Danijela Milosevic, “A Review of Advances in Supply Chain Intelligence” (Encyclopedia of Information Science and Technology, 4th Edition, Information Resources Management Association, 2018)