Supply Chain Resilience: A Review from the Inventory Management Perspective

40 Pages Posted: 27 Mar 2023

See all articles by Ying Guo

Ying Guo

School of Economics and Management, University of Chinese Academy of Sciences

Fang Liu

Durham University Business School

Jing-Sheng Jeannette Song

Duke University - Fuqua School of Business

Shuming Wang

School of Economics and Management, University of Chinese Academy of Sciences

Date Written: July 02, 2024

Abstract

The COVID-19 pandemic has exposed vulnerabilities in global supply chains, leading to economic damage and product shortages caused by demand surges and supply disruptions. Concurrently, geopolitical conflicts and the rising frequency of natural disasters due to climate change have amplified the urgency to develop strategies for building resilient supply chains. This article presents a comprehensive literature review on inventory management strategies for enhancing supply chain resilience, such as stockpiling, multi-sourcing, capacity reservation, and flexible supply contracts. We classify these strategies into two categories, one deals with supply-side disruption risks, and the other deals with demand-side disruption risks. For each category, we summarize the practical challenges, the state-of-art research, and potential avenues for future research.

Keywords: Supply chain resilience, inventory pre-positioning, multiple sourcing, demand surges, supply disruptions

Suggested Citation

Guo, Ying and Liu, Fang and Song, Jing-Sheng Jeannette and Wang, Shuming, Supply Chain Resilience: A Review from the Inventory Management Perspective (July 02, 2024). Available at SSRN: https://ssrn.com/abstract=4393061 or http://dx.doi.org/10.2139/ssrn.4393061

Ying Guo

School of Economics and Management, University of Chinese Academy of Sciences ( email )

Haidian
Beijing

Fang Liu (Contact Author)

Durham University Business School ( email )

Mill Hill Lane
Durham, DH1 3LB
United Kingdom

Jing-Sheng Jeannette Song

Duke University - Fuqua School of Business ( email )

100 Fuqua Drive
Duke University
Durham, NC 27708
United States

HOME PAGE: http://people.duke.edu/~jssong/

Shuming Wang

School of Economics and Management, University of Chinese Academy of Sciences ( email )

Building 7, NO. 80 Zhongguancun Road
Beijing, Beijing 100190
China

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