Unleashing Robo-Advisors in Supply Chain Management: Algorithmic Guidance

Unleashing Robo-Advisors in Supply Chain Management: Algorithmic Guidance

Rishi Prakash Shukla, Satnam Singh, Pawan Kumar, Abhishek Singh Chauhan
Copyright: © 2024 |Pages: 19
DOI: 10.4018/979-8-3693-2849-1.ch004
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Abstract

Step into the dynamic world of supply chain management, where a significant transformation is unfolding through the adoption of innovative technologies. This chapter is a guide through this exciting journey, exploring the impactful changes brought about by robo advisors. We'll dive into their practical uses, the hurdles faced, and what the future holds. Looking ahead, we'll gaze into the future of supply chain management. From decentralized autonomous supply chains to the integration of augmented reality, self-aware robotic systems, and even the potential of quantum computing, there's much to anticipate. This chapter is not just a look into the crystal ball; it's a call to action, helping organizations prepare for the next phase of innovation and efficiency.
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1.3 Objectives Of The Chapter

The primary objectives of this chapter are threefold:

1.3.1 Understanding Robo Advisors

Delve into the definition, characteristics, and technological intricacies that constitute robo advisors. Unpack the transformative potential encapsulated in algorithms designed to guide and optimize decision-making processes within the labyrinth of supply chain management.

1.3.2 Applications Across Supply Chain Functions

Explore the real-world applications of robo advisors across key functions within the supply chain. From redefining procurement strategies to revolutionizing demand forecasting and optimizing logistics, witness how intelligent algorithms reshape the operational landscape.

Navigate through the challenges posed by ethical considerations, biases, and transparency in algorithmic decision-making. Simultaneously, cast a gaze into the future, where emerging technologies and decentralized autonomous supply chains promise to usher in a new era of innovation.

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1.4 The Narrative Unfolds

Our narrative unfolds as a journey, weaving through case studies, industry anecdotes, and visionary projections. The landscapes we traverse span from the bustling ports of Shanghai, where algorithms optimize logistics with robotic precision, to the boardrooms of Tokyo, where executives strategize the integration of robo advisors into their supply chain ecosystem.

As we immerse ourselves in this exploration, the chapters that follow will illuminate the transformative stories of companies like Maersk Line, Toyota, and Alibaba, where robo advisors have become catalysts for efficiency, sustainability, and growth. The challenges faced by organizations in addressing ethical considerations and ensuring transparency in algorithmic decision-making will be met with thoughtful analysis.

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