Role of Big Data Analytics in supply chain management: current trends and future perspectives

Abstract

It is a widely accepted fact that almost every research or business revolves around Data. Data from various business sectors has been growing sharply and the management of this massive amount of data is the biggest professional crunch these days. The notion of Big Data Analytics (BDA) is a prominent facet that delivers the best possible solution to decision-makers for efficiently handling the problems related to huge data. The key role of BDA in the area of Supply Chain Management (SCM), Logistics Management (LM), and Inventory Management (IM) is of utmost significance as it optimises the business operations by analyzing customer behaviour. Motivated with the promising paybacks of the BDA, a recent review from the year 2015–2019 is presented in this paper. Further, the significance of BDA in SCM, LM, and IM has been highlighted by studying 58 papers, which have been sorted after a detailed study of 260 papers, collected through the Web of Science (WoS) database. The findings and observations give state-of-the-art insights to scientists and business professionals by presenting an exhaustive list of the progress made and challenges left untackled in the field of BDA in SCM, LM, and IM.

KEYWORDS:

• Big Data Analytics
• supply chain management
• logistics
• inventory management
• review

Acknowledgment

All the authors show their deepest gratitude to the editor, associate editor, and anonymous reviewers for their constant support in significantly shaping the manuscript. The current form of the manuscript would not have been possible without their encouragement and motivation throughout the review process. We take this opportunity to express our sincere thanks to Mrs. Sumita Puri for assisting in the correct documentation of the manuscript.

Disclosure statement

No potential conflict of interest was reported by the author(s).