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Impact of Artificial Intelligence on Value Creation in Retail Supply Chain

   

Added on  2022-12-05

11 Pages2369 Words356 Views
Business DevelopmentData Science and Big DataArtificial Intelligence
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Proposal
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Impact of Artificial Intelligence on Value Creation in Retail Supply Chain_1

Table of Contents
Introduction......................................................................................................................................3
Conclusion.......................................................................................................................................9
REFERENCES..............................................................................................................................10
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Impact of Artificial Intelligence on Value Creation in Retail Supply Chain_2

Research title: Impact of artificial intelligence on the value creation in the
supply chain in Retail sector industry.
Introduction
The next wave of technological development is already making sense for operational data that is
streaming across plethora of device and various clod applications technology is advancing and is
applied across various processes, predicts and systems so that here can be early learning and
adaptation (Johnson and et. al., 2018). These developments have to be predicted by
organisations. Presently there is analysis of the role played by such artificial intelligence and
supply chain process of organisations that are part of retail sector. For this purpose there is need
to make detailed evaluation of the impact of artificial intelligence on the process of value
creation across the supply chain process in retail sector.
There is also evaluation of the impact of artificial intelligent on the value creation of supply
chain process in organisations (Hosny and et. al., 2018). With changing times and the changing
nature of external environment it has become very important to analyse such dynamic nature of
external environment that can lead to transformations in overall functioning. For this purpose
presently there will be use of qualitative and quantitative data method in order to collect the
relevant information across various platforms for the purpose of reaching to conclusions and
drawing suitable recommendations for retail sector organisations.
Overall Research Aim: “To analyse and evaluate the impact of AI on VC in the SC to find
new rules or even a theory to predict future mechanisms for sustainable competitive
advantages” A case study on retail industry.
Research Objectives:
1. To review the technologies for improving SC performance, especially value creation in
SC and concepts leading to sustainable competitive advantages.
2. To develop a conceptual framework with the purpose to explore scenarios towards future
SC performance mechanisms.
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3. To explore, analyse, and evaluate the contribution of artificial intelligence to value
creation in future supply chains.
Research questions:
1. What are various different types of technologies for improving SC performance,
especially value creation in SC and concepts leading to sustainable competitive
advantages?
2. What can be different conceptual frameworks to explore scenarios towards future SC
performance mechanisms?
3. What is the impact of AI application on the value creation of a supply chain?
Data Collection Methods
For the purpose of present research work there will be use of both primary and secondary form
of collecting data based on which further analysis is to be done to reach relevant conclusions. In
secondary form of information there is literature review which is developed in order to make
analysis of the information.
The technologies for improving Supply chain performance and value creation leading to
sustainable competitive advantages
As per view points of Bneton (2018), Artificial intelligence is affecting the overall functioning of
organisations. There are different sources of artificial intelligence that is affecting the preset
functions of supply chain & logistics in retail sector organisations. There are many organizations
that are making investments in artificial intelligent (Pandian, 2019). As per reports the state of
artificial intelligent is very important for various enterprises. Supply chain is one of top areas that
can be used by business organisations in the retail sector for the purpose of driving the overall
revenues for the investment in artificial technologies.
In retails sector organisations like Morrison’s, TECSO, Marks and Spencer there is use of
artificial intelligence for the purpose having rapid development that can enable organisations to
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