Quantum Computing for Real-Time Decision Making in Supply Chain Operations
Debosree Ghosh · Advances in logistics, operations, and management science book series · 2024
This chapter examines the relationship between supply chain management and quantum computing, with a particular emphasis on real-time decision-making in supply chain operations. Quantum computing offers a solution to traditional supply chain decision-making by enabling faster computations at unprecedented speeds. This technology can improve inventory management, transportation routing, and demand forecasting. However, it faces challenges in real-time decision-making due to compatibility with current technologies and hardware limitations. The chapter explores the fundamentals of quantum computing and its potential applications in supply chain management, highlighting real-time decision-making-friendly quantum algorithms and quantum-inspired optimization strategies. Despite these challenges, quantum computing offers revolutionary possibilities for enhancing supply chain flexibility and effectiveness.