Optimizing Supply Chain Risk Management: An Integrated Framework Leveraging Large Language Models
- Publisher:
- IEEE
- Publication Type:
- Conference Proceeding
- Citation:
- 2024 IEEE Conference on Artificial Intelligence (CAI), 2024, 00, pp. 1057-1062
- Issue Date:
- 2024-07-30
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1745789.pdf | Published version | 1.72 MB |
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The integration of Large Language Models LLMs in Supply Chain Risk Management SCRM is a novel approach to addressing the dynamic and complex challenges of risk identification and categorization in supply chains This paper introduces a framework that leverages the capabilities of LLMs in automating the risk identification process from news and supplier databases It also integrates a risk labeling process using the Cambridge Taxonomy of Business Risks CTBR A case study involving Apple Inc as the focal company illustrates the practical application of this framework Our methodology demonstrates significant efficiency in identifying and categorizing supply chain risks offering a promising tool for supply chain professionals to enhance resilience and responsiveness in a rapidly evolving risk landscape
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