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Inventory management for retail companies: A literature review and current trends

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Applications of Artificial Intelligence in Inventory Management: A Systematic Review of the Literature

• Review Article
• Published: 07 February 2023
• Volume 30 , pages 2605–2625, ( 2023 )

Cite this article

• Özge Albayrak Ünal   ORCID: orcid.org/0000-0001-7798-8799 1 ,
• Burak Erkayman   ORCID: orcid.org/0000-0002-9551-2679 1 &
• Bilal Usanmaz   ORCID: orcid.org/0000-0003-0531-4618 2  

5662 Accesses

7 Citations

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Today, companies that want to keep up with technological development and globalization must be able to effectively manage their supply chains to achieve high quality, increased efficiency, and low costs. Diversified customer needs, global competitors, and market competition have led companies to pay more attention to inventory management. This article provides a comprehensive and up-to-date review of Artificial Intelligence (AI) applications used in inventory management through a systematic literature review. As a result of this analysis, which focused on research articles in two scientific databases published between 2012 and 2022 for detailed study, 59 articles were identified. Furthermore, the current situation is summarized and possible future aspects of inventory management are identified. The results show that the interest in AI methods has increased in recent years and machine learning algorithms are the most commonly used methods. This study is meticulously and comprehensively conducted so it will probably make significant contributions to the further studies in this field.

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Department of Industrial Engineering, Engineering Faculty, Ataturk University, 25240, Erzurum, Turkey

Özge Albayrak Ünal & Burak Erkayman

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Bilal Usanmaz

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Albayrak Ünal, Ö., Erkayman, B. & Usanmaz, B. Applications of Artificial Intelligence in Inventory Management: A Systematic Review of the Literature. Arch Computat Methods Eng 30 , 2605–2625 (2023). https://doi.org/10.1007/s11831-022-09879-5

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Received : 13 August 2022

Accepted : 23 December 2022

Published : 07 February 2023

Issue Date : May 2023

DOI : https://doi.org/10.1007/s11831-022-09879-5

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