Supply Chain Inventory Collaborative Management and Information Sharing Mechanism Based on Cloud Computing and 5G Internet of Things

Abstract

With the development of economic globalization, the competition among enterprises is increasingly fierce. Therefore, companies need close information sharing to realize the integration of supply chain. This article aims to study the collaborative management and information sharing mechanism of supply chain inventory based on cloud computing and 5G Internet of Things. This article first introduces the theory and methods of collaborative supply chain management and the information exchange mechanism and then discusses the problem of information sharing in the supply chain, that is, the bullwhip phenomenon, and then from the demand forecast, supply chain structure, time lag, and shortage game, six aspects are analyzed. The cause of the bullwhip phenomenon is analyzed. Secondly, this article proposes a quantitative analysis of the bullwhip effect, establishes a mathematical model of the bullwhip effect in the supply chain, and uses quantitative analysis to analyze the value of information sharing in the supply chain. Finally, this article uses cloud computing technology to build a supply chain information collaboration system architecture and uses EPC Internet of Things to build a supply chain information sharing model and describes the entire operation process of the supply chain. The experimental results of this paper show that the application of cloud computing technology to supply chain management establishes a system platform for supply chain information sharing, improves the overall operational efficiency of supply chain management, and realizes supply chain information sharing and business collaboration. In addition, the operating costs and risks of each node enterprise in the supply chain are reduced by 12% compared with the nonsharing situation, which also shows that the overall benefits of the supply chain have been correspondingly improved and market competitiveness has been enhanced.

Is information quality a key factor in improving competitive advantages and performance of engineering, procurement and construction companies?

“…The CR and VE values of each variable are: information quality, .91 and .57; competitive advantage, .92 and .63; and EPC performance: .95 and .87, respectively. All variables have composite reliability with CR values and VE values that meet the rule of thumb of .70 and .50, respectively (Riadi, 2018;Zhang & Gong, 2021).…”

“…If there are more than five GOF indicator values accepted, then the model is declared fit. Another measure can be seen from the absolute value of the fit index from the value of the chisquare or RMSEA model accepted (Riadi, 2018;Zhang & Gong, 2021). The test results in Table 4 show that the values of NFI, NNFI, CFI, IFI, RFI and GFI are greater than or equal to .90, indicating the compatibility of the model.…”

“…Although prices are slowly recovering, most oil companies are still cautious about spending capital on new projects. The construction industry, meanwhile, is faced with a process dilemma that causes the company's performance to be poor, including lack of quality information owned by the company (Bagus, 2018;Zhang & Gong, 2021).…”

Deploying Big Data Enablers to Strengthen Supply Chain Agility to Mitigate Bullwhip Effect: An Empirical Study of China’s Electronic Manufacturers

“…With the advent of globalization, integration, and the knowledge economy, competition among enterprises is increasingly intensified [1]. Enterprise competition can be regarded as the competition between supply chains [2].…”

“…In this regard, the bullwhip effect will not only lead to low efficiency of the supply chain but will even affect the survival of enterprises [9]. Therefore, reducing the bullwhip effect plays an important role in improving the performance of supply chain management, helping enterprises solve problems in supply chain management, and ensuring effective supply chain operation [1,5].…”