University of Arkansas initiative explores quantum computing applications for supply chain management
D-Wave Quantum Inc., a provider of quantum computing systems, software, and services, and the University of Arkansas are launching an initiative to explore the role quantum computing could play in supply chain management.
The initiative, which was announced at the Council of Supply Chain Management Professionals’ EDGE Conference on Monday, will be part of the Supply Chain Management Research Center (SMRC) at the Sam M. Walton College of Business.
Quantum computing is an emerging area of computing that researchers are exploring for certain complex optimization problems, including routing, scheduling, and resource allocation.
“Supply chains are highly dynamic, with decision-making that can have a far-reaching impact on efficiency and costs,” said Murray Thom, vice president of quantum technology evangelism at D-Wave. “We’re seeing quantum computing technologies emerge as potentially powerful alternatives to existing classical approaches.”
The collaboration between D-Wave and the SCMRC will explore foundational and applied research in quantum optimization for supply chain use cases, including transportation routing, logistics network design, inventory and resource allocation, scheduling, and decision-making under disruption. The organizations also may collaborate on curriculum development, case studies, practical frameworks and student-learning opportunities.
“The Walton College is dedicated to exploring the very latest methods, processes and technologies that advance supply chain management and resilience,” said Brian Fugate, Associate Dean for Research and Graduate Programs with Walton College. “Quantum computing is showing great potential to help organizations accelerate decision-making, mitigate disruption and drive better operational outcomes.” We’re excited to partner with D-Wave, one of the quantum computing industry’s foremost leaders, to bring quantum into our research portfolio and ultimately benefit students and partners alike.”
