The potential of IoT to transform supply chain management through enhanced connectivity and real-time data
1 Communications Software (Airline Systems) limited a member of Aspire Software Inc, UK.
2 Independent Researcher, UK.
3 Independent Researcher, London, UK.
Review
World Journal of Advanced Engineering Technology and Sciences, 2024, 12(01), 145–151.
Article DOI: 10.30574/wjaets.2024.12.1.0202
Publication history:
Received on 01 April 2024 revised on 22 May 2024; accepted on 24 May 2024
Abstract:
This review paper examines the transformative potential of Internet of Things (IoT) technology in supply chain management (SCM). It elucidates how IoT-enabled solutions enhance visibility, efficiency, cost-effectiveness, and risk management across supply chain processes. Despite promising benefits, challenges such as data security, integration complexity, scalability, and technological dependencies are identified. Emerging trends in edge computing, artificial intelligence, machine learning, and blockchain and recommendations for successful implementation are discussed. The paper underscores the significance of IoT adoption for businesses, consumers, and society, envisioning a future marked by interconnected, intelligent, and sustainable supply chains.
Keywords:
Internet Of Things; Supply Chain Management; Iot-Enabled Solutions; Visibility; Efficiency; Risk Management
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Copyright information:
Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0