To Study Impact of IOT in Supply Chain Management Kadam Dipesh Dilip*, Narayanswamy Shilpa Welingkar Institute of Management Development and Research, Mumbai, Maharashtra, India *Corresponding author email id: dipesh.kadam@welingkar.org
Online Published on 08 August, 2023. Abstract The Internet of Things (IoT) is a global platform that connects physical things and devices to a network over the internet so that they can be located, recognised, and managed. Nowadays, IoT is essential for managing the supply chain. The implementation of Industry 4.0/Internet of Things (IoT) technologies offers prospects for more sustainable management, as has become clear to businesses as a result of the fourth industrial revolution and the digitization of supply chains. The Internet of Things (IoTs) is a global network of intelligent devices that are connected to the Internet and have been promoted as a way to enhance supply chain integration (SCI). Many industries are facing a lot of issues and weaknesses with respect to Supply Chain Management. This paper looks at the various difficulties faced by supply chain management and how IoT provides a solution. It aims to assess how IoT will affect inventory and logistics management. Various warehouse visits were done, and a survey form was created in order to understand how IOT is implemented. Study Findings reported that IoT has already benefited almost all phases of the supply chain. IoT supply chain has many advantages, like increasing the productivity of factories, providing real-time product location information, automating warehouses, improving cold chain management and much more. Top Keywords Internet of things (IOT), Supply chain management, Warehousing, Challenges, Retail, Radio frequency identification. Top |