Abstract
Internet of Things (IoT) is a term used to express the new evolution of the Internet which brings major changes both to economy and society as well as in the business environment and indus-try, in which any physical or virtual object can be connected to other objects or people through the Internet. The usage of IoT technology in Supply Chain Management increase the overall performance and relationship between the supply chain members well as the relationship with the customers, competitors, and suppliers, facilitating the capture, transmission, and analysis of data, having a variety of applications. Our study aim is to analyze the performance factors that are influencing the adoption of Internet of Things technology in Supply Chain Management. In order to identify and examine the factors a quantitative research it’s conducted because it al-lows understanding the factors that characterize an organization and the relations between it and its members, factors that are contributing to better prosperity of the organization and to an increase of performance achieved through the chain, facilitating the integration of business processes between members.
Highlights
In the present, the Internet of Things represents a new stage in the evolution of the Internet that brings major changes in our world, transforming it in a smart virtual world capable of sensing, analyzing and adapting to new conditions to contribute to improving the quality of life and safety of people
For testing the research hypotheses a logistic regression model was used that models the relationship between an independent variables and a dichotomous dependent variable, which takes values 1 and 0. This analysis is consistent with previous studies conducted to examine the factors that may influence technology innovation and adoption in an organization, individually or collectively when we are talking about member companies in a supply chain
The adoption of devices and technologies specific to the Internet of Things was reduced for the explanatory variables: size, financial resources, centralization, inter-organizational trust, inter-organizational market orientation, new product advantage, ROI rate, and the period of time until the ROI rate is reached
Summary
Increase Supply Chain Management Performance by Internet of Things. The usage of IoT technology in Supply Chain Management increase the overall performance and relationship between the supply chain members well as the relationship with the customers, competitors, and suppliers, facilitating the capture, transmission, and analysis of data, having a variety of applications. Our study aim is to analyze the performance factors that are influencing the adoption of Internet of Things technology in Supply Chain Management. In order to identify and examine the factors a quantitative research it’s conducted because it allows understanding the factors that characterize an organization and the relations between it and its members, factors that are contributing to better prosperity of the organization and to an increase of performance achieved through the chain, facilitating the integration of business processes between members.
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