A Preliminary Study of Role and Challenges of IOT in Supply Chain Management

Abstract

Abstract: This paper delves into research on the Internet of Things (IoT) within the context of supply chain management (SCM). It comprehensively addresses the definition of IoT, key technology enablers, various SCM processes, and applications. The Internet of Things has the potential to address limitations in certain aspects of SCM, such as monitoring, production management, logistics operations efficiency, information exchange and communication, supply chain modeling, intelligent information collection, and security. The advent of IoT technology has ushered in a new era in logistics. The paper examines the current application areas and future prospects of this technology. Challenges encountered in implementation underscore the need for further refinement of IoT technology. Despite these obstacles, experts contend that the crux lies not in issues of costs, standards, and techniques, but in the establishment of a viable business model in the SCM and logistics industries.