A Study of Inventory Management in Supply Chain under the Environment of Internet of Things

Abstract

Since the 1960s, the competition between enterprises has been replaced by the competition between supply chains because of rapid economic development. For the purpose of enhancing the competitiveness of supply chain by improving the level of supply chain management, the resources of enterprises in supply chain should be integrated and optimized, and then managed uniformly. Inventory management is the most important part of supply chain management. The inventory models what we are using have many limitations. The effectiveness of implementation often depends on the accuracy of the accuracy of “market demand forecast”. In order to reduce the reliance on “market demand forecast” accuracy to improve the efficiency of supply chain inventory management, we need to have further research on this theory by used of Internet of things to explore right model.