The Internet of Things in Supply Chain Management
Volkan Ünal, Mine Ömürgönülşen, Sedat Belbağ, Mehmet Soyasal · 2020
Supply chain management (SCM) is the management of the flow of materials, services and information among the partners along the supply chain. Real-time collaboration can be built among the partners in the supply chain utilizing the recent technologies introduced by Industry 4.0 such as radio frequency identification, cyber-physical systems and internet of things (IoT). The chapter aims to reveal the tendencies and interests in the integration of IoT into the SCM. It addresses the potential effects of IoT applications in SCM. IoT is one of the fastest developing technology related to the Industry 4.0 concept. The major challenges of transformation in production systems related to IoT related technologies can be summarized: difficulties in technical integration, difficulties in storing and analyzing big data, challenge of enabling consistent cybersecurity, different international standards, and challenge of redesigning the traditional layout. IoT provides the opportunity of having smart production lines and considerable cost savings for manufacturers.