loT in supply chain management
Aya Gamal · 2023
Supply chain management is an important process for businesses because it includes the coordination of a network of actions, people, entities, information, and resources targeted at creating and delivering a specific product to the end buyer. Companies may minimize costs, stay competitive, and assure a speedier production cycle by building optimal supply networks. This article's objective is to examine the advantages and challenges of implementing IoT in the supply chain while showcasing its potential. The Internet of Things allows for data collection and sharing in real time from a variety of connected objects, such as sensors, RFID tags and smart devices. By enabling proactive inventory management, optimization of distribution routes, and early detection of potential issues, data can increase visibility into product movements and conditions throughout the distribution chain. The Internet of Things (IoT), which enables the collecting and exchange of data from linked things like sensors, RFID tags, and smart devices, gives the supply chain instant visibility into each of its components. Product monitoring enables businesses to guarantee on-time delivery while facilitating the identification and prevention of possible problems. IoT adoption in the supply chain raises issues with data security, volume management, and integration with current systems; however, by taking a strategic approach and working closely with suppliers and partners, these issues may be solved and the full potential of IoT can be realized. We can conclude that IoT has great promise for enhancing the visibility and efficiency of the supply chain and it is the main and strong advantage of implementing loT in supply chain management.