A Review on Pragmatic Prerequisite Utilization of IoT in SCML for Industry 4.0
Reddy C. Thilak, S. Yogananthan, Ravishankar S. Ulle, Rupesh Kumar Sinha · Advances in computational intelligence and robotics book series · 2023
Embracing digital transformation has led to a major industrial change in the field of supply chain management qualitatively. This research deliberates emerging technologies identified as IoT (internet of things) which with other technologies like AI and ML, big data, and cloud computing an inevitable requirement for industry 4.0 implementation based on the complex needs following organizational structure. Study in the region of utilization of IoT in SCML is scarce in developing countries. However, the following inevitable SCM drivers such as real-time realization, barriers in enabling demand flow, value optimization from the business perspective, including elements of sustainability, the rising expectation of customers, and cutthroat competition amongst the manufacturers and service providers, have led to the utilization of IoT SCML industry. Especially when the constraints like time management and flow of materials are in high focus.