Internet of Things: A Key Enabler for the Sustainable Supply Chain Management
Chandra Prakash Gupta, Vikram Kumar · 2023
The Internet of Things (IoT) is a buzzword today, and almost every industry sector is trying to incorporate it, as it is capable of bringing astounding improvements to their work. This study examines how IoT can play a crucial role in attaining sustainable supply chain management (SSCM). Sustainable supply chain techniques are now essential in increasingly globalized and linked world. Companies are under increasing pressure to retain economic viability while reducing their environmental impact, improving resource efficiency, and ensuring ethical sourcing. IoT emerges as a disruptive technology that can handle these difficulties, thanks to its capacity to gather, transfer, and analyze enormous amounts of real-time data. The literature review sheds light on the facts as to how IoT-enabled sensors and devices may offer real-time visibility into the supply chain, allowing businesses to track products, keep an eye on the environment, and plan out the best possible routes for transportation. Improved forecasting accuracy, waste reduction, and demand planning are all benefits of integrating IoT with the supply chain. However, there are obstacles in using IoT in supply chains, such as worries about data security and privacy, problems with interoperability, and the requirement for substantial infrastructure investments. In conclusion, the incorporation of IoT as a key element of supply chain management has significant potential for advancing sustainability goals. The findings emphasizes that IoT has a significant impact on the development of sustainable supply chains and empowers organizations to function more effectively and efficiently meet their social, economic, and environmental objectives.