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The potential of IoT to transform supply chain management through enhanced connectivity and real-time data

Year: 2024

Type: article

Abstract: This review paper examines the transformative potential of Internet of Things (IoT) technology in supply chain management (SCM). It elucidates how IoT-enabled solutions enhance visibility, efficiency, cost-effectiveness, and risk management across supply chain processes. Despite promising benefits, challenges such as data security, integration complexity, scalability, and technological dependencies are identified. Emerging trends in edge computing, artificial intelligence, machine learning, and blockchain and recommendations for successful implementation are discussed. The paper underscores the significance of IoT adoption for businesses, consumers, and society, envisioning a future marked by interconnected, intelligent, and sustainable supply chains.

Source: World Journal of Advanced Engineering Technology and Sciences

DOI: 10.30574/wjaets.2024.12.1.0202

Authors: Kudirat Bukola Adeusi, Ayodeji Enoch Adegbola, Prisca Amajuoyi, Mayokun Daniel Adegbola, Lucky Bamidele Benjamin

Language: English

Topic: Impact of AI and Big Data on Business and Society

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: hybrid

OpenAlex ID: W4399125306

FWCI: 9.011

Cites: 32

Cited by: 40

Related to: 10