Authors :
Lamia Aladel; Heba M. Sabry
Volume/Issue :
Volume 8 - 2023, Issue 1 - January
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/3jr3vlN
DOI :
https://doi.org/10.5281/zenodo.7601794
Abstract :
Supply Chains are the essence of any
business, impacting the entire value chain from the
procurement, manufacturing, quality, delivery,
mobility, and costs of a business’s products and services
to ultimately profitability and return on assets. To avoid
disruption, and become resilient - which is the utmost
necessity of the hour, businesses need to digitally
transform immediately. The rapid rise of innovations
and operational evolutions such as Industry 4.0 and the
upcoming Industry 5.0 is leading to a profound new era
of the integrated digital supply chain.
Although the Internet of Things (IoT) is said to be
a cornerstone technology for the newly emerging
Industry 4.0 era, there is no empirical data on IoT
utilization in supply chain management. The supply
chain management and logistics operations can be
greatly improved with the use of Internet of Things
(IoT) solutions, offering transparency and
cost-effectiveness that is only possible with the use of
this cutting-edge technology. The use of IoT in Supply
Chain Management (SCM) makes it possible to manage
and monitor assets in real-time, offers data for advanced
planning and optimization, increases the effectiveness of
storage and transportation, and promotes
sustainability.This paper discussed the supply chain
management, its problems, the ways IoT is
revolutionizing Supply Chain Management, and the
challenges and opportunities that face applying smart
SCM, and propose a conceptual framework for smart
SCM.
Keywords :
Supply Chain Management, Internet of things
Supply Chains are the essence of any
business, impacting the entire value chain from the
procurement, manufacturing, quality, delivery,
mobility, and costs of a business’s products and services
to ultimately profitability and return on assets. To avoid
disruption, and become resilient - which is the utmost
necessity of the hour, businesses need to digitally
transform immediately. The rapid rise of innovations
and operational evolutions such as Industry 4.0 and the
upcoming Industry 5.0 is leading to a profound new era
of the integrated digital supply chain.
Although the Internet of Things (IoT) is said to be
a cornerstone technology for the newly emerging
Industry 4.0 era, there is no empirical data on IoT
utilization in supply chain management. The supply
chain management and logistics operations can be
greatly improved with the use of Internet of Things
(IoT) solutions, offering transparency and
cost-effectiveness that is only possible with the use of
this cutting-edge technology. The use of IoT in Supply
Chain Management (SCM) makes it possible to manage
and monitor assets in real-time, offers data for advanced
planning and optimization, increases the effectiveness of
storage and transportation, and promotes
sustainability.This paper discussed the supply chain
management, its problems, the ways IoT is
revolutionizing Supply Chain Management, and the
challenges and opportunities that face applying smart
SCM, and propose a conceptual framework for smart
SCM.
Keywords :
Supply Chain Management, Internet of things
