The role of IoT in boosting supply chain transparency and efficiency

Abstract

This review paper explores the pivotal role of the Internet of Things (IoT) in enhancing transparency and efficiency within supply chains. As global industries increasingly demand sustainability and streamlined operations, IoT emerges as a key enabler, providing unprecedented visibility and control. This paper synthesizes findings from a broad range of literature, including case studies and empirical research, to assess the impact of IoT on supply chain dynamics. The analysis reveals that IoT facilitates real-time tracking of goods and data flow, significantly increasing transparency across all supply chain tiers. This enhanced visibility aids in proactive decision-making, compliance with regulatory standards, and adherence to sustainability criteria. Additionally, the integration of IoT is shown to streamline operations, reduce costs, and elevate customer satisfaction through more reliable and responsive service delivery. The paper concludes that while the adoption of IoT drives considerable improvements in supply chain management, it also introduces challenges such as the need for substantial infrastructure investment and ongoing concerns regarding data security and privacy. Recommendations for practitioners include adopting a phased IoT integration strategy and prioritizing robust cybersecurity measures to safeguard sensitive information. This review provides a comprehensive overview of IoT's capabilities and outlines strategic approaches to harness its full potential for transforming supply chain operations.