Leveraging IoT for Enhanced Supply Chain Management in Manufacturing

Abstract

Information Technology especially through use of the Internet of Things (IoT) bring significant change to the manufacturing supply chain in terms of efficiency, visibility and responsiveness. This paper aims to assess the position of IoT with reference to contemporary manufacture; with regard to its advantages and the issues with its implementation. This paper aims to review IoT applications which foster supply chain management improvement through the identification of real time tracking, predictive maintenance, and data analysis. Furthermore, the paper discusses the technical, organizational, and security issues are described that manufacturers encounter while implementing IoT with the current systems. Introducing future trends of the IoT and its implication for supply chain management, the prospects for evolution are described and envisioned. This work supports the centrality of IoT architectures vital for manufacturers in today’s globalized market where unpredictability breaches financial plans. Lastly, the implemented research findings on how IoT can be effectively incorporated in SCM are discussed followed by a proposal on future research.