The Impact of the Internet of Things on Supply Chain 4.0

Logistics 4.0 ◽  
2020 ◽  
pp. 35-50
Author(s):  
Sema Kayapinar Kaya ◽  
Turan Paksoy ◽  
Jose Arturo Garza-Reyes
Keyword(s):  
Supply Chain ◽  
Internet Of Things ◽  
The Internet ◽  
The Impact ◽  
The Internet Of Things

Value Enablement of Collaborative Supply Chain Environment Embedded With the Internet of Things

2020 ◽  
Vol 16 (3) ◽  
pp. 19-51
Author(s):  
Samir Yerpude ◽  
Tarun Kumar Singhal
Keyword(s):  
Supply Chain ◽  
Internet Of Things ◽  
Supply Chains ◽  
Goodness Of Fit ◽  
The Internet ◽  
Chain Model ◽  
Time Data ◽  
Business Goals ◽  
The Impact ◽  
The Internet Of Things

Currently, industry is going through the fourth Industrial Revolution, also termed Industry 4.0. It is characterized mainly by the cyber-physical systems dominated by digital technologies such as the Internet of Things (IoT). Organizations are making significant effort to understand customer needs and subsequently align them to the business goals for achieving market leadership. It is imperative for the longevity of the organization that goods and services be made available to the customer at the most appropriate place, time, and price. Supply chains are contributing to achieving this organizational goal. A paradigm shift was observed in the past few decades when organizations competed as supply chains in the market more than an individual brand. This shift brought forward the importance of collaborative supply chains. Researchers in this study have presented the impact of IoT origins on real-time data on a collaborative supply chain model, including internally and externally aligned parameters. The study recommends the best model basis for the goodness of fit from the customer and vendor perspective for the automotive industry in India.

scholarly journals Strategy for Supply Chain Integration of Autonomous Electrical Vehicles in the Internet of Things

2019 ◽  
Author(s):  
Petar Radanliev
Keyword(s):  
Supply Chain ◽  
Internet Of Things ◽  
Supply Chain Integration ◽  
The Internet ◽  
Theory Approach ◽  
Supply Chain Strategy ◽  
Electrical Vehicles ◽  
The World ◽  
The Impact ◽  
The Internet Of Things

This paper outlines a new methodology for developing strategy for supply chain integration of Autonomous Electrical Vehicles (AEV) to the Internet of Things (IoT). The methodology consists of external architecture and internal design that anticipates the business strategy in the development process. The methodology is designed to anticipate the impact of developments in new road transport technologies, such as Tesla Truck or Tesla Pickup. Since the methodology is designed to anticipate the impact of non-existing technologies, it represents green-field analysis. Green-field is defined as a new and non-existent operation. Green-field strategy architecture in this paper is presented as a process of accepting the world and acting upon that version of the world. The results of the analysis are presented as pathways and outcomes, emerging from the interrelated relationship between AEV and IoT. The emerging methodology is applied through two case studies to evaluate the impact to environment, performance and operationalisation. The methodology proposes architecture and design for integrating AEV and IoT in the supply chain strategy, and a set of new evaluation criteria that promote acceptance of Artificial Intelligence (AI) in the design process. The main contribution to knowledge is a new methodology for integrating AEV and the IoT to the supply chains. The paper applies interplay between inductive and deductive case study and grounded theory approach to build upon the concept of supply chain architecture and contribute to knowledge to the topic of formulating green-field integrated AEV- IoT supply chain strategy.

scholarly journals Intelligent Coordination Distribution of the Whole Supply Chain Based on the Internet of Things

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-12
Author(s):  
Hongxiu Cui
Keyword(s):  
Supply Chain ◽  
Internet Of Things ◽  
Economic Benefits ◽  
Cold Chain ◽  
The Internet ◽  
Key Technologies ◽  
Coordination System ◽  
The Impact ◽  
Internet Of Things Technology ◽  
The Internet Of Things

In this paper, through the intelligent research of the whole process of logistics and distribution with the Internet of Things supply chain, we study how to improve the development of the cold chain, reduce the loss in circulation, improve the social and economic benefits, and carry out intelligent information collection, monitoring, management, and information tracing of the whole cold chain. This paper analyzes and empirically studies the impact of key technologies of the Internet of Things in cold chain coordination from the perspective of building an intelligent cold chain coordination system with the Internet of Things technology. This paper analyzes the current situation of cold chain logistics and the impact that the application of IoT technology will have, explains that IoT technology can improve the intelligence level of the cold chain, and then introduces the application of intelligent cold chain logistics under IoT orientation, combining the process of cold chain logistics with the three-layer architecture of IoT technology. By extracting the key technologies of IoT perception layer, network layer, and intelligence layer, the intelligent cold chain coordination system based on IoT technology is constructed, and then, the correctness of the system is verified, to have some reference and evaluation for the cold chain construction. The system was then verified to have some reference and guidance significance for the construction and evaluation of the cold chain. The results of this paper are more accurate and more efficient.

scholarly journals Measuring and eliminating the bullwhip in closed loop supply chains using control theory and Internet of Things

2021 ◽  
Author(s):  
Christos I. Papanagnou
Keyword(s):  
Supply Chain ◽  
Internet Of Things ◽  
Supply Chains ◽  
Closed Loop ◽  
Bullwhip Effect ◽  
The Internet ◽  
Chain Model ◽  
Closed Loop Supply Chains ◽  
The Impact ◽  
The Internet Of Things

AbstractClosed-loop supply chains are complex systems as they involve the seamless backward and forward flow of products and information. With the advent of e-commerce and online shopping, there has been a growing interest in product returns and the associated impact on inventory variance and the bullwhip effect. In this paper, a novel four-echelon closed-loop supply chain model is presented, where base-stock replenishment policies are modelled by means of a proportional controller. A stochastic state-space model is implemented, initially to capture the supply chain dynamics while the model is analysed under stationarity conditions with the aid of a covariance matrix. This allows the bullwhip effect to be expressed as a function of replenishment policies and product return rates. Next, an optimisation method is introduced to study the impact of the Internet of Things on inventory variance and the bullwhip effect. The results show that the Internet of Things can reduce costs associated with inventory fluctuations and eliminate the bullwhip effect in closed-loop supply chains.

Interface Trends in Human Interaction, the Internet of Things, and Big Data

2018 ◽  
pp. 4210-4222
Author(s):  
William J. Gibbs
Keyword(s):  
Big Data ◽  
Internet Of Things ◽  
Television News ◽  
Information Services ◽  
Human Interaction ◽  
The Internet ◽  
Media Convergence ◽  
The Impact ◽  
The Internet Of Things

In this chapter, I examine trends in today's news-orientated interfaces and the impact of digital interfaces on news consumption. Digital interfaces will be differentiated from traditional informational sources such as newspapers and television news. Additionally, I will explore several major characteristics or trends germane to today's news interfaces and their implications for how people consume news and, more generally, for how they transform information services: a) rapid innovation, b) interactivity, c) social, d) standardization, e) scale, f) media convergence and, g) the Internet of Things and Big Data.

Internet of Things Applications

2016 ◽  
pp. 397-427 ◽  
Author(s):  
Mahmoud Elkhodr ◽  
Seyed Shahrestani ◽  
Hon Cheung
Keyword(s):  
Quality Of Life ◽  
Internet Of Things ◽  
Mobile Devices ◽  
Physical Space ◽  
The Internet ◽  
Everyday Objects ◽  
Iot Applications ◽  
The Impact ◽  
The Internet Of Things

The Internet of Things (IoT) brings connectivity to about every objects found in the physical space. It extends connectivity not only to computer and mobile devices but also to everyday objects. From connected fridges, cars and cities, the IoT creates opportunities in numerous domains. This chapter briefly surveys some IoT applications and the impact the IoT could have on societies. It shows how the various application of the IoT enhances the overall quality of life and reduces management and costs in various sectors.

Improving Opportunities in Healthcare Supply Chain Processes via the Internet of Things and Blockchain Technology

2021 ◽  
pp. 1635-1654
Author(s):  
Raja Jayaraman ◽  
Khaled Salah ◽  
Nelson King
Keyword(s):  
Supply Chain ◽  
Internet Of Things ◽  
The Internet ◽  
Chain Process ◽  
Product Recalls ◽  
Chain Processes ◽  
Blockchain Technology ◽  
Compromise Patient Safety ◽  
Supply Chain Process ◽  
The Internet Of Things

Despite key advances in healthcare informatics and management, little progress to address supply chain process-related problems has been made to date. Specifically, key healthcare supply chain processes include product recalls, monitoring of product supply shortages, expiration, and counterfeits. Implementing and executing these processes in a trusted, secure, efficient, globally accessible and traceable manner is challenging due to the fragmented nature of the healthcare supply chain, which is prone to systemic errors and redundant efforts that may compromise patient safety and impact health outcomes adversely. Blockchain, combined with the Internet of things (IoT), is an emerging technology that can offer a practical solution to these challenges. Accordingly, IoT blockchain offers a superior way to track and trace products via a peer-to-peer distributed, secure, and shared ledger of the blockchain network. This article highlights key challenges related to healthcare supply chains, and illustrates how IoT blockchain technologies can play a role in overcoming these challenges now and in the near future.

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