smaRTI: Deploying the Internet of Things in Retail Supply Chains

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.

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A Blockchain-Based Trust Model for the Internet of Things Supply Chain Management

Sensors ◽

10.3390/s21051759 ◽

2021 ◽

Vol 21 (5) ◽

pp. 1759

Author(s):

Mabrook S. Al-Rakhami ◽

Majed Al-Mashari

Keyword(s):

Supply Chain ◽

Supply Chain Management ◽

Internet Of Things ◽

Supply Chains ◽

Trust Model ◽

The Internet ◽

Mutual Trust ◽

Chain Management ◽

Blockchain Technology ◽

The Internet Of Things

Accurate data and strategic business processes are crucial to all parties in a supply chain system. However, the absence of mutual trust can create a barrier to implementation. Several studies have shown that supply chains face challenges arising from a lack of trust with respect to the sharing of data. How well each party trusts the data they receive can have a profound influence on management decisions. Blockchain technology has been widely used to process cryptocurrency transactions. Recently, it has also proved to be effective in creating trust in the Internet of things (IoT) domain. Blockchain technology can facilitate mutual trust between parties who would otherwise have been doubtful of each other’s data, allowing for more effective and secure sharing of data. However, if the blockchain is not IoT-optimized, companies can experience significant delays and the need for extensive computational capacity. Moreover, there are still some limitations regarding the consensus between the nodes in the traditional consensus approaches. Here, we propose an alternative approach to creating trust in supply chains with diverse IoT elements. Our streamlined trust model simplifies data sharing and reduces computational, storage, and latency requirements while increasing the security of the IoT-based supply chain management. We evaluate the suggested model using simulations and highlight its viability.

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The Major Trends in Logistics Transformation in the Course of Neoindustrialization

Moscow University Economics Bulletin ◽

10.38050/01300105201635 ◽

2016 ◽

Vol 2016 (3) ◽

pp. 85-102

Author(s):

Irina Rachkovskaya

Keyword(s):

Economic Development ◽

Internet Of Things ◽

Supply Chains ◽

Industrial Revolution ◽

Industrie 4.0 ◽

Additive Technologies ◽

The Internet ◽

Logistics Strategy ◽

The Impact ◽

The Internet Of Things

The article deals with oncoming Neoindustrialization (New Industrial Revolution) influence on logistics’ nature. The author analyzes the impact of the Internet of Things and additive technologies for economic development. Special attention is paid to the basic tendencies of transformation of logistics in terms neoindustrialization. Basic ways for logistic transformation under the Industrie 4.0 are considered on the base of modern changes in the supply chains management. Conclusions of this research can be used as recommendations for to design of logistics strategy of the company and process descriptions.

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Factors influencing the adoption of the internet of things in supply chains

Journal of Evolutionary Economics ◽

10.1007/s00191-017-0527-3 ◽

2017 ◽

Vol 28 (3) ◽

pp. 523-545 ◽

Cited By ~ 1

Author(s):

Bo Yan ◽

Zijie Jin ◽

Lifeng Liu ◽

Si Liu

Keyword(s):

Internet Of Things ◽

Supply Chains ◽

The Internet ◽

Factors Influencing ◽

The Internet Of Things

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Leveraging the Internet of Things and Blockchain Technology in Supply Chain Management

Future Internet ◽

10.3390/fi11070161 ◽

2019 ◽

Vol 11 (7) ◽

pp. 161 ◽

Cited By ~ 25

Author(s):

Abderahman Rejeb ◽

John G. Keogh ◽

Horst Treiblmaier

Keyword(s):

Internet Of Things ◽

Supply Chains ◽

Value Chain ◽

Raw Materials ◽

Future Research ◽

The Internet ◽

Blockchain Technology ◽

Effectiveness And Efficiency ◽

Research Propositions ◽

The Internet Of Things

Modern supply chains have evolved into highly complex value networks and turned into a vital source of competitive advantage. However, it has become increasingly challenging to verify the source of raw materials and maintain visibility of products and merchandise while they are moving through the value chain network. The application of the Internet of Things (IoT) can help companies to observe, track, and monitor products, activities, and processes within their respective value chain networks. Other applications of IoT include product monitoring to optimize operations in warehousing‚ manufacturing, and transportation. In combination with IoT, Blockchain technology can enable a broad range of different application scenarios to enhance value chain transparency and to increase B2B trust. When combined, IoT and Blockchain technology have the potential to increase the effectiveness and efficiency of modern supply chains. The contribution of this paper is twofold. First, we illustrate how the deployment of Blockchain technology in combination with IoT infrastructure can streamline and benefit modern supply chains and enhance value chain networks. Second, we derive six research propositions outlining how Blockchain technology can impact key features of the IoT (i.e., scalability, security, immutability and auditing, information flows, traceability and interoperability, quality) and thus lay the foundation for future research projects.

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