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 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.

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

Sensors ◽  
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.

The Major Trends in Logistics Transformation in the Course of Neoindustrialization

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.

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.

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

scholarly journals Examining potential benefits and challenges associated with the Internet of Things integration in supply chains

2017 ◽  
Vol 28 (8) ◽  
pp. 1055-1085 ◽  
Author(s):  
Abubaker Haddud ◽  
Arthur DeSouza ◽  
Anshuman Khare ◽  
Huei Lee
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Supply Chains ◽  
Academic Community ◽  
The Internet ◽  
Chain Management ◽  
Content Type ◽  
Potential Benefits ◽  
The Impact ◽  
The Internet Of Things

Purpose The Internet of Things (IoT) is expected to have a huge impact on businesses and, especially, the way we think about supply chain management (SCM). However, there is still a paucity of studies on the impact of IoT adoption on supply chains and on different aspects of the business in general. The purpose of this paper is to examine the perception of the academic community of the impact of the IoT adoption in organizational supply chains with a view to verify potential key benefits and challenges existent in the literature. The research presents the impact on an organization along with the impact across its entire supply chain. Design/methodology/approach Data were collected through the use of an online survey and 87 participants completed the survey. Participants were mainly from the academic community and were university scholars based in different countries located in six continents. Participants were authors, or co-authors, of academic papers published in the Decision Science Institute 2015 and 2016 annual conference proceedings, the 21st International Symposium of Sustainable Transport and Supply Chain Innovations, the Supply Chain Management: An International Journal 2016 issues, and the Operations and Supply Chain Management: An International Journal 2016 issues. Findings The authors were able to confirm the significance of some of the examined potential benefits to individual organizations and their entire supply chains. However, the study identified other potential benefits that were not seen as a direct impact of IoT adoption. Most of the examined potential benefits were found to contribute to a number of critical success factors for implementing successful SCM. The authors were also able to confirm that some of the examined potential challenges were still perceived as key hinders to IoT adoption but examined potential challenges were not seen as hurdles to IoT adoption. Originality/value To the best of the authors’ knowledge, this is the first study of its kind. Although some literature attempted to provide an overview about the IoT management, no study has specifically explored potential benefits and challenges related to the adoption of IoT in supply chains and ranked them based on their significance. The results can be beneficial to academic scholars interested in the researched topic, business professionals, organizations within different sectors, and any other party interested in understanding more about the impact of adopting IoT on SCM.

scholarly journals Impacts of Internet of Things on Supply Chains: A Framework for Warehousing

2019 ◽  
Vol 8 (3) ◽  
pp. 84 ◽  
Author(s):  
Noha Mostafa ◽  
Walaa Hamdy ◽  
Hisham Alawady
Keyword(s):  
Supply Chain ◽  
Internet Of Things ◽  
Industry 4.0 ◽  
Inventory Level ◽  
The Internet ◽  
Time Data ◽  
Basic Part ◽  
Information And Communication ◽  
Potential Benefits ◽  
The Internet Of Things

The emergence of new digital industrial technology, known as Industry 4.0, has a positiveimpact on the performance of the supply chain. Warehouses are a basic part of the supply chain;they are used to store products and manage the inventory level. A sound warehouse managementsystem can lead to cost reduction and also can improve customer satisfaction. Traditionalwarehouse management models have become less efficient and unsuitable for today’s increasingmarket requirements. For the past decades, information and communication technology has beenused for warehouse management. This paper presents a new approach for warehouse managementby utilizing one of the main pillars of Industry 4.0, the Internet of Things. This new technologyenables the connection of several objects through collecting real-time data and sharing them; theresulting information can then be used to support automated decision-making. The architecture ofthis application is illustrated and its potential benefits are overviewed. A framework is proposed toimplement this approach in warehousing management, which can help in providing real-timevisibility of everything in the warehouse, increasing speed and efficiency, and preventing inventoryshortage and counterfeiting. This proposal gives an effective roadmap for enterprises to improvetheir warehouses by using the Internet of Things.

scholarly journals APPLICATION OF THE INTERNET OF THINGS IN PHARMACEUTICAL INDUSTRY SUPPLY CHAINS

2019 ◽  
pp. 68-74
Author(s):  
N. Yu. Barkova ◽  
D. D. Zherega ◽  
E. A. Popova ◽  
V. P. Logacheva
Keyword(s):  
Pharmaceutical Industry ◽  
Internet Of Things ◽  
Supply Chains ◽  
Network Architecture ◽  
Object Identification ◽  
The Internet ◽  
Time Data ◽  
Pharmaceutical Supply Chains ◽  
Intelligent Logistics ◽  
The Internet Of Things

Сurrent temperature monitoring, humidity, physical condition and real-time data transmission are extremely important in the pharmaceutical supply chains. The intelligent logistics system for monitoring the state of objects, implemented on the basis of the Internet of things, which can be used for the pharmaceutical industry, has been considered in this article. The two-level network architecture of the IOT platform has been reviewed. The first level is radio frequency object identification, and the second level is organization of wireless sensor network. By adapting the proposed system, the pharmaceutical company can easily monitor and control the quality of the goods during transportation.

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