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Usage of Automation and IoT (Internet of Things) for Supply Chain industries Opportunities and challenges

Author(s) Prashant Awasthi
Country India
Abstract The Integration of Automation and Internet of Things (IoT) into supply chain businesses is revolutionizing conventional processes, offering unprecedented prospects of efficiency, transparency, and innovation. This study investigates the opportunity and challenges of applying these technologies to supply chain management. Some of the major benefits include real-time product tracking, preventive maintenance of equipment, better inventory management, and full cost optimization. With the ability of IoT-facilitated automation, companies can automate operations, enhance efficiency, conserve resources, and make better decisions through intelligence. However, cybersecurity risks, high implementation costs, interoperability issues, and data protection remain major disincentives. Through this paper, a detailed analysis of such issues is elaborated while gaining insights regarding how businesses can effectively deploy Automation and IoT in tandem to optimize the supply chain functions and remain relevant in an exponentially evolving digital marketplace.
Keywords Automation, Internet of Things (IoT), Supply Chain Management, Real-time Tracking, Predictive Maintenance, Inventory Management, Cost Optimization, Digital Transformation, Cybersecurity, Data Privacy
Field Computer > Artificial Intelligence / Simulation / Virtual Reality
Published In Volume 2, Issue 6, June 2021
Published On 2021-06-08
Cite This Usage of Automation and IoT (Internet of Things) for Supply Chain industries Opportunities and challenges - Prashant Awasthi - IJLRP Volume 2, Issue 6, June 2021. DOI 10.5281/zenodo.15107499
DOI https://doi.org/10.5281/zenodo.15107499
Short DOI https://doi.org/g89852
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