Internet of Things and Modern Supply Chain Management

Information flow has a great influence over the flow of materials in the supply chain industry. The behavior by which the materials flow is highly affected by how the information flows throughout the organization in a smooth manner. To develop the supply chain performance and improve the efficiency of information sharing a lot of practices have been developed to achieve that target. However nowadays with the expansion of companies and having complicated structures of communication, ordinary practices cannot suffice any longer. Additionally, a lot of time is not utilized properly wasting a lot of time and lowering the efficiency of the organization. This research aim is to investigate the development of the internet of things and how when properly utilized it can make a huge impact on modern supply chain management. This research aim is to provide a theoretical basis on how companies can use internet of things to allow easier access for information throughout the organization with minimal effort. The research questions to be addressed in this research are (1), What is the impact of the internet of things on modern supply chain management (2) what are the possible improvements and future work that can be done with regards to the internet of things (3) is it easy to use. An application of internet of things in the supply chain management is developed based on literature findings. The applications aim is to take place to match between execution flexibility and information abundance. Information sharing aimed should be providing high quality information for the higher ups and management before making crucial and swift decisions. To improve the flexibility of the operations and improve the pace within the working environment information must be gathered in a swift manner. It was determined that there are several reasons behind the turbulent flow between materials flow and information flow. Numerous plan changes in response to demand changes, varying planning processes which would subsequently cause problems when designing a supply chain model to organize the information flow. Moreover, it was also found that another reason was insufficient data which resulted in the inability of sharing information between various departments