IS IOT THE NEW BUZZWORD IN SUPPLY CHAIN MANAGEMENT?

Supply chain management is a rest of integrated tasks involving flow of information and
materials. IoT refers to the suite of technologies which includes sensors, servers, analytics
engines and network connectivity that has the ability to link the physical and information worlds.
The advent of new technologies like artificial intelligence, analytics and agile business has
changed the business models of major industries. Supply chain management can gain the most
from these sweeping changes thus saving time and increasing efficiency.IOT has the potential to
change the supply chain from a step by step, linear process to a seamless, data driven process.
This paper analyses the transformation of the SCM from the physical system to inter connected
information oriented system.It examines the increased in transit visibility, innovation and
revenue generation through the IoT Process.