A Study on The Application of IoT and Analytics in Improving the Supply Chain Activities in Automobile Industry

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Mohan C, Surya M, Aditya S, Dr. Krithika

Abstract

IoT solutions transform dark, dumb, and isolated assets into lit, intelligent, and connected ones. IoT and other emerging technologies are required to increase supply chain visibility. IoT applications that extract useful insight from historical or ersatz-real-time data mashups are used to inform business choices. Apps give users a one-of-a-kind chance to take advantage of IoT's features. By highlighting potential problems, this study explores the issue of improving supply chain visibility. Having a comprehensive understanding of the supply chain from start to finish has never been more crucial due to the network's growing complexity, multimodal distribution, and an expanding number of stakeholders. Modern technology is essential to achieving competitive levels of customer service, satisfaction, cost reduction, and speed and efficiency benefits in manufacturing, inventory management, and shipping. Managing supply is become more and more challenging due to shorter product cycles, complex product designs, a loss of vertical manufacturing expertise, global procurement, shaky markets, and an increase in natural disasters.

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How to Cite
Mohan C, Surya M, Aditya S, Dr. Krithika. (2023). A Study on The Application of IoT and Analytics in Improving the Supply Chain Activities in Automobile Industry. European Economic Letters (EEL), 13(4), 488–503. Retrieved from https://www.eelet.org.uk/index.php/journal/article/view/628
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