USE OF IOT TECHNOLOGY FOR SUPPLY CHAIN MANAGEMENT PROCESS IN SRI LANKA

Abstract

Advancement of the new technologies has made rapid changes in the industrial revolution of countries. Business enterprises are in high competition among others to achieve the best efficient products management process to gain a competitive advantage through managing the business efficiently and cost-effectively. Supply Chain Management is one of the main important processes that highly focused on managing a business efficiently. Supply Chain Management is the administration of the progression of merchandises, enterprises, and incorporates all cycles that change crude materials into definite items. It includes the dynamic smoothing out of businesses' flexibly side, exercises to amplify client worth and increase an upper hand in the commercial centre. Internet of Things (IoT) is one popular technology that can be used to efficiently streamline the Supply Chain Management process. The idea of IoT in the context of Supply Chain Management is embedding connectivity and intelligence using a wide range of devices across the main stages of the Supply Chain Management process. IoT technology influences the industries that have a positive impact on the performance of Supply Chain Management. The intension of the research is to conduct a review on the use of IoT technologies embedded to the Supply Chain Management process as warehouse management, remote monitoring technologies as well as to find about its future directions in Sri Lankan context. Desk research has done by referencing researches, reports, articles, and going through the journals that are already done and published related to the topic. Thus, the details are gathered within a short time to prepare the details on the use of IoT technologies for the betterment of the Supply Chain Management processes in Sri Lanka.