Future Application of Internet of Things (IoT) in Supply Chain of Company D

Open Access
Author:
Gupta, Shonaq
Area of Honors:
Supply Chain and Information Systems
Degree:
Bachelor of Science
Document Type:
Thesis
Thesis Supervisors:
  • Robert Novack, Thesis Supervisor
  • John Spychalski, Honors Advisor
Keywords:
  • supply chain
  • IoT
  • Internet of Things
  • Artificial Intelligence
  • Demand Sensing
  • Prescriptive Technology
  • Predictive Technology
  • future technologies
  • supply chain management
Abstract:
The purpose of this thesis is to analyze the opportunities of Internet of Things (IoT) within company D and recommend technologies which will positively impact company D’s supply chain. The thesis includes information about company D’s process flow which helps pick key nodes where these technologies can be installed. It also includes an adoption framework which defines if company D is an early or late adopter. The research further expands on new technologies available in the near future like Demand Sensing, Prescriptive Analysis, etc., and technologies which will dominate the industry in the long run like Artificial Intelligence (AI). The near future technologies are further categorized through their application in the SCOR framework. The thesis establishes the position of company D in the adoption framework and gives recommendations on technologies to implement in the short and long run. Lastly, the thesis outlines the limitations and risks associated with the adoption.