Improving supply chain visibility with IoT in India
The Indian automotive industry has experienced significant growth in recent years, driven by increasing demand for vehicles and government initiatives to promote manufacturing. However, the industry faces challenges in terms of supply chain management, including limited visibility, inefficiencies, and high costs. The Internet of Things (IoT) has emerged as a potential solution to these challenges, enabling real-time monitoring and tracking of goods, vehicles, and equipment. This study aims to assess the role of IoT in enhancing supply chain visibility in the Indian automotive industry. The current state of IoT adoption in the industry is characterized by its application in areas such as inventory management and logistics. However, there is a need to investigate the impact of IoT on supply chain visibility, including its potential to reduce costs, improve delivery times, and enhance customer satisfaction. The significance of this topic lies in its potential to provide insights into the application of IoT in supply chain management, thereby contributing to the development of more efficient and effective supply chains.
The concept of IoT in supply chain management is not new, with early applications dating back to the early 2000s. However, recent advancements in IoT technologies have enabled the development of more sophisticated systems. The theoretical foundations of IoT in supply chain management are rooted in the fields of operations research and industrial engineering. Key prior studies have focused on the application of IoT in specific areas, such as inventory management and logistics. However, there is a lack of research on the holistic impact of IoT on supply chain visibility. The real-world relevance of this topic is evident in the increasing adoption of IoT technologies by automotive manufacturers worldwide. The Indian automotive industry, with its growing demand for vehicles and government initiatives to promote manufacturing, provides an ideal context for studying the impact of IoT on supply chain visibility. Academic frameworks, such as the Supply Chain Operations Reference (SCOR) model, can be applied to understand the factors influencing the adoption of IoT in supply chain management.
Despite the growing interest in IoT, there is a lack of research on its impact on supply chain visibility, particularly in the Indian automotive industry. The current literature focuses primarily on the technical aspects of IoT, with limited attention to its organizational and strategic implications. Furthermore, there is a need to investigate the challenges associated with the adoption of IoT in supply chain management, such as data quality issues and the requirement for specialized skills. The consequences of leaving this problem unaddressed include reduced competitiveness, inefficient supply chains, and decreased customer satisfaction. The central research question is: How can IoT be effectively used to enhance supply chain visibility in the Indian automotive industry?
IoT can be applied in inventory management, logistics, and transportation. It can also be used to track goods, vehicles, and equipment in real-time.
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