Leveraging the Synergy of Edge Computing and IoT in Supply Chain Management

Abstract

This article investigates the possibilities of integrating edge computing and IoT in supply chain management, as well as the adoption of disruptive technologies such as blockchain integration, digital twins, robotics, and autonomous systems. Operational efficiency can be considerably enhanced by establishing a linked and intelligent supply chain ecosystem. The benefits of this technology include increased openness, efficiency, and resilience in supply chain processes. Among the benefits include real-time product tracking, environmental sustainability, enhanced production, and cost savings. The use of blockchain technology in a three-tiered Supply Chain Network (SCN) shows promise in terms of boosting supply chain transparency and security. The SCOR model is also discussed as a comprehensive framework for optimising supply chain processes. However, concerns such as data privacy, security, and employment displacement must be solved before firms can fully reap the benefits of new technologies. Overall, embracing these innovations has the potential to revolutionise supply chain management and create trust among stakeholders.