Supply Chain Management Optimization with IoT and Blockchain Technology to Increase Efficiency and Transparency
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Technological developments, particularly the Internet of Things (IoT) and blockchain, provide great potential for increasing transparency, efficiency, and responsiveness in supply chain management. IoT enables real-time data collection through connected sensors, while blockchain offers a decentralized and secure record-keeping system to increase transparency and security in supply chain transactions. This research examines how these two technologies can be integrated in supply chain management to increase a company's operational performance. The use of IoT provides greater visibility into logistics processes and the status of goods, while blockchain strengthens trust and accountability between parties involved in the supply chain. The adoption of these technologies also poses several challenges, such as high implementation costs and the complexity of system integration. Companies need to plan carefully and address security concerns and technology adaptation in order to maximize the benefits offered by these technologies. With the right measures in place, companies can create a more efficient, transparent and responsive supply chain, which can ultimately strengthen their competitiveness in the global market.
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