IoT and Supply Chain Management: Enhancing Efficiency and Security through Smart Technologies

By offering real-time visibility, increased efficiency, and better security, the Internet of Things (IoT) is revolutionizing supply chain management, this paper investigates. IoT devices enable seamless connectivity between products, warehouses, and logistics networks, allowing businesses to manage inventory, forecast demand, and prevent theft or fraud. Examining case studies of IoT implementations in supply chains, the article explores how data-driven insights maximize logistics, lower running costs, and lower risk-profile. It also suggests ways to improve IoT security in supply chains and tackles the security issues raised by IoT like data leaks and illegal access. IoT-based Supply Chain Management (SCM) solutions notably increase operational efficiency, cost reduction, security, inventory correctness, responsiveness, data processing time, downtime, energy consumption, scalability, and customer happiness, according the comparison table. IoT solutions save costs by 30% and have 95% efficacy—a 26.67% improvement over conventional systems. With only one documented security event year instead of five in conventional systems, security is also enhanced. Response time to disturbances drops and inventory accuracy rises as well. IoT solutions additionally provide 400% scalability increase.