Profiling Benefits of RFID Applications

Radio Frequency Identification (RFID) enables a contact-free identification of objects either individually or in a bulk mode. The most salient promise of RFID in the realm of logistics is that it reduces object handling costs by automation. However the business potential of RFID reaches well beyond: By providing decision makers with a more detailed, precise, and timely information base, qualitative and indirect benefits can be realized and RFID can be turned into an enabler for farreaching process transformations. This paper derives a classification framework for RFID benefits that can be used for profiling benefits of envisioned RFID initiatives. The profiles are designed to support a targeted selection of benefit measurement approaches as well as for an identification of relevant gaps in the exploitation of the technology. Two complementary case studies are introduced and discussed to illustrate how resulting benefit profiles can be utilized

Big Data and the Internet of Things

Advances in sensing and computing capabilities are making it possible to embed increasing computing power in small devices. This has enabled the sensing devices not just to passively capture data at very high resolution but also to take sophisticated actions in response. Combined with advances in communication, this is resulting in an ecosystem of highly interconnected devices referred to as the Internet of Things - IoT. In conjunction, the advances in machine learning have allowed building models on this ever increasing amounts of data. Consequently, devices all the way from heavy assets such as aircraft engines to wearables such as health monitors can all now not only generate massive amounts of data but can draw back on aggregate analytics to "improve" their performance over time. Big data analytics has been identified as a key enabler for the IoT. In this chapter, we discuss various avenues of the IoT where big data analytics either is already making a significant impact or is on the cusp of doing so. We also discuss social implications and areas of concern.Comment: 33 pages. draft of upcoming book chapter in Japkowicz and Stefanowski (eds.) Big Data Analysis: New algorithms for a new society, Springer Series on Studies in Big Data, to appea

Towards A Sustainable and Ethical Supply Chain Management: The Potential of IoT Solutions

Globalization has introduced many new challenges making Supply chain management (SCM) complex and huge, for which improvement is needed in many industries. The Internet of Things (IoT) has solved many problems by providing security and traceability with a promising solution for supply chain management. SCM is segregated into different processes, each requiring different types of solutions. IoT devices can solve distributed system problems by creating trustful relationships. Since the whole business industry depends on the trust between different supply chain actors, IoT can provide this trust by making the entire ecosystem much more secure, reliable, and traceable. This paper will discuss how IoT technology has solved problems related to SCM in different areas. Supply chains in different industries, from pharmaceuticals to agriculture supply chain, have different issues and require different solutions. We will discuss problems such as security, tracking, traceability, and warehouse issues. All challenges faced by independent industries regarding the supply chain and how the amalgamation of IoT with other technology will be provided with solutions.Comment: 9 page

Advances in Supply Chain Management: Potential to Improve Forecasting Accuracy

Forecasting is a necessity almost in any operation. However, the tools of forecasting are still primitive in view of the great strides made by research and the increasing abundance of data made possible by automatic identification technologies, such as, radio frequency identification (RFID). The relationship of various parameters that may change and impact decisions are so abundant that any credible attempt to drive meaningful associations are in demand to deliver the value from acquired data. This paper proposes some modifications to adapt an advanced forecasting technique (GARCH) with the aim to develop it as a decision support tool applicable to a wide variety of operations including supply chain management. We have made an attempt to coalesce a few different ideas toward a “solutions” approach aimed to model volatility and in the process, perhaps, better manage risk. It is possible that industry, governments, corporations, businesses, security organizations, consulting firms and academics with deep knowledge in one or more fields, may spend the next few decades striving to synthesize one or more models of effective modus operandi to combine these ideas with other emerging concepts, tools, technologies and standards to collectively better understand, analyze and respond to uncertainty. However, the inclination to reject deep rooted ideas based on inconclusive results from pilot projects is a detrimental trend and begs to ask the question whether one can aspire to build an elephant using mouse as a model

Dynamics in Logistics

This open access book highlights the interdisciplinary aspects of logistics research. Featuring empirical, methodological, and practice-oriented articles, it addresses the modelling, planning, optimization and control of processes. Chiefly focusing on supply chains, logistics networks, production systems, and systems and facilities for material flows, the respective contributions combine research on classical supply chain management, digitalized business processes, production engineering, electrical engineering, computer science and mathematical optimization. To celebrate 25 years of interdisciplinary and collaborative research conducted at the Bremen Research Cluster for Dynamics in Logistics (LogDynamics), in this book hand-picked experts currently or formerly affiliated with the Cluster provide retrospectives, present cutting-edge research, and outline future research directions

Artificial Intelligence Applied to Supply Chain Management and Logistics: Systematic Literature Review

The growing impact of automation and artificial intelligence (AI) on supply chain management and logistics is remarkable. This technological advance has the potential to significantly transform the handling and transport of goods. The implementation of these technologies has boosted efficiency, predictive capabilities and the simplification of operations. However, it has also raised critical questions about AI-based decision-making. To this end, a systematic literature review was carried out, offering a comprehensive view of this phenomenon, with a specific focus on management. The aim is to provide insights that can guide future research and decision-making in the logistics and supply chain management sectors. Both the articles in this thesis and that form chapters present detailed methodologies and transparent results, reinforcing the credibility of the research for researchers and managers. This contributes to a deeper understanding of the impact of technology on logistics and supply chain management. This research offers valuable information for both academics and professionals in the logistics sector, revealing innovative solutions and strategies made possible by automation. However, continuous development requires vigilance, adaptation, foresight and a rapid problem-solving capacity. This research not only sheds light on the current panorama, but also offers a glimpse into the future of logistics in a world where artificial intelligence is set to prevail

Big Data Analytics and Its Applications in Supply Chain Management

In today’s competitive marketplace, development of information technology, rising customer expectations, economic globalization, and the other modern competitive priorities have forced organizations to change. Therefore, competition among enterprises is replaced by competition among enterprises and their supply chains. In current competitive environment, supply chain professionals are struggling in handling the huge data in order to reach integrated, efficient, effective, and agile supply chain. Hence, explosive growth in volume and different types of data throughout the supply chain has created the need to develop technologies that can intelligently and rapidly analyze large volume of data. Big data analytics capability (BDA) is one of the best techniques, which can help organizations to overcome their problem. BDA provides a tool for extracting valuable patterns and information in large volume of data. So, the main purpose of this book chapter is to explore the application of BDA in supply chain management (SCM)

Challenges and opportunities of introducing Internet of Things and Artificial Intelligence applications into Supply Chain Management

The study examines the challenges and opportunities of introducing Artificial Intelligence (AI) and the Internet of Things (IoT) into the Supply Chain Management (SCM). This research focuses on the Logistic Management. The central research question is “What are the key challenges and opportunities of introducing AI and IoT applications into the Supply Chain Management?” The goal of this research is to collect the most appropriate literature to help create a conceptual framework, which involves the integration of the IoT and AI applications into contemporary supply chain management with the emphasis on the logistics management. Additionally, the role of 5G Network is closely studied in order to indicate its capabilities and the processing capacity that it can provide to the AI and IoT operations. In addition, the semi-structured online interview with the top managers from several companies was conducted in order to identify the degree of readiness of the companies for the AI and IoT applications in SCM. From the retrieved results, the major challenges of integrating the IoT into SCM are the security and privacy issues, the sensitivity of the data and high costs of the implementation at an initial stage. Moreover, the research results have shown that the IoT applications can positively affect the SCM activities, in particular, the high visibility across the SC, an effective traceability and an automated data collection. Furthermore, the predictive analysis of AI programs can help the SCM to eliminate the potential errors and failures in the processes.fi=Opinnäytetyö kokotekstinä PDF-muodossa.|en=Thesis fulltext in PDF format.|sv=Lärdomsprov tillgängligt som fulltext i PDF-format

Internet of Things Strategic Research Roadmap

Internet of Things (IoT) is an integrated part of Future Internet including existing and evolving Internet and network developments and could be conceptually defined as a dynamic global network infrastructure with self configuring capabilities based on standard and interoperable communication protocols where physical and virtual “things” have identities, physical attributes, and virtual personalities, use intelligent interfaces, and are seamlessly integrated into the information network

Internet-of-things enabled supply chain planning and coordination with big data services: certain theoretic implications

Recent advances in information technology have led to profound changes in global manufacturing. This study focuses on the theoretical and practical challenges and opportunities arising from the Internet of Things (IoT) as it enables new ways of supply-chain operations partially based on big-data analytics and changes in the nature of industries. We intend to reveal the acting principle of the IoT and its implications for big-data analytics on the supply chain operational performance, particularly with regard to dynamics of operational coordination and optimization for supply chains by leveraging big data obtained from smart connected products (SCPs), and the governance mechanism of big-data sharing. Building on literature closely related to our focal topic, we analyze and deduce the substantial influence of disruptive technologies and emerging business models including the IoT, big data analytics and SCPs on many aspects of supply chains, such as consumers value judgment, products development, resources allocation, operations optimization, revenue management and network governance. Furthermore, we propose several research directions and corresponding research schemes in the new situations. This study aims to promote future researches in the field of big data-driven supply chain management with the IoT, help firms improve data-driven operational decisions, and provide government a reference to advance and regulate the development of the IoT and big data industry.Published versio