Exploring Internet of Things Adoption Challenges in Manufacturing Firms: A Fuzzy Analytical Hierarchy Process Approach

Innovation is crucial for sustainable success in today's fiercely competitive global manufacturing landscape. Bangladesh's manufacturing sector must embrace transformative technologies like the Internet of Things (IoT) to thrive in this environment. This article addresses the vital task of identifying and evaluating barriers to IoT adoption in Bangladesh's manufacturing industry. Through synthesizing expert insights and carefully reviewing contemporary literature, we explore the intricate landscape of IoT adoption challenges. Our methodology combines the Delphi and Fuzzy Analytical Hierarchy Process, systematically analyzing and prioritizing these challenges. This approach harnesses expert knowledge and uses fuzzy logic to handle uncertainties. Our findings highlight key obstacles, with "Lack of top management commitment to new technology" (B10), "High initial implementation costs" (B9), and "Risks in adopting a new business model" (B7) standing out as significant challenges that demand immediate attention. These insights extend beyond academia, offering practical guidance to industry leaders. With the knowledge gained from this study, managers can develop tailored strategies, set informed priorities, and embark on a transformative journey toward leveraging IoT's potential in Bangladesh's industrial sector. This article provides a comprehensive understanding of IoT adoption challenges and equips industry leaders to navigate them effectively. This strategic navigation, in turn, enhances the competitiveness and sustainability of Bangladesh's manufacturing sector in the IoT era

Big Data - Supply Chain Management Framework for Forecasting: Data Preprocessing and Machine Learning Techniques

This article intends to systematically identify and comparatively analyze state-of-the-art supply chain (SC) forecasting strategies and technologies. A novel framework has been proposed incorporating Big Data Analytics in SC Management (problem identification, data sources, exploratory data analysis, machine-learning model training, hyperparameter tuning, performance evaluation, and optimization), forecasting effects on human-workforce, inventory, and overall SC. Initially, the need to collect data according to SC strategy and how to collect them has been discussed. The article discusses the need for different types of forecasting according to the period or SC objective. The SC KPIs and the error-measurement systems have been recommended to optimize the top-performing model. The adverse effects of phantom inventory on forecasting and the dependence of managerial decisions on the SC KPIs for determining model performance parameters and improving operations management, transparency, and planning efficiency have been illustrated. The cyclic connection within the framework introduces preprocessing optimization based on the post-process KPIs, optimizing the overall control process (inventory management, workforce determination, cost, production and capacity planning). The contribution of this research lies in the standard SC process framework proposal, recommended forecasting data analysis, forecasting effects on SC performance, machine learning algorithms optimization followed, and in shedding light on future research