Elucidating the influence of IOT (internet of things) on supply chain in 4IR ( fourth industrialization) era in Bangladesh

Abstract

Supply chain & management is the heart of any business. Internet of things describes devices with sensor. processing ability, software and other technologies that connect and exchange data with other devices over the internet.

 In this paper, we will discuss how supply chain productivity can enhance in this digital era of Bangladesh Firstly we will elaborate the IOT(internet of things) and supply chain. We will discuss the objectives of this article.

 Initially we will discuss about how the digital devices helped to change the dynamic of supply chain followed by the history of supply chain to its digitalization in the context of Bangladesh.

Furthermore we explain the applications of IOT in supply chain with briefing the positive side subsequently we discuss about logistics optimization, quality, risk & cost control.

 Finally we discuss about the challenges and its solution for the betterment of any business with the context of upcoming future of supply chain in the digital era