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Development of a Smart Supply-Chain Management Solution Based on Logistics Standards Utilizing Artificial Intelligence and the Internet of Things

  • Oh, Am-Suk
  • Received : 2019.08.08
  • Accepted : 2019.09.10
  • Published : 2019.09.30

Abstract

In this study, the author introduces a supply-chain management (SCM) solution that connects suppliers, manufacturers, customers, and other companies within a transactional relationship to enable efficient inventory management and timely product supply, which ultimately maximizes corporate profits. This proposed solution exploits Fourth Industrial Revolution technologies, such as artificial intelligence (AI) and the Internet of Things (IoT), which provide solutions to complex management issues generated by the broader market. The goal of the current study was to develop an advanced and intelligent smart SCM solution that complies with logistics standards, to enhance the visibility, safety, and efficiency of a supply chain made up of manufacturers and suppliers. This smart SCM solution aims at maximizing corporate profits through efficient inventory management and timely supply of products, and solves the complex management problems caused by operating within a wide range of markets.

Keywords

Logistics standards;Supply Chain Management (SCM);Artificial Intelligence (AI);Internet of Things (IoT);Adequate Inventory Calculation System

Acknowledgement

Supported by : Tongmyong University