Transforming Supply Chain Management with Big Data and IoT Innovations

Transforming Supply Chain Management with Big Data and IoT Innovations

Arpita Bhausaheb Surkunde 1, Dr. Rajendra Jarad 2, Dr. Mahendra Yadav 3, Dr. Praveen Suryavanshi 4, Prof. Dhanajay Bhavsar 5, and Prof. Nilambari Moholkar 6

Department of MBA, D.Y Patil Institute of Technology, Pimpri, Pune, India.

Abstract
The integration of Big Data and the Internet of Things (IoT) is revolutionizing supply chain management, enabling enhanced efficiency, transparency, and adaptability in a rapidly changing global landscape. Big Data analytics empowers organizations to process and interpret vast datasets, delivering actionable insights for demand forecasting, inventory optimization, and risk mitigation. Concurrently, IoT devices facilitate real-time monitoring, tracking, and seamless communication across the supply chain, bridging the gap between physical and digital operations. This paper examines the transformative potential of combining Big Data and IoT in supply chain management, focusing on their synergistic applications and benefits. It explores how these technologies enable predictive analytics, improve operational resilience, and foster sustainable practices. Key challenges, such as data security, system integration, and the need for skilled personnel, are also discussed. The findings highlight the strategic importance of adopting Big Data and IoT to create smarter, more responsive supply chains capable of thriving in dynamic market conditions. This research provides a roadmap for organizations aiming to leverage these innovations to gain a competitive edge while addressing the complexities of digital transformation.

I. Keywords: Big Data, Internet of Things (IoT), Supply Chain Management, predictive analytics, Innovations.